• 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

Binance Sees Massive Inflow of XRP Amid Market Dynamics

chest

Binance absorbed a massive inflow of over 31 million XRP in a single day, raising questions about potential short-term supply dynamics.

user avatarSatoshi Nakamura

Crypto Market Experiences Sharp Decline Amid Geopolitical and Economic Concerns

chest

The cryptocurrency market faced a significant downturn, with Bitcoin dropping below $65,000 as traders reacted to US trade policy changes and geopolitical tensions.

user avatarJesper Sørensen

Dogecoin Hits 1,100 Days at a Profit, Signaling Potential Market Shift

chest

Dogecoin has surpassed 1,100 days at a profit, indicating a potential market shift.

user avatarRajesh Kumar

Bitcoin Open Interest Plummets Amid Market Turmoil

chest

Bitcoin's Open Interest has dropped significantly following recent market volatility, reflecting a mix of liquidations and reduced risk appetite among investors.

user avatarLucas Weissmann

Bitcoin Market Faces Heavy Liquidations Amid Panic Selling

chest

Recent market volatility has led to significant liquidations of Bitcoin positions, with traders experiencing heavy losses.

user avatarFilippo Romano

Clarity Act Progress and Ripple's Strategic Positioning

chest

The proposed Clarity Act aims to provide clearer legal classifications for digital assets, which could benefit Ripple's ecosystem.

user avatarEmily Carter

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.