The Open Network (TON) stands out as one of the few proof-of-stake (PoS) supported networks with sharding capabilities. While many projects view such features as end goals, for TON, they are merely the starting point. The vision is far grander: to unite all existing and new blockchains, along with the internet itself, into a single global network protocol.
What is The Open Network (TON)?
Originally conceived by the founders of Telegram in 2017, TON is a ultra-fast, user-friendly blockchain designed to serve individuals, businesses, and governments. After Telegram stepped away from the project in 2020, it was continued by a dedicated open-source community of experienced developers, including winners of Telegram's blockchain competitions.
Key Features of TON
- High Scalability: Built to handle billions of users.
- Speed and Low Fees: Transactions are nearly instantaneous and cost-effective.
- User-Friendly Applications: Native apps like wallets can be used directly within Telegram.
- Decentralized Ecosystem: Aims to combine the best of centralized and decentralized worlds.
How Does TON Mining Work?
TON utilizes a unique mining mechanism governed by "Giver" smart contracts.
- The Process: A Giver smart contract generates a random computational task and rewards 100 TON coins for the correct solution.
- Brute Force Method: Solving the task requires significant computational power, but the algorithm's randomization means even standard PCs have a chance.
- Rewards: The first miner to solve the task receives the reward, and a new cycle begins.
This structure ensures a decentralized and fair distribution of coins. Mining does not require initial investment, and users can potentially earn 100-300 TON monthly on a standard PC.
The TON Ecosystem: More Than Just a Blockchain
TON is evolving into a comprehensive ecosystem with several upcoming features:
TON DNS
Scheduled for release in Q1 2022, TON DNS is a domain system on the blockchain. It allows users to purchase short usernames for use in transactions instead of long wallet addresses. Domains will be sold via public auction.
TON Payments
Using Lightning Network technology, TON Payments will facilitate micro-payments through established channels. This is ideal for scenarios requiring ultra-fast, high-volume settlements.
TON DeFi
Launching in Q1 2022, TON DeFi will host financial services and applications, such as decentralized exchanges (DEXs), offering low fees and rapid transactions.
TON Proxy
An anonymous proxy service based on TON nodes, functioning like a decentralized VPN. It enhances privacy and security while remaining accessible to all.
TON Sites
Decentralized websites with .ton domains, combining the familiarity of traditional sites with blockchain benefits.
TON Storage
A distributed file storage technology, akin to a decentralized Dropbox, enabling secure storage and transfer of large data volumes.
Getting Started with TON
Wallets and Applications
- Tonkeeper: A non-custodial mobile wallet with a friendly interface, built-in price charts, and exchange access.
- Telegram Bots: @wallet and @CryptoBot allow users to send and receive crypto without leaving Telegram.
Where to Buy TON Coin
TON coin is available on several exchanges, including:
- OKEx
- FTX
- Gate.io
- Bit.com
- Decentralized platforms like Uniswap and PancakeSwap.
👉 View real-time exchange listings
The Development Team Behind TON
After Telegram's exit, developers Anatoliy Makosov and Kirill Emelyanenko took the initiative to reboot TON. Both are renowned programmers with backgrounds in game development, blockchain technology, and multiple Telegram competition wins. Their collaboration led to the development of Orion Protocol, a CEX and DEX aggregator, before fully committing to TON.
The team now consists of unique programmers dedicated to maintaining and advancing the TON blockchain.
Frequently Asked Questions
What makes TON different from other blockchains?
TON is designed for mass adoption, focusing on scalability, speed, and user experience. Its integration with Telegram and upcoming features like TON DNS and TON Proxy set it apart.
Can I mine TON coin at home?
Yes, mining is possible on standard PCs. While powerful servers have an advantage, the randomized algorithm allows even less powerful devices to succeed.
Is TON secure?
Yes, TON employs advanced security measures, and its decentralized nature reduces risks associated with centralized data storage.
When will TON's new features be released?
TON DNS, Payments, and DeFi are slated for early 2022, with TON Proxy and Sites following in the first half of the year.
How can developers contribute to TON?
Developers can join the TON Foundation community, access documentation on the official website, and participate in building dApps and services.
What is the long-term goal of TON?
To create a unified global network that combines blockchain and internet technologies, offering a more secure, stable, and decentralized alternative.
Conclusion
The Open Network is poised to revolutionize how we interact with blockchain technology. With its strong foundation, dedicated community, and ambitious roadmap, TON is not just another blockchain project—it's a movement towards a more open and integrated digital future. Whether you're a user, miner, or developer, there are numerous opportunities to get involved and grow with the ecosystem.
For more updates and detailed guides, stay connected with the TON community through official channels and resources.