Ton Blockchain or Ton Network (TON) is one of the most innovative blockchain platforms in the world of digital currencies. This network, which was initially developed by the Telegram messaging team, was created with the aim of integrating digital currency and blockchain capabilities into the Telegram ecosystem. With its unique design, Toon Blockchain wants to further the scalability and efficiency of decentralized finance.What is Ton Network (TON)? Everything about the Telegram blockchain
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In this article, we explain the history of the connection between your blockchain and the Telegram program. Also, we will do a comprehensive review of blockchain tone, its key features, how it works and its applications.
What is your blockchain?
TON is a decentralized layer 1 blockchain known for its close connection with the popular messenger Telegram. For this reason, some call it the Telegram blockchain. Using its multi-chain architecture and sharding mechanism, this network seeks to solve the scalability problems found in many other blockchains.
Tone architecture includes a main chain called Masterchain and several sub-chains called Workchain. The main chain is responsible for the overall management of the network and maintains critical information such as protocol changes and validator data. Workchains are independent blockchains that can be customized for different applications. They work independently and process their own transactions.What is Ton Network (TON)? Everything about the Telegram blockchain
One of the outstanding features of Tone Blockchain is the “Dynamic Sharding” feature. With this feature, your blockchain can theoretically process millions of transactions per second. In fact, Tone is able to effectively distribute the network load with sharding, as it divides the blockchain into smaller pieces or shards.What is Ton Network (TON)? Everything about the Telegram blockchain
Read more: What is sharding? A way to improve scalability
This structure allows Toon to be highly scalable while maintaining security and decentralization; That is, Ton is trying to solve the triple problems of blockchain. This capability makes your blockchain well-suited for a wide range of real-world applications, including fast and low-cost payments.
How does your blockchain work?
By using several advanced technologies, Ton Blockchain has managed to have a very efficient performance and high scalability. The three main aspects in the structure and operation of this network include proof-of-stake mechanism, sharding and Tone Virtual Machine (TVM).
Proof-of-stake consensus mechanism
Tone uses a Proof of Stake (PoS) consensus mechanism. This method is much more efficient and environmentally friendly compared to the Proof of Work (PoW) mechanism used in the Bitcoin blockchain.
Read more: What is Proof of Stake (POS) on Blockchain?
In this system, validators are selected based on the amount of Toncoins they have staked in the network. These people are responsible for verifying transactions and creating new blocks. The more stake a validator has, the more likely he is to be selected to approve transactions.
This mechanism not only ensures network security, but also helps distribute network governance and control among users more democratically. Normal users can also participate in this process and receive rewards by depositing their TonCoins with validators.What is Ton Network (TON)? Everything about the Telegram blockchain
Sharding
Sharding is one of the key technologies of the Toon blockchain that helps the high scalability of this network. In this method, the network is divided into smaller parts called shards. Each shard is an independent blockchain that processes transactions completely independently and the final settlement is done on the main network. What is Ton Network (TON)? Everything about the Telegram blockchain
Your blockchain innovation is where the sharding technology has advanced and made it dynamic; For this reason, it is called dynamic sharding. Using this advanced technology, the Tone Network can automatically increase or decrease the number of shards based on the volume of transactions and network traffic. This feature allows Toon to process millions of transactions per second.
Sharding also means that each node or node in the network does not need to store and verify all the network data, but only manage a part of it. This helps to reduce the hardware requirements to participate in the network and increase its decentralization.
Your virtual machine
TON Virtual Machine, abbreviated as TVM, is the environment for executing smart contracts in the TON blockchain. The Tone virtual machine plays a similar role to the Ethereum Virtual Machine (EVM) in the Ethereum network. Using this technology, developers can create smart contracts on the Toon network and develop their own decentralized applications (dApp) on this blockchain.
Read more: What are Decentralized Applications (DApps)? How is a decentralized application made?
Your virtual machine is capable of performing a wide range of operations required for smart contracts. These operations include analyzing incoming messages, managing persistent data, and creating new messages. This architecture enables high transaction volume processing and scalability, supporting Toon’s goal of supporting billions of users and developers on its decentralized network.What is Ton Network (TON)? Everything about the Telegram blockchain
What are your blockchain applications?
