The Open Network (previously Telegram Open Network as TON) is a decentralized computer network consisting of a layer-1 blockchain with various components. TON was originally developed by Nikolai Durov who is also known for his role in creating the messaging platform, Telegram. Telegram had planned to use TON to launch its own cryptocurrency (Gram), but was forced to abandon the project in 2020 following an injunction by US regulators. The network was then renamed and independent developers have created their own cryptocurrencies and applications using TON. Toncoin, the principal token of The Open Network is deeply integrated into the Telegram messaging app, used for paying rewards to creators and developers, buying Telegram ads,hosting giveaways or purchasing services such as Telegram Premium.
