• 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

Cardano Faces Pressure Amid Recent Price Drop

chest

Cardano has experienced a 6.07% price drop, falling to $0.05590 as profit-taking and tightened liquidity affect the altcoin markets. Despite this short-term volatility, analysts highlight Cardano's strong fundamentals and ongoing developments, suggesting it remains an attractive investment for the long term.

user avatarMohamed Farouk

Binance Coin Expands with Allora Listing Across Multiple Platforms

chest

Binance Coin has expanded its ecosystem with the recent listing of Allora across its Earn, Margin, Convert, and Futures platforms, providing zero-fee swaps and new trading pairs.

user avatarBayarjavkhlan Ganbaatar

Litecoin Price Surge Attracts Community Speculation

chest

Litecoin's recent price increase of 12% has sparked significant discussions within the community, despite the absence of any official commentary from key figures such as founder Charlie Lee or the Litecoin Foundation.

user avatarElias Mukuru

Zero Knowledge Proof Launches Whitelist for Historic Crypto Presale

chest

Zero Knowledge Proof ZKP has launched its whitelist for the largest blockchain presale in history, with over $100 million invested in infrastructure.

user avatarDiego Alvarez

Zero Knowledge Proof ZKP Launches with Real Hardware Network

chest

Zero Knowledge Proof ZKP is preparing to launch with a fully operational hardware network, featuring Proof Pods that allow users to earn rewards through verifiable computing tasks.

user avatarKenji Takahashi

Synchron Raises $200 Million to Advance Neurotechnology

chest

Synchron, a leading brain-computer interface company, has successfully raised $200 million in a Series D funding round to expand operations and enhance its flagship product, the Stentrode.

user avatarMaria Fernandez

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.