$TON

The Open Network (TON) is a scalable multi-blockchain network capable of processing millions of transactions per second. TON is the name and ticker symbol of The Open Network's native governance and utility token.

The Open Network focuses on solving scalability and interoperability issues through the network's multi-blockchain architecture.

The TON blockchain is a collection of blockchains consisting of a masterchain, up to 232 workchains, and up to 260 shardchains. The TON masterchain is the main blockchain with all the information about the current protocol and parameters. The workchain is the blockchain that processes smart contract transactions. These workchains are further divided into shards. Through these shards, TON will instantly transfer messages between any two blockchains, regardless of network size, to quickly achieve scalability. Additionally, to combat security issues and maintain decentralization,

#TON uses a proof-of-stake consensus mechanism and allows validators to add new blocks on top of any invalidated blocks to avoid unnecessary forks.

The TON ecosystem includes blockchain products such as decentralized storage, blockchain naming systems, micropayment platforms, and other decentralized services. TON is used in several use cases in this ecosystem, such as earning validator rewards and liquidity mining, voting on protocol proposals, and paying for TON products.