No hours-long blockades, society supports Durov

• The TON network has not generated a block for several hours due to network outages triggered by the transaction activity surrounding the newly created meme coin DOGS.

• The TON Society has also launched a campaign against the French authorities with a rebranding and an “Open Letter Mini App”.

Data from Tonscan shows that the Toncoin (TON) network has not generated a single block in almost three hours. According to the information available, the last block was generated at 06:11:46 UTC+8.

Tonscan data shows that the Ton network has not generated any blocks for almost 3 hours and the last block was generated at 06:11:46 UTC+8. Bybit announced that due to network instability, Bybit has suspended all deposits and withdrawals via the Toncoin (TON) network.…— Wu Blockchain (@WuBlockchain) 28 August 2024

In response, Bybit Exchange has suspended all deposits and withdrawals, citing network instability as the main reason for this decision.

Due to an unstable network, Bybit has suspended all deposits and withdrawals through the Toncoin (TON) network starting August 27, 2024, 22:00 UTC. All ongoing deposits and withdrawals will experience delays until the network is deemed stable. Rest assured, other activities, such as trading, will not be affected.

According to Justin Sun, a member of the TON Foundation, the existing challenge was triggered by the “overload of DOGS transactions.” He further explained this, stating that the “garbage collection” overloaded several of the validators, resulting in a loss of consensus. However, he assured that the problem is under control as the validators were asked to restart at 4:00 UTC.

More on DOGS, TON Society calls for Durov's release

DOGS, which is proven to be the main cause of this failure, was started on the TON network on August 27. According to our research, this meme coin is currently listed on Binance and OKX. Fascinatingly, its trading volume shot up to $1.7 billion in just 10 hours after the launch. This pushed its market cap to an all-time high of $891 million at a price of $0.0018. However, this was short-lived as the price crashed to $0.0013.

The emergence of this meme coin follows the official rebranding of the TON Society in support of Telegram creator Pavel Durov, who was recently arrested by French authorities.

We are updating Toncoin's logo and profile pictures on all TON community channels with the global symbol of digital resistance – the Resistance Dog. In response, Pavel posted a picture of his dog and refused to silence anyone on his platform. Since then, this dog has become the mascot of free speech. He has become a symbol of hope, incredible strength and courage.

In addition, the TON Society has launched an “Open Letter Mini App” to fight for Durov’s release from prison. At press time, it had received over 1.8 million signatures.

According to French media, things could get even worse for the Telegram founder as he could face even more serious charges, including drug trafficking, terrorism, money laundering, fraud, child abuse content, etc. Currently, his detention is part of an investigation for lack of moderation and cooperation. As we have already mentioned, reportedTelegram has stated that it will refute the allegations, arguing that Durov has nothing to hide.

It is absurd to claim that a platform or its owner is responsible for the misuse of that platform. Almost a billion users around the world use Telegram as a means of communication and as a source of important information. We await a speedy resolution of this situation. Telegram is with you all.

At the time of writing, TON was trading at USD 5.3, after falling by 0.78% in the last 24 hours.