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TON Blockchain Faces Repeated Outages Amid DOGS Token Overload
The TON blockchain, which powers Toncoin (TON), experienced two significant outages within 24 hours due to an overload from the minting of the DOGS token. These disruptions halted block production for over three hours, prompting the TON Network team to issue a critical update for mainnet validators.
Impact on Toncoin and Network Stability
Despite the outages, Toncoin's price remained relatively stable, with only a 0.99% dip over four hours and a 4% decrease over 24 hours. However, the network's stability is a growing concern, especially after a cumulative 16.5% price drop over four days.
Telegram's Connection and Ongoing Challenges
Originally developed by Telegram, TON has gained traction, with Toncoin now among the top 10 cryptocurrencies by market cap. However, the network's recent struggles, exacerbated by high transaction volumes and the DOGS token airdrop, highlight ongoing challenges. If these issues persist, they could have long-term effects on investor confidence.
