Toncoin powers The Open Network, a decentralized blockchain known for speed, low fees, and community-driven innovation. More
| Fully Diluted Valuation | $16.49B |
|---|---|
| 24H Trading Volume | $202.83M |
| 24H Low / High | $3.10 / $ 3.22 |
| Circulating Supply | 2.57B |
| Total Supply | 5.14B |
| Max Supply | ∞ |
| Categories | Pantera Capital Portfolio 12 more |
|---|---|
| Founder | Durov brothers 1 more |
| Website | jobs.ton.org Whitepaper 1 more |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Binplorer 9 more |
| Contracts |
0x582....7def1
2 more
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| Name | Pair | OG Score |
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The Open Network (TON) stands as a testament to the resilience and adaptability of blockchain technology, evolving from its origins as Telegram Open Network to become a decentralized layer-1 blockchain. Initially conceived by the Durov brothers and developed by the Telegram team, TON faced regulatory challenges in 2020, leading to its transformation and takeover by the TON Foundation. Renamed The Open Network, TON now boasts a robust and community-driven structure, with Anatoliy Makosov and Kirill Emelianenko leading the development efforts.
At the heart of The Open Network is Toncoin (TON), the native cryptocurrency designed to facilitate fast, transparent, and secure payment services within the ecosystem. Utilizing a proof-of-stake consensus model, Toncoin ensures network scalability and reliability. The TON network's multi-level structure, featuring master, work, and shard chains, leverages sharding technology to enhance efficiency, with a notable achievement of 55,000 transactions per second during a 2021 contest. The community-driven approach, coupled with a focus on scalability and mass adoption, sets TON apart, offering services like TON Wallets, TON Services for decentralized applications, TON Storage for secure data handling, and TON Proxy for decentralized VPN access.
The journey of Toncoin and The Open Network reflects the dynamic landscape of blockchain technology. From its inception by Telegram to regulatory hurdles and the subsequent community-led development, TON has emerged as a versatile and high-performance blockchain ecosystem. With Toncoin at its core, TON continues to shape the future of decentralized finance, providing users with a seamless and eco-friendly platform for transactions, applications, and storage.
Toncoin (TON) stands out for its high-performance blockchain, low fees, and eco-friendly proof-of-stake consensus.
Originally created by the Durov brothers and the Telegram team, Toncoin (TON) saw a community-led transformation, with Anatoliy Makosov and Kirill Emelianenko leading its development.
The development of Toncoin (TON) has been supported by a non-commercial group of enthusiasts and the independent community-driven TON Foundation, fostering a decentralized and collaborative ecosystem.
You can buy Toncoin (TON) on Binance, Bybit, MEXCOKXHTX cryptocurrency exchanges.
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