The TON public chain has developed extremely rapidly in the past 24 years. After NOT was listed, TON spot was also listed, which further illustrates the importance of this main network.
Project Analysis
TON is a blockchain technology with a multi-level architecture that achieves high efficiency and scalability through the principle of sharding. Its main features include:
Multi-level structure: TON's architecture consists of a main chain, a working chain, and a shard chain, and adopts a "blockchain in a blockchain" design.
Sharding function: By using multiple subnets in the same network, each shard has a specific purpose, which optimizes the transaction processing speed and reduces the accumulation of unverified blocks
Super fast transaction speed: Due to the efficient communication between different shards, the TON network is able to achieve extremely high transactions per second (TPS) and fast transaction verification time.
Toncoin is the native token of the TON network, with the following features and use cases
Supply: The circulating supply of Toncoin is 2.519 billion, and the maximum supply is 5.11 billion
Ecosystem fuel: Toncoin serves as the fuel of the TON ecosystem, supporting the operation of various applications and services
Fee payment
Transaction processing fee: Fees that users need to pay when using decentralized applications
Cross-chain transaction fee: Fees when transacting between different blockchains
Staking payment: Staking fees used to protect blockchains and their services
Decentralized data storage: Fees for data storage in the TON network
Validation fee: Fees for validating blocks are paid in Toncoin
Governance participation: Toncoin can also be used by users to participate in voting on TON governance plans, influencing the decision-making and development of the network
TON's design makes it highly competitive in the blockchain field, especially in terms of scalability and user experience
TON's diverse use cases and governance functions make it play an important role in the TON network, helping to promote the development and expansion of the ecosystem
