cryptonews.net
The $TON network has slowed down significantly following a surge in activity that some attribute to the launch of processes known as “inscriptions.” The $TON Foundation has published a “Technical Incident Report”.
TON20’s “inscription” feature, similar to BRC20, caused the blockchain to generate more than 2 million transactions in half an hour, and network usage increased 61 times. As a result, the $TON network was severely overloaded, and the verification was delayed, as @WuBlockchain described the problem on their X (Twitter). According to TonStat, a website that provides data on $TON, there were about 2 million transactions as of December 5th and another 800 thousand transactions as of December 6th. This is a significant increase from approximately 266 thousand transactions on December 4th.
Previously, $TON has made claims that it has set a “world TPS record” and will be able to process millions of transactions per second. However, the current blockchain situation does not match these claims, while the $TON Foundation blames the validators, claiming that they are “running on weak hardware.” In response to the problem, the $TON Foundation has released a new version of the software that focuses on increasing timeouts and managing large queues.
Controversy could be brewing around the network as $TON believes it can convince validators to switch to new hardware if they change the “system of decentralized penalties for validators who do their job poorly or incorrectly.” Such a decision may discourage validators from working with the network.