• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
A huge number of unconfirmed transactions are stuck in the TON network

A huge number of unconfirmed transactions are stuck in the TON network

user avatar

by Alexandra Smirnova

2 years ago


The The Open Network (TON) faced a significant reduction in bandwidth, leading to a backlog of approximately 2.5 million unconfirmed transactions. This phenomenon was the result of a sharp increase in activity associated with the implementation of a service similar to the Ordinals protocol.

Main Causes of the Problems

The problems began on December 5, when the transaction processing speed in the TON network dropped to one transaction per second. This occurred after the launch of the new Tonano service, using BRC-20 standard tokens, derivatives of the Ordinals protocol. Due to the unexpected increase in load caused by this service, validator nodes, operating on insufficiently powerful equipment, could not cope with the increased load, leading to the need to reboot the network. As a result of this situation, a number of cryptocurrency wallets, including TON Wallet and Tonkeeper, temporarily ceased operation.

Impact on Other Networks

The bandwidth issue was not limited to the TON network alone. BRC-20 tokens used in the Tonano service also caused an overload in the Bitcoin network, increasing the number of unspent transactions (UTXO) from 87 million to 140 million. This led to an increase in the average cost of transactions to $14-$16, highlighting the interconnection and dependence of different blockchains on each other.

Conclusion

The situation in the TON network and its impact on other cryptocurrency networks underscores the importance of blockchain infrastructure reliability and the need to be prepared for a sharp increase in load. TON developers are actively working to solve the problem to ensure the stability and safety of the network for users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

MSCI's Proposal to Exclude Crypto Firms Could Impact $9 Billion in Stock Demand

chest

MSCI's proposal to exclude companies with significant digital asset holdings could impact up to $9 billion in stock demand.

user avatarMaria Gutierrez

Strategic Adjustments in Bitcoin Holdings Amid MSCI's Proposal

chest

Strategic adjustments in Bitcoin holdings are being considered by companies in response to MSCI's proposal to exclude firms with significant digital asset holdings from its indices.

user avatarLuis Flores

Delhi Police Detain Five in Connection with Major Crypto Investment Fraud

chest

Delhi Police have detained five individuals linked to a significant crypto investment scam that has reportedly stolen over Rs 24 crore from unsuspecting victims.

user avatarArif Mukhtar

Expected Bitcoin Correction May Hit Retail Investors Harder Than Institutions

chest

The expected volatility in Bitcoin and Ethereum may affect retail investors more severely than institutional investors.

user avatarDavid Robinson

Husky Inu HINU Experiences Recent Price Increase.

chest

Husky Inu HINU has successfully completed its latest price increase during the prelaunch phase, with the token price rising from 0.000023931 to 0.000024023.

user avatarAndrew Smith

NEXUS and Redlab Games Collaborate to Integrate ROM Golden Age into CROSS Blockchain

chest

NEXUS collaborates with Redlab Games to integrate ROM Golden Age into the CROSS blockchain, enhancing the gaming landscape and empowering players.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.