• 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

Japan Tightens Access to Crypto Through Regulated Exchanges

chest

Japanese authorities are enforcing stricter access to cryptocurrency platforms, limiting services to those that comply with domestic regulations.

user avatarRajesh Kumar

PEPE Token Shows Strong Performance Against Major Cryptocurrencies

chest

PEPE token showed strong performance with a 146% increase against USD, maintaining stability and key support levels.

user avatarJesper Sørensen

Vitalik Buterin Emphasizes Individual Sovereignty in Ethereum Development

chest

Vitalik Buterin emphasizes the importance of individual sovereignty in Ethereum development, urging developers to prioritize resilience over convenience.

user avatarLucas Weissmann

Institutional Interest in Ethereum Grows Amid Regulatory Clarity

chest

Institutional investors are increasingly building on Ethereum due to clearer regulatory frameworks in the U.S., leading to a surge in stablecoin transfer volume.

user avatarFilippo Romano

Technological Advances Transform Fan Engagement in Sports

chest

Technological advancements in streaming and AI are reshaping how fans engage with sports content.

user avatarEmily Carter

DGrid Unveils Innovative Proof of Quality Mechanism

chest

DGrid unveils its Proof of Quality mechanism to ensure AI result reliability in a decentralized network.

user avatarKaterina Papadopoulou

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.