Actions taken:

1. MINTING METHOD

Issue

Notcoin used mass mint coins to its users. DOGS tried a mechanism where the user picks up their own coins by himself. The technical arrangement of this process turned out to be not the most optimal. It creates a lot of unnecessary transactions that could have been avoided. The number of users is already record-breaking, and this increased the load several times more.

Solution

Yesterday, DOGS switched to mass minting.

Further improvement

For the next projects, we invented a new TON Mintless Jetton technology. As well as reducing network load, it allows coins to be distributed to hundreds of millions of users and radically reduces projects' network costs for initial minting. More details about Mintless in the following posts.

2. VALIDATORS

Issue

Some validators continue to perform poorly. It also took many hours of waiting while most validators applied an emergency update.

Solution

Validators are requested to update their contacts https://t.me/toncoin/1498.

Clearly, there is a need to improve the decentralised system for penalising weak validators.

We have improved the complaint submission in the existing penalty system. On Monday we will publish the necessary documentation and announce the date when the fines will be fully operational.

Validators, please familiarise yourself https://t.me/tonstatus/133 with the requirements and guidelines to avoid fines.

If you don't want to do this, you can use staking https://ton.org/en/stake.

Further improvement

The decentralised penalty system will be further developed: the method for identifying weak validators will be improved and the penalty amounts will be increased.

3. DEXes

Issue

Some decentralised exchanges in TON have a central smart contract that is involved in all transactions. This creates a bottle neck.

Solution

Previously such smart contracts could negatively affect the entire network, after the latest TON 2024.08 update it only slows down a specific service.

Further improvement

Recommendation for blockchain developers: try to avoid single central points in your smart contract systems, distribute smart contracts and their interaction with each other as much as possible. Focus on the jetton-wallet and nft-item design.

Dedust.io DEX looks the best in terms of contract architecture.

4. MISCONFIGURATION OF VALIDATORS

Issue

The validator parameters state-ttl 3600 and --catchain-max-block-delay 0.4 do not work best under this load. The new recommended value is state-ttl 86400 --catchain-max-block-delay 0.5.

Solution

The parameters have already been fixed in previous days' updates.

CONCLUSION

The TON community has the honour of being discoverers and is at the forefront of the blockchain industry.

SHIBA INU on Ethereum, one of the most popular memcoins, has 1.4M holders and 13.4M transactions on it. These are figures over a 4 year period since its inception in 2020.

Projects like DOGS are gaining comparable numbers in the first few days of their launch on the TON blockchain.