As a seasoned analyst with years of experience in the cryptocurrency market, I have seen my fair share of blockchain outages and their varying impacts on token prices. The recent series of outages affecting the TON blockchain, created by Telegram, is an interesting case study, to say the least.


In the past two days, the TON blockchain developed by the company behind Telegram Messenger has experienced two separate interruptions or downtimes.

At 19:19 UTC, the team reported production issues to users via messages on Telegram and X (previously Twitter) during U.S. afternoon hours. It seems these problems originated from high demand caused by the DOGS token minting process. The TON Core team is currently working diligently to find a solution for this issue.

The team emphasized that users’ assets were not at risk. They followed with an “urgent” post on X asking mainnet validators to update their nodes and restart.

Based on information from the Tonscan block explorer, the most recent blocks were added to the chain at 12:23 PM EST (which is equivalent to 16:23 PM UTC).

In simple terms, the value of the TON token remained relatively stable following the recent outage, decreasing by 0.99% over a span of four hours and dropping 4% over a 24-hour period as per CoinDesk’s latest data.
As soon as I manage to pull out my DOGE (laughing emojis) – I’ve got patience for it! (This is a crypto investor speaking.)
Previously, an interruption happened on a Wednesday, during the trading period in Asia, and it persisted for approximately six hours. Similarly, this incident didn’t significantly impact the price of TON, as it had already experienced a decline several days prior when Pavel Durov, the founder and CEO of Telegram, was detained in France.

The earlier outage could partly be attributed to the high demand generated by the DOGS airdrop, an initiative by the Ton Foundation aimed at increasing public attention towards the controversial arrest of Durov they believe is unfair.

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2024-08-28 23:18