According to its unique features, Blockchain Ton has a variety of applications in the world of technology and finance. Here are some of the most important things to use:
Fast and low-cost payments
The high speed and low transaction fees on the Toon network make this platform an ideal choice for small and large transactions and decentralized applications. Also, high fees are one of the major barriers to widespread user adoption of blockchains like Ethereum.
In this way, the small fees of your network make users more willing to join the ecosystem of this network. On the other hand, developers will have a better incentive to develop their projects and software on your blockchain.
Decentralized Finance (DeFi)
Tone’s smart contracts platform enables the development of decentralized applications (dApps) in the field of DeFi. These applications include decentralized exchanges, lending platforms and other innovative financial services.
Since the end of 2023, the Toon network has seen significant exponential growth in its ecosystem thanks to the expansion of Telegram mini-apps, which are decentralized applications on the To blockchain. Various game dapps to earn money, decentralized exchanges and other projects have been launched by developers in this ecosystem. What is Ton Network (TON)? Everything about the Telegram blockchain
Games and entertainment
Tone is a suitable platform for developing blockchain games and entertainment applications. This network owes a large part of its ecosystem growth to the Tap to Earn projects that flourished with the Notcoin game. This new trend reached its peak with the Hamster Kombat game.
By mid-2024, several hundred million users were attracted to your ecosystem through Tap to Arena airdrops. This is a rare record in the history of digital currencies. Hamster Combat alone has attracted nearly 300 million users by the end of July 2024.
Decentralized social networks or SocialFi
Considering your connection with Telegram, this platform has a high potential for the development of decentralized social networks. This can include content sharing platforms, user reward systems and communication tools.
Read more: What is SocialFi? The combination of DiFi and social networks
Decentralized data storage
TON Storage is a file sharing and decentralized data storage solution. It works similarly to Internet-based peer-to-peer (P2P) file sharing, but uses your blockchain network to transfer data files of any size.
NFTs
Your platform supports the creation and exchange of NFT tokens. Due to the high speed and low fees of transactions in the Toon blockchain, the development of NFTs can make good progress in this network. Markets like Fragment, which was launched to buy and sell usernames and Telegram phone numbers, have caused the growth of the NFT market in this ecosystem.
Features of your network
Tone Blockchain has unique features that set it apart from other blockchain platforms. In the following, we will examine some of the most important features:
Adaptable multi-chain architecture
Tone uses a flexible and unlimited multi-chain architecture. This system groups individual chains into shard chains with a bottom-up approach. This structure enables intra-chain and inter-chain interaction and facilitates parallel processing of transactions in multiple chains.
Send asynchronous messages
Asynchronous messaging makes it possible for transactions and messages to be exchanged across the network without the need for synchronous processing. This capability is critical for scalability, as it allows transactions to be processed independently and in parallel.
Hyper-Cube routing mechanism
Tone uses the Hypercube routing mechanism to efficiently route messages between shard chains. This system minimizes latency and maximizes throughput by ensuring that messages can take the shortest possible path through a complex network structure.What is Ton Network (TON)? Everything about the Telegram blockchain
Interbank transactions
One of the outstanding features of Tone is its ability to efficiently manage transactions between shards. These types of transactions, which include data exchange between different shards, are necessary to maintain high throughput and network scalability.
Scalability through dynamic sharding
Dynamic sharding allows your network to automatically adapt to changes in network load. This flexibility ensures that the network can scale efficiently and maintain high performance regardless of the volume of transactions.
Low transaction fees
Due to its efficient architecture and proof-of-stake consensus mechanism, Toon is able to keep transaction fees very low. This makes it more economical for users to use the network and enables micro-transactions (e.g. everyday payments).
Environmentally friendly
Ton’s proof-of-stake consensus mechanism significantly reduces network energy consumption. This has made your blockchain an environmentally friendly blockchain.
Ability to develop smart contracts
Tone Virtual Machine (TVM) enables the execution of complex smart contracts. This feature enables developers to build a variety of decentralized applications on the Tone platform.
Integration with Telegram
One of the most important features of your blockchain is its integration with Telegram messenger. This integration significantly increases the potential for mass adoption of TON and enables millions of Telegram users to easily access decentralized financial services.
