What is The Open Network?
TON, or The Open Network, is a Layer 1 blockchain that uses the Proof of Stake (PoS) consensus mechanism to optimize user experience by processing transactions quickly and with low fees. Launched in 2018 by the team behind the messaging app Telegram, TON's goal is to drive mass adoption of cryptocurrency by bringing convenience and ease of use to everyone. People.
In addition, TON is also a blockchain platform developed to provide a unique Web3 experience for users, including DeFi, DApp, DAO, and many other applications. Currently, developers in the TON community are working closely with the TON Foundation to build a powerful Web3 ecosystem, with the goal of supporting Telegram's more than 700 million users worldwide.
