The Open Network Restarts Operations Following Six-Hour Downtime Caused by DOGS Coin Frenzy

The Open Network Faces Brief Downtime Due to DOGS Token Surge; Normal Operations Restored

The Open Network (TON) has resumed normal block production after experiencing a major outage caused by intense trading activity related to the new meme coin, DOGS. The disruption halted transactions for over six hours, significantly impacting the network’s operations.

Outage Details and Timeline

The network outage began at approximately 10:11 p.m. UTC on August 27, when TON ceased generating new blocks. This interruption was linked to an extraordinary spike in network activity, primarily driven by the recent launch of DOGS, a new meme cryptocurrency.

According to on-chain data and reports from the TON community, the surge in trading volume overwhelmed the network. Tonk Inu, a crypto community group associated with TON, was among the first to alert users about the service interruption. They suggested that the excessive traffic generated by DOGS was the primary cause of the disruption.

Network Response and Resolution

Justin, a member of the TON Foundation, also confirmed that the DOGS token’s overwhelming load was responsible for the network issues. In response to the outage, TON released a statement on its official X account. The network acknowledged that the excessive load led to several validators failing to clear old transactions from their databases, which caused a consensus breakdown.

To address the problem, the TON team instructed block verifiers to restart the network at 4:00 a.m. UTC on August 28. After a six-hour downtime, services were restored, and TON announced that it was back online and operating normally by the morning of August 28.

DOGS Coin Price and Market Activity

Following the outage, the DOGS coin, which was implicated in causing the network disruption, has seen a significant decrease in its price. Initially, DOGS peaked at $0.001856 shortly after its launch. However, the coin’s value has since dropped to approximately $0.0012, giving it a market capitalization of $645 million.

Trading activity for DOGS has also diminished. The coin’s 24-hour trading volume initially exceeded $1.7 billion, but recent figures from CoinMarketCap show a reduction to just over $1 billion on the last day.

Additional Context: Telegram Co-Founder’s Arrest

The timing of TON’s network issues coincides with the arrest of Pavel Durov, the co-founder of Telegram. Durov’s detention in France is reportedly related to allegations of insufficient moderation on the messaging platform. Concerns include issues such as drug trafficking, child sexual content, and fraud, which have reportedly led to his arrest.

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