The Open Network (TON) blockchain experiences transaction processing delays
The Open Network (TON) blockchain faced significant delays in transaction processing after the implementation of a protocol inspired by Bitcoin Ordinals. The issues began on Tuesday and by Thursday, over 2.5 million transactions were pending. The blockchain’s speed dropped to less than one transaction per second, much lower than its reported maximum speed of 100,000 transactions per second. The congestion was severe enough that popular TON wallets had to temporarily pause their services.
TON Ordinals
The congestion on the TON blockchain followed the launch of Tonano, a service for creating blockchain inscriptions using the TON20 token standard. However, the congestion was attributed to validator nodes running on weak hardware that couldn’t handle the sudden increase in load. A patch has been issued to address the problem, and stricter penalties will be implemented for lagging validators in the future.
Inscriptions have been a contentious topic in the Bitcoin community, where they were first introduced. Recently, inscriptions were also introduced on the Polygon blockchain, causing transaction volumes to spike but not halting the network.
Telegram’s blessing
The TON blockchain was initially developed by Telegram’s team but faced legal challenges from the SEC over an alleged unregistered securities sale. Telegram settled with the SEC and abandoned the project. However, TON Labs and Telegram’s former technical partner continued development under Toncoin (now TON) and Free TON (now Everscale). In September, Telegram officially endorsed TON and integrated its wallet into the messenger app for international users.
Hot Take: Transaction Congestion Plagues TON Blockchain
The Open Network (TON) blockchain experienced significant transaction processing delays due to congestion caused by a newly implemented protocol. The blockchain’s speed dropped to a fraction of its maximum capacity, leading to over 2.5 million pending transactions. Popular TON wallets had to temporarily halt their services due to the severe congestion. The issue was attributed to weak hardware on validator nodes, which couldn’t handle the sudden increase in network load. However, a patch has been released to address the problem. This incident highlights the challenges of scaling blockchain networks and the importance of robust infrastructure to ensure smooth transaction processing.
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