Telegram Open Network (TON)

Telegram Open Network (TON) is a high-performance blockchain platform originally developed by the messenger team Telegram In order to create a scalable and decentralized ecosystem for WEB3 applications, payments and services. TON has been conceived as a new generation network capable of competing with Ethereum and other popular blockchains in transaction speed and functionality.

The TON network uses a multi-layer architecture that includes:

• masterchain — The main blockchain that manages the network and provides consensus.
• Workchains – Individual blockchains within the network that can serve different applications and tokens.
• shardchains — horizontally scalable chains to handle a large number of transactions at the same time, which ensures high throughput.

The main cryptocurrency of the network is Gram (Gram)intended for:

• payment of commissions for transactions and execution of smart contracts.
• participation in decentralized network management.
• support for the internal economy of decentralized applications (DApps).

Features and benefits of TON:

• Speed and scalability: Millions of transactions per second thanks to sharding and multi-layer architecture.
• Telegram integration: Convenient use of cryptocurrency inside the messenger for micropayments and transfers between users.
• Smart contract and token support: Allows you to create DApps, NFT projects, DEFI services and own tokens.
• Decentralized Management: Decisions are made through the mechanism of consensus and smart contracts, which reduces the influence of centralized organizations.

History and development:

The TON project was announced in 2017 and was of great interest due to its integration with Telegram and the sale of hundreds of millions of dollars to Gram tokens. After legal difficulties with the US Securities Commission (SEC) Telegram left the project, but the community continued to develop an open-named network Free TON, which retained all the key ideas of the original platform.

Today, TON is developing as a decentralized ecosystem for mass use, offering fast, secure and cheap transactions, Web3 app support and integration with a popular messenger, making it unique among modern blockchains.