A large number of transactions undermine network stability
DOGS was launched on Monday and is now among the top 75 cryptocurrencies by market capitalization. The launch of the new token was accompanied by an airdrop to 10 million users of Telegram-based applications. This caused huge hype, which put a lot of pressure on the network, causing the blockchain to be congested and eventually crashed late on Tuesday.
The TON blockchain resumed operations on Thursday after an outage. According to the team, the reason for the outage was an abnormal surge in transaction load, which interfered with the network's consensus mechanism.
Although Telegram operates independently of TON, the cryptocurrency is still popular among users. Telegram content creators can earn and transfer TON tokens on the platform.
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$ETH Continue to short after the callback
