I follow TON network closely. 💎
It looks like TON Network will make an announcement on April 19, but what is TON Network?
Also known as Telegram Open Network (TON), it is an innovative community-driven blockchain with a lot to offer.
TON was developed by Telegram to enroll billions of users and enable fast, affordable and efficient blockchain transactions in terms of energy usage. Its features are designed with regular users in mind. TON works on proof-of-stake (PoS) mechanism and provides simple-to-use applications, ultra-fast transactions and low fees. It also has a low impact on the environment.
Toncoin, the native token of the blockchain on which the TON network operates, can be used for various purposes throughout the TON network. It is also used as payment in DApps. TON is a blockchain network equipped with cross-chain interoperability features that promises high scalability. Toncoin's total supply is 5.1 billion and its market value is around 21.4 billion dollars. It is currently trading at $6.16.
TON can process millions of transactions per second and has a scalable structure. It provides interaction between blockchains by working in a secure framework. It is a decentralized and open internet platform, offering users freedom and control.
It provides access to a large user base by connecting 800 million Telegram users to the world of cryptocurrency. It becomes attractive to users with its low transaction fees.
TON ecosystem includes various applications:
Wallets, DeFi protocols, decentralized exchanges (DEXs), games, NFTs and social media. Toncoin can be used to execute smart contracts, use decentralized applications (dApps) and participate in governance.
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