The integration of an innovative blockchain like the Toon network with Telegram’s large user base creates a huge potential globally that can move records in the history of digital currencies. In the first half of 2024, we saw the release of a part of this potential with the hype of Tap to Arena games.What is Ton Network (TON)? Everything about the Telegram blockchain
Your blockchain history
The idea of Blockchain Tone started in 2018, when Telegram, under the management of Pavel Durov, decided to create a blockchain platform that could be integrated with its messaging service. His goal was to create secure, fast and scalable applications.
In January 2018, Telegram published the Telegram Open Network (TON) white paper. This ambitious project was intended to provide a range of services, including a decentralized DNS system, a virtual private network (VPN), and a platform for decentralized applications (dApps).
Tone gained a lot of attention in early 2018 through an initial coin offering (ICO), raising around $1.7 billion. It was one of the most successful ICOs in cryptocurrency history.
Your separation from Telegram
In October 2019, the Toon Blockchain Project faced its first major challenge. The US Securities and Exchange Commission (SEC) filed a lawsuit against Telegram, claiming that the initial offering of your coin was the sale of an unregistered security.
In response to the SEC’s legal action, Telegram agreed to delay the launch of Tone. Finally, in May 2020, Telegram decided to abandon the project. Pavel Durov returned the capital to the investors and reached an agreement with the US Securities and Exchange Commission.
The formation of your community of developers
However, this was not the end of the road for Toon. The community of developers continued to independently develop Tun, which was an open-source project. By late 2020, the project had fallen into the hands of a community of decentralized developers and enthusiasts determined to continue the original vision of a scalable and efficient blockchain platform.
During 2021 and 2022, the Tun community made significant progress in improving its network architecture, implementing dynamic sharding, and upgrading its proof-of-stake consensus mechanism. These efforts led to the launch of various decentralized applications and services based on the Tone platform, demonstrating its capabilities in areas such as DeFi, data storage, and tokenization.
Your blockchain and Telegram
Although Telegram is no longer officially involved in the development of the Toon blockchain, it continues to support the platform. In September 2023, Telegram integrated the TON-based non-trust wallet (TON Space) into its messaging platform, which at the time had more than 800 million monthly active users.
In March 2024, Telegram introduced an advertising revenue sharing system for channel owners, which is paid exclusively with TonCoin, and includes a 50:50 revenue split between the platform and channel operators.
These developments show that despite the initial challenges, Toon has been able to continue its growth and development and even maintain its connection with Telegram. Today, Toon is recognized as an innovative and independent blockchain that has great potential for wide-ranging applications in the world of technology and finance.
An overview of your ecosystem
The Toon ecosystem consists of various components, each of which plays an important role in the performance and efficiency of this blockchain network. In the following, we will examine some of the most important components of this ecosystem:
TON DNS
The TON DNS system works similarly to a traditional domain name system on the Internet, but with a decentralized approach. This system allows domain names to be assigned to accounts, smart contracts and decentralized applications in the Toon ecosystem. This feature simplifies user interaction and allows them to use simple names to navigate the ecosystem instead of complex encrypted addresses.What is Ton Network (TON)? Everything about the Telegram blockchain
Tun Storge
TON Storage offers a decentralized file storage solution similar to services like Dropbox, but on a blockchain platform. The system supports off-chain storage of large data files and provides high transfer speeds and advanced data storage capabilities. TonStorge not only increases data durability, but also optimizes data retrieval and interaction within the Ton ecosystem.
proxy tone
TON Proxy acts as an anonymization layer in the TON network. This technology offers users privacy and security by hiding users’ IP addresses and providing a secure and private connection similar to VPN services. A proxy tone is very important and useful for protecting the identity of users and increasing the security of network interactions, especially in areas with severe Internet censorship.What is Ton Network (TON)? Everything about the Telegram blockchain
Your payments
TON’s internal payment system, known as TON Payments, uses TON Coin as the default currency. The system facilitates various types of transactions on the network, including transfers between Ton wallets, micropayments in decentralized applications, and payments for services such as TonDNS and TonProxy. Toon Payments makes payments in the Toon ecosystem smooth and flexible and facilitates its use for everyday financial operations. What is Ton Network (TON)? Everything about the Telegram blockchain
tone space
TON Space is a non-trusted wallet that is integrated with the Telegram app. Tonespace allows users to manage their digital assets directly on Telegram, ensuring that blockchain interactions are as simple as sending a message.
