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Sometimes, you just need to go back to basics.....

 So here is a thread on #TON 💎 On rough, but unmistakable diamonds

A beginner’s guide to The Open Network👇🧵

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TON, short for The Open Network, is a decentralized computer network built on blockchain.

Initially developed by the @telegram team, it aims to be robust & scalable.

Launched in 2018, it came to a temporary pause before resuming under the TON Foundation as The Open Network.

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Similar to popular networks like #Ethereum and #Solana, TON is a Layer 1 blockchain using #PoS (proof-of-stake) consensus.

Validators secure the network by staking #Toncoin ( $TON ) and are rewarded for their participation.

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The $TON ecosystem is designed to serve millions of users.

#TON focuses on efficiency, speed, and scalability for a user-friendly experience.

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How does TON work?

It operates on a multi-layered structure comprising masterchain, workchains, and shardchains.

Masterchain coordinates and manages validators and assets, while workchains are independent blockchains supporting smart contracts and #dApps.

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The TON Virtual Machine (#TVM) ensures secure & consistent execution of #smartcontracts across nodes.

With a Byzantine