TON Blockchain Hits Roadblock: No New Blocks for Over Three Hours, as memecoin DOGS surges in popularity.

The TON blockchain, a popular platform for decentralized applications, has stopped producing blocks for more than three hours. This unexpected halt has raised concerns among users and developers, sparking many discussions on social media and online forums.

What's Behind the Blockage?

As the TON blockchain battles to keep up with the rising popularity of a new TON meme coin, the network has fallen behind the DOGS. More than three hours have passed since the last fresh block on the TON blockchain. It's possible that the network was crashed by a new meme coin named DOGS, which caused this outage.

On-Chain Data Reveals TONcoin Slump

On-chain data indicates that TONcoin (TON), the native currency of the TON blockchain, fell 5% late on Wednesday due to the protocol's inability to generate a block in the previous three hours. When a blockchain cannot generate blocks for a long time, network stability is disrupted, which raises security concerns and can create delays in transactions.

Network Congestion and Security Risks

These collisions are not common with blockchains but do occur during times of high network activity. The popularity of the token led to a spike in transactions, which may have been the cause of TON's recent airdrop of the DOGS meme coin. However, some observers noted that the network failed to keep up with the demand, with transactions per second (TPS) far below expectations.

Similarities with Solana's February Fiasco

Similar circumstances occurred with Solana in February when the chain was unable to generate new blocks for more than five hours, which resulted in severe sell pressure on its native token (SOL).

ByBit Restricts Withdrawals and Deposits

According to a post by Wu Blockchain, Bybit declared that it was temporarily restricting withdrawals and deposits due to network instability caused by TON's network stopping block production.

TON's Recent Price Surge and Telegram Connection

The recent arrest of Telegram CEO Pavel Durov in France raised the price of TON to descend. TON and Telegram are two different things, even though they are frequently used together. Before the blockchain freezing, the price of TON had defied the general market trend, rising throughout the previous day as other significant cryptocurrencies dropped by at least 4%.

Conclusion

The TON blockchain's inability to produce new blocks for over three hours has raised concerns about its stability and security. As the network struggles to keep up with demand, users and developers are left wondering what's next for this popular platform. Will TON bounce back from this roadblock after Pavel Durov release, or will it face further challenges? Only time will tell.