📰Update on the recent technical incidents

The TON Foundation has released a technical report on the recent events and the current situation, which we'll summarize below.

The surge in transactional activity on the TON blockchain in the last two days caused a slowdown in transaction processing. The peak load occurred between the 5 and 6 of December, though it hasn't posed any threat to smart contracts and user assets.

The 3 million new transactions have caused issues for the validators that were using suboptimal equipment and unable handle the increased load.

The main reason for the slowdown is the inadequate capacity of some validators' equipment. Though it was able to handle the previously low load, as soon as the transaction volume increased, it ran into trouble.

Efforts are underway to put pressure on validators by increasing accountability, improving network performance, and enforcing a penalty system. Patches designed to optimize existing nodes are being rolled out.

Note: The TON blockchain remains operational, scalable, and able to process increasingly large transaction volumes.

Validators are urged to promptly upgrade their equipment according to the corresponding recommendations. For important announcements, refer to TON Status.

FAQ summary:
- TON did not experience failure, only a slowdown
- The penalty system will become more rigorous after the incident
- Many transfers onto the same address do not cause any issues for TON
- The commission structure will remain the same for validators with appropriate equipment

How much longer do you think we'll wait until the blockchain completely stabilizes?

Your coffeebreak @TonPost