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TON Network: The 40-Minute Drama That Had Us All on Edge (But No One Lost Their Crypto!)

BBG News

Well, it happened. On June 1, Telegram’s beloved Open Network (TON) had a minor freak-out. For a whole 40 minutes, block production just stopped dead in its tracks. 😱 Blockchains, am I right?

Thankfully, after a brief (but oh-so-stressful) hiatus, the TON team managed to pull themselves together and fix the issue. Apparently, the problem was caused by a hiccup in processing the masterchain dispatch queue. You know, just a little “oops” moment in blockchain-land. 😬

But don’t worry, the heroes behind the curtain quickly identified the error, performed some wizardry, and patched things up. Just a couple of validator updates and voilà, we’re back in business. The network consensus was restored, and blocks started flowing like a smoothie on a hot summer day. 🍹

Here’s the best part: no user assets were harmed in the making of this disaster. 🎉 And, in case you’re wondering, the developers are planning to release a post-mortem report so we can all get an even deeper dive into the great TON mystery. Stay tuned! (We’ll try to keep our sarcasm in check until then.)

Of course, this kind of drama isn’t exclusive to TON. Other blockchains, like Solana and Sui, have had their own melodramas over the past year. Validator nodes losing consensus, software bugs, random surges in activity… you know, the usual. It’s like a soap opera, but with more code. 🤖

Let’s not forget that TON’s not exactly new to this. Back in August 2024, the network was hit by two major outages when the DOGS memecoin launch brought traffic to a standstill. On August 27, we all held our breath as block production halted at workchain block 45,341,899, only to be resurrected after a coordinated node reset. And just when we thought it was over, BAM! A second outage on August 28, lasting a torturous six hours. Drama much? 🙄

And if that wasn’t enough, December 2023 gave us a little surprise with a TON20 transaction surge. Let’s just say TPS fell faster than your internet connection on a bad day. From 100,000 transactions per second to under one. Ouch. Developers rolled up their sleeves, issued a patch, and even started threatening penalties for those failing to meet performance standards. Talk about tough love. 💪

But don’t worry, folks—despite the technical hiccups, TON still has our hearts. In March 2025, they secured a cool $400 million in funding from big names like Sequoia Capital, Draper Associates, CoinFund, and SkyBridge. So yeah, it seems like they’re doing okay. 😎

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2025-06-02 10:59

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