What is TON? The Telegram Blockchain
The Open Network (TON) is the third-generation proof-of-stake blockchain designed for lightning-fast transactions.
Launched in 2018 by the founders of Telegram Messenger, the Durov brothers, the project has been taken over and powered by the TON Community.
While the rise of projects based on blockchain technology has increased steadily in today's digital age, TON is a plan that is ultra-economical, simple to use, and simple to use for provisioning services, as well as fully operational.
TON is developing as a large distributed supercomputer or monumental superserver that hosts and provides a diversity of services on the blockchain planet. In addition to the function of processing millions of transactions per second, the ecosystem on the TON blockchain can also recognize the construction of an emerging generation of Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments, and various decentralized services.
The TON blockchain is unique with a scalable and flexible architecture that includes a master chain and up to 292 accompanying blockchains.
it also scales to millions of chains without influencing processing speed due to the logarithmic interaction between the data transfer era and the number of blockchains.
Comparatively with other blockchains in the space, TON stands out for its scalable and flexible architecture and third-generation proof of collaboration.
It doesn't stop there, TON is crafted for a first 5th generation blockchain plan which is also a multi-chain, mixed homogeneous/heterogeneous BFT PoS plan with support for custom working chains, with native and tightly coupled sharding support which is especially capable of forwarding messages between shards almost instantaneously as it maintains a consistent state of each of the shard chains.
Its interfaces are friendly for users to use and remain accessible to decentralized applications and capable contracts, as well as decentralized browsing.
Users have the ability to send and receive funds in seconds, the wallet also enables them to sell and trade TONS through various Dapp providers, or monitor cost changes as they keep peace with stability properties.
As previously mentioned, since the founders of TON also founded Telegram Messenger, you can use Telegram as your regular cryptocurrency wallet with the usual features, such as trading cryptocurrencies with a bank card and receiving, exchanging, as well as sending cryptocurrencies to other wallets immediately.
Users have the possibility to trade cryptocurrencies with bank card with parameters in just min.
Currently, Toncoin is distributed through capable contracts from special donors using a proof-of-work mechanism. Anyone can mine pow-givers and receive coins.
To mine the Toncoin, the PoW Giver contract has a computational puzzle as a challenge.