LIVEI closely monitor the TON network. 💎
It appears that on April 19, TON Network will make an announcement, but what exactly is TON Network?
This cutting-edge, community-driven blockchain, also known as Telegram Open Network (TON), has a lot to offer.
Telegram created TON in order to sign up billions of users and facilitate quick, inexpensive, and energy-efficient blockchain transactions. Regular users are the target audience for many of its features. TON uses a proof-of-stake (PoS) mechanism and offers low fees, ultra-fast transactions, and easy-to-use applications. Its environmental impact is also minimal.
The native token of the blockchain that powers the TON network, toncoin, is usable for a variety of activities across the network. In DApps, it's also used as payment. With its cross-chain interoperability features, the TON blockchain network promises high scalability. The market value of toncoin is estimated to be around 21.4 billion dollars, with a total supply of 5.1 billion. At the moment, it is trading at $6.16.
Processing millions of transactions in a second, TON boasts a scalable architecture. It functions inside a safe framework to facilitate communication between blockchains. It is an open, decentralized internet platform that gives users autonomy.
Through its connection of 800 million Telegram users to the cryptocurrency world, it offers access to a vast user base. Because of its cheap transaction costs, users find it appealing.
The TON ecosystem has a range of applications.
Social media, games, NFTs, DeFi protocols, wallets, and decentralized exchanges (DEXs). Decentralized apps (dApps), smart contract execution, and governance participation are all possible with Toncoin.
