Can TON actually issue unlimited tokens? I spent ten hours reading the entire white paper of TON and summarized 10 key points!
TON (The Open Network) is a blockchain project aimed at making digital transactions faster, more secure, and capable of handling a large volume of transactions.
Fast Processing: TON can process transactions extremely quickly, capable of handling millions of transactions per second if needed.
Multiple Currencies: In this system, not only can TON coins be used, but it can also handle various types of digital currencies.
Smart Contracts: TON supports smart contracts, which are codes that automatically execute the terms of a contract, applicable in various fields such as financial transactions, voting systems, etc.
Privacy Protection: TON provides a way for users to protect their privacy during transactions, similar to using a proxy server.
Decentralized Storage: TON also has a distributed storage system where users can securely store files, using technology similar to BitTorrent.
User-Friendly: TON is designed to allow average users to easily use blockchain technology, just as conveniently as using websites and mobile applications.
Network Structure: TON is not just a single blockchain but a network made up of many smaller blockchains, improving efficiency and speed.
Validators and Nominators: In TON, there are nodes called validators responsible for generating new blocks, while nominators are investors who support the validators.
Payment Channels: TON offers a technology called "payment channels", allowing users to transfer funds quickly and at low cost without conducting transactions directly on the blockchain.
Supply of TON Coins: The total supply of TON coins is limited, but it will gradually increase to reward validators who help maintain the network.
Overall, TON aims to create a blockchain network that is both fast and secure while capable of handling a large volume of transactions, providing privacy protection and user-friendly features. It's not easy to write this, so everyone please give a like as a reward.
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