What is The Open Network (TON) 

TON is cryptocurrency on layer 1 that was developed by world leading message app, Telegram, but due to SEC interference with the project which led to Telegram dropping the project. Later the cryptocurrency community saw the potential of the project and continue developing TON till today, the develop community then form into TON Foundation. 

TON Algorithm are Proof of Stake (POS) which make the network have high scalability, lead to faster transaction and low cost. 

Ton Founder 

Durov  sibling, Nikolai Durov and Pavel Durov were the founder of TON, develop the network with Telegram develop team. Due to interference from US SEC, the project had to be drop. Later, the developer community saw the potential of project and take baton to continue development of TON, which the community later become TON Foundation 

Why TON 

TON development was driven by community, with scalability to the number of transaction make network able to validate the transaction faster. In September 2021, TON make the record of processing 55000 transaction per second, and now the speed is even higher. Also the network is know to be environmental friendly as well. 

TON work on system of Sharding which can be explain as having blockchain within another blockchain. If the main chain was already full with transaction, shard chain will work as subchain to distribute the overflow of transaction to not accumulate at mainnet only. This unique function lead to higher number of transaction can be process at faster speed. 

About Toncoin 

As the native coin of TON, the main utility of Toncoin on TON are the transaction fee. Holder also have the right to vote on the direction of development, as well as reward for chain validators. 

TON Roadmap 

TON provides services such as TON Wallets, which is the wallet for coin transaction on platform. There are 2 types of TON wallets which are Custodial wallet and non-Custodial wallet. 

TON also provide tool and space for developer to develop dApps on platform as well which call TON Service, which also assist user to access the apps much easier 

Mid of 2024, TON announce partnership with Travala, the travel website. Now user can reserve hotel, flight and tour package with Toncoin. 

*Cryptocurrency involve high risks; investors may lose all investment money.