DOGS Popularity Surge Makes Telegram Paralyzed Twice

Bittime - The surge in popularity of the meme coin DOGS has caused serious disruption to the Telegram Open Network (TON) Blockchain network. 

In the past 24 hours, TON experienced two outages lasting more than three hours, prompting concerns about the network's reliability. 

This article will take a closer look at the impact of the DOGS coin on TON and its implications for the crypto ecosystem.

What are DOGS and why are they popular?

DOGS is a meme coin that was recently launched and immediately caught the attention of the global crypto community. 

With a massive airdrop taking place on August 26, 2024, DOGS quickly entered the list of top 100 cryptocurrencies by market capitalization. 

Its skyrocketing popularity has triggered a spike in transactions on the TON network, which was the main cause of the outage.

Read Also:  Daily Combo Hamster Kombat 29 August 2024, Choose These 3 Cards!

Disruption to the TON Network

The TON network, which is connected to the Telegram messaging app and supports the Toncoin cryptocurrency, was down for three hours due to a spike in DOGS-related activity. 

As a result, block production on the network came to a halt, raising concerns about TON's reliability in the face of transaction surges. 

This outage is the second in the last 24 hours, highlighting the major challenges TON faces in stabilizing its network.

Impact on TON and the Crypto Community

In addition to technical issues, the situation was exacerbated by the arrest of Telegram CEO Pavel Durov in France. 

Although Telegram operates separately from TON, the close relationship between the two has raised concerns that problems at Telegram could impact TON. 

However, the TON team is committed to fixing this issue and continues to work to stabilize the network, as well as ensure TON's ability to handle future surges in demand.

Toncoin Recovery and Future Prospects

Despite the outage and pressure on the network, Toncoin is starting to show signs of recovery after experiencing a 17 percent price drop in the past week. 

Currently, the price of TON is around US$ 5.47, with an increase of 1.18 percent in the last 24 hours. Although it is still far from the highest price ever reached, this positive trend shows the potential for further increases in the future.

Conclusion

The surge in popularity of DOGS brought major challenges to the TON network, triggering two outages in a short period of time. 

However, the TON team remains optimistic in stabilizing the network and meeting increasing demand. On the other hand, Toncoin is starting to show signs of recovery, although pressure from the crypto market continues. 

Going forward, the steps taken by TON will be key to determining its stability and reliability in facing future challenges.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.