Toncoin is TON's native cryptocurrency. It is used for network operations, transactions, games or collectibles built on TON.
The Open Network (TON) is a decentralized and open internet platform comprising several components. These include TON Blockchain, TON DNS, TON Storage, TON Sites, and TON Proxy. TON Blockchain is the core protocol connecting TON’s underlying infrastructure to form the greater TON Ecosystem.
TON focuses on achieving widespread cross-chain interoperability while operating within a highly scalable and secure framework. It aims to process millions of transactions per second and eventually reach hundreds of millions of users.
TON Blockchain, designed as a distributed supercomputer, serves as the heart of TON. It aims to provide various products and services that contribute to developing the decentralized vision for the new internet.
- November 2019: The Telegram Open Network (TON) testnet2 is launched, with 5 billion coins minted. A small fraction, equivalent to 1.45% of the supply, is allocated to developers and testers.
- May 2020: After the SEC prohibited Telegram from issuing Grams to investors, Telegram ceased its work on the TON Ecosystem. testnet2 tokens are placed into 20 Proof-of-Work Giver smart contracts.
- May 2021: Testnet2 was promoted to mainnet through a majority vote of network participants. Coins are still being distributed through Proof-of-Work Giver contracts.
- June 2022: Following the initial distribution of coins, TON enters into a new phase, expanding the number of validators and coins involved in validation. This advancement enhances the stability and security of the networ