The user interface of this wallet is the same as the @wallet robot. By using this robot, users can easily use the Toonspace wallet facilities. This robot, which is also known as the Telegram wallet, can also pay with bank cards.
Tonspace wallet has limitations for Iranian users. Due to international sanctions against Iran, users residing in Iran cannot authenticate themselves in this wallet and cannot use its bank payment services. Also, there is a possibility of blocking the assets of Iranian users in this wallet.
Decentralized applications
Thon hosts a diverse range of DApps, ranging from DeFi to social media platforms. These programs benefit from high transaction speed and low fees, which makes them attractive to developers and users.
Among these applications, we can mention gaming platforms, non-currency token (NFT) markets, and DeFi products, all of which are integrated into the Toon ecosystem through Telegram mini-apps.
What is the digital currency Toncoin?
Toncoin (Toncoin) is the native digital currency of the Ton blockchain, which plays several roles in the ecosystem of this blockchain. Tokenomics ToonCoin is designed to support a robust and scalable network and has a supply cap of 5 billion tokens.
TonCoin’s economic model is designed to encourage participation and investment in the network. Validators, essential to the maintenance and security of the blockchain, are rewarded for their services with TonCoin. Also, users can receive additional rewards by depositing or staking their Toon Coin and contribute to the overall strength of the network. What is Ton Network (TON)? Everything about the Telegram blockchain
Applications of Tooncoin digital currency
Payment of transaction fees: Toon Coin is used to pay transaction fees on the Toon network.
Development of Decentralized Applications: Toncoin acts as network fuel to facilitate the operation and development of decentralized applications.
Paying for network services: users use TonCoin to use services such as data storage on the Ton Blockchain, TonDNS or TonProxy.
Governance: Toon Coin is used as the governance token for the Toon blockchain. Token holders can vote on proposals for the future of the network.
Depositing or staking: Investors can deposit their TonCoin to validate transactions on the network and receive rewards.
Advertising revenue sharing: Telegram has announced that it will share 50% of advertising revenue with channel owners, and these payments will be made on the Toon blockchain using Toon Coin.
Frequently asked questions
What is the connection between your network and Telegram?
The Toon blockchain was initially developed by the Telegram team, but Telegram withdrew from the project after a complaint by the US Securities and Exchange Commission. After that, Tun society took over its development independently. However, this network has maintained a close relationship with Telegram. Decentralized programs of your network run on Telegram.What is Ton Network (TON)? Everything about the Telegram blockchain
What are your blockchain applications?
Tone Network is an independent blockchain that allows the creation of smart contracts. This network is used for payment, decentralized finance, GameFi and SocialFi.
Conclusion
Blockchain Tone is an innovative and leading network in the crypto world. With a combination of unique features and advanced capabilities, this network has been able to establish a significant position in the ecosystem of digital currencies.What is Ton Network (TON)? Everything about the Telegram blockchain
Utilizing a multi-chain architecture, dynamic sharding, and a proof-of-stake consensus mechanism, Tone offers a solution to the scalability challenges faced by many other blockchains. These capabilities allow the Toon Blockchain to process millions of transactions per second while keeping transaction fees low.
The extensive Tone ecosystem, including components such as ToneDNS, ToneStorage, and TonePayments, paves the way for the development of a wide range of decentralized applications. From decentralized finance (DeFi) to gaming and non-traditional tokens (NFTs), Tone provides the perfect platform for innovation across multiple domains. What is Ton Network (TON)? Everything about the Telegram blockchain
One of the most important competitive advantages of Ton is its connection with the popular Telegram messenger. This integration creates a huge potential for the widespread adoption of blockchain technology among the hundreds of millions of Telegram users. Telegram’s recent statement about sharing advertising revenue using Toon Coin is an example of the real applications of this digital currency. What is Ton Network (TON)? Everything about the Telegram blockchain
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