The Open Network (TON) is not just a fast, secure, and scalable blockchain and network project, but also a revolutionary platform capable of processing millions of transactions per second. Its user-friendly interface and seamless integration with service providers make it an ideal choice for both users and businesses. TON coins are used for validator deposits, transaction fees, gas payments (i.e., smart contract processing fees), and persistent storage fees, all of which are typically paid in TON coins.
TON is a PoS-based network that can infinitely shard and achieve millions of TPS, supporting billions of users, smart contracts, and decentralized applications. With its unique HyperCube technology, TON can bridge different blockchains and connect them seamlessly. In addition to the TON public blockchain, TON has developed storage, nodes, and DNS services, making the network even more comprehensive. This allows different blockchain shards within the network to communicate with each other and access websites and files.
The goal of TON is to become a Web3.0 network that includes decentralized storage, I2P networking, instant payments, and high usability for decentralized applications. Although Telegram initiated the project in 2019, it was ultimately discontinued in June 2020. However, the network is now being supported and further developed by the open-source community of TON.
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