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Information about Toncoin (TON)
Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by messaging platform Telegram. The project was later abandoned, taken over by the TON Foundation, and renamed from “Telegram Open Network” to “The Open Network”.
Project developers want to build an ecosystem: decentralized hosting, decentralized services, domain name system (DNS equivalent), anonymous network, instant payment platform, and transaction processing Fast translation at a low price.
The Open Network (TON) is a fast, secure and scalable blockchain project capable of handling up to millions of transactions per second (TPS), at the same time, friendly to both users and service providers.
TON is a native token, designed to power the ecosystem. TON is used to:
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