Overview
The Open Network (TON) is a fast, secure and scalable blockchain platform developed by the Telegram team. TON aims to process millions of transactions per second and provide a user-friendly experience for users and service providers. It combines blockchain, peer-to-peer network, distributed storage and service hosting technologies, and is committed to becoming a huge distributed supercomputer or "super server" for hosting various services.
Underlying principles and consensus mechanism
The TON blockchain uses a multi-blockchain architecture, including the main chain, work chain, and shard chain, to achieve high scalability and performance. The main consensus mechanism is Proof of Stake (PoS) combined with the Byzantine Fault Tolerance (BFT) protocol to ensure fast consensus and block generation.
• Proof of Stake (PoS): Validators need to stake TON coins to participate in block verification to ensure the security and consistency of the system.
• Byzantine Fault Tolerance (BFT) protocol: used to quickly reach consensus and improve the system’s fault tolerance and stability.
Features of TON Network
1. High scalability: TON adopts a multi-blockchain architecture, and through the combination of the main chain, work chain and shard chain, it has achieved the processing capacity of millions of transactions per second.
2. Self-healing mechanism: TON’s vertical blockchain mechanism can correct erroneous blocks and ensure the consistency and reliability of the blockchain.
3. Fast message delivery: Instant Hypercube routing technology enables fast message delivery and processing, reducing network latency.
4. Distributed file storage: TON storage technology allows distributed storage and access to blockchain data, as well as arbitrary file storage for users and services.
5. Network Proxy and Anonymization: TON Proxy hides the identity and IP address of the nodes, improving the privacy and security of the network.
6. Distributed Hash Table (DHT): used for service location, storage tracking and proxy tunnel location.
Comparison with Ethereum and Solana
TON vs Ethereum 2.0:
• Consensus mechanism: TON adopts PoS and BFT protocols, while Ethereum 2.0 adopts Casper PoS and sharding technology.
• Architecture: TON uses a multi-blockchain architecture, including the main chain, work chain and shard chain; Ethereum 2.0 is expanded through shard chains.
• Performance: TON processes millions of transactions per second and is suitable for large-scale applications; Ethereum 2.0 improves processing power through sharding, but the transition process is complicated.
TON vs Solana：
• Consensus mechanism: TON uses PoS and BFT protocols, while Solana adopts Tower BFT and PoH (Proof of History).
• Architecture: TON is a multi-blockchain architecture, while Solana is a single blockchain architecture.
• Performance: TON has higher scalability and can process millions of transactions per second; Solana is optimized for high-frequency trading and can process 65,000 transactions per second.
Applications of TON Network
1. Smart contracts and decentralized applications (DApps): TON supports Turing-complete smart contracts, and developers can create and deploy various DApps.
2. Distributed storage: TON storage technology allows users to store and access any file, improving data security and availability.
3. Payments and micropayments: The TON payment platform supports micropayments and a network of payment channels to enable fast off-chain value transfer.
4. Service hosting: The TON Service Platform provides services through formalized interfaces and persistent service entry points, similar to traditional cloud services.
in conclusion
The Open Network (TON) is an innovative and high-performance blockchain platform with remarkable scalability and reliability. Through multi-blockchain architecture, PoS and BFT consensus mechanisms, and distributed storage and service hosting technologies, TON has significant advantages in processing capabilities, data security, and service provision. Compared with Ethereum 2.0 and Solana, TON performs well in terms of performance and scalability and is an important player in future blockchain technology.
This article is translated by SlerfTools. Please indicate the source when reprinting.
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