TON blockchain struggled badly following the launch of a highly anticipated Telegram game crypto token.
TON is a popular crypto network among Telegram users, as it can be accessed via Telegram bots on the platform. Many people compare the TON blockchain network with the Solana network, as the TON crypto team claims its scalability is 55k TPS, which is very close to Solana’s 70k TPS.
On August 28, 2024, the TON blockchain network struggled due to abnormal network load following the release of the Dogs token.
The TON community explained that the issue occurred because several validators couldn’t clean their databases of old transactions, causing them to lose consensus. They confirmed that consensus would be reestablished if enough validators restart.
Now, the TON network is functioning smoothly.
TON Network & Criticism
Following the launch of the TON blockchain, the community claimed that the network can process transactions with a scalability of 55k TPS, but the network struggled at 280 TPS. Some crypto X users said that the TON community is misleading people with exaggerated data.
$TON Coin Price Action
The current trading price of TON coin, the native token of the TON blockchain, is $5.487, which is 1.4% down from the last 24 hours’ trading price.
A sudden rise and fall in the trade prices can be seen in the price graph, showing that the token’s trading price was significantly influenced by the network outage news.
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