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TON (Telegram Open Network)
TON (Telegram Open Network) is a decentralized blockchain platform developed by Telegram, a popular messaging app. Here's an overview:
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History of TON
1. 2018: Telegram announces TON and conducts a private ICO, raising $1.7 billion.
2. 2019: TON testnet launches, allowing developers to experiment with the network.
3. 2020: TON mainnet launch is delayed due to regulatory issues with the SEC (US Securities and Exchange Commission).
4. 2020: Telegram abandons TON due to regulatory pressure, but the community continues to develop the project.
5. 2021: The TON Foundation takes over the project, rebranding it as Toncoin.
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Scalability
TON uses a unique consensus algorithm called "Infinite Sharding," allowing for high scalability and fast transaction processing.
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Multi Blockchain - Architecture
TON consists of multiple blockchains, each with its own specific purpose (e.g., one for payments, another for smart contracts).
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Telegram Integration
TON is designed to integrate seamlessly with Telegram, enabling users to access blockchain features directly within the messaging app.
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User Friendly
TON aims to provide an intuitive and user-friendly experience, making blockchain technology more accessible to a broader audience.
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Flexible Smart Contract
TON's smart contract platform, called "TON Virtual Machine" (TVM), allows for flexible and customizable contract execution.
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