Toncoin

What is TON ?

TON is more than just a typical blockchain designed solely for establishing a decentralized financial system. As previously mentioned, blockchain is an emerging technology with the potential to convert centralized systems into decentralized ones, as we discussed earlier.

In 2018, Telegram unveiled its entry into the blockchain realm with the debut of the Gram currency, marking the inception of the TON blockchain derived from the Telegram Open Network. Following a period of time, issues arose involving the U.S SEC Commission, and eventually, after 2.5 years, the project was transitioned to the open-source community. The community was established by a group of seasoned developers and top programmers from around the world who emerged victorious in a Telegram contest. Subsequently, the project resumed its operations under the name TON, derived from The Open Network.

Challenges such as blockchain slow processing, inability to scale for millions of users, and lack of widespread adoption have limited the acceptance of blockchain and cryptocurrencies, leading to only a small portion of the world's population using them.

TON Network Includes :

- TON Blockchain

- TON DNS

- TON Storage

- TON Site

The TON blockchain serves as the core infrastructure, fundamental framework for constructing the TON ecosystem and facilitating the development of decentralized storage and other related components. Additionally, a key factor of the TON network is its remarkable speed, currently setting the benchmark for the highest transaction volume.Utilizing the technical capabilities embedded within the TON blockchain, it achieves approximately 104,000 transactions per second, showcasing its exceptional performance. That is why it has mass adoption.

To illustrate the components of TON in a simple manner, we can liken it to a highly developed city. Think of this network as a vast and complex urban area.

In this case :

- TON Blockchain : It acts like the streets of a city and forms the infrastructure of a city. Constitutes the foundational core of TON, responsible for recording and authenticating transactions within the network. Also, this core is designed to process millions of transactions per second and connect.

- TON DNS :

It is like the addressing system of a city, in fact, instead of using latitude and longitude numbers, we use names for addresses. Technically, it works similar to the domain system on the Internet, except that it converts blockchain addresses into readable names for ease and convenience.

- TON Storage :

functions akin to warehouses and storage sheds within urban areas, serving as a decentralized repository for data. Its significance lies in its pivotal role in facilitating the storage of data in the development of Dapps, making it a crucial and practical component.

- TON SITE :

They work like shops and billboards displaying ads and announcements, for the convenience of users, this section is supposed to work on decentralized websites and also in the Telegram application. So that users don't need to log out of Telegram to access websites.

What is TONCoin and its relation to TON ? In fact, the native currency of TON is TONCoin and this cryptocurrency is used for payments and transactions. The aim of the TON blockchain is to establish a versatile blockchain platform that achieves widespread adoption and can be universally utilized worldwide. Ton Blockchain and Telegram are collaboratively building a robust ecosystem to empower users. Their objective is to develop a comprehensive super application within Telegram, allowing users to efficiently manage all their tasks and activities. Yet, there's more to see! This super application operates on the blockchain platform, offering a blend of security, speed, efficiency, and various other advantages simultaneously. Within Telegram, all stores are available, facilitating secure payments, content creation, and earn from it. The collaboration between TON and Telegram has already sparked numerous developments, and this partnership is poised to yield further innovations and advancements in the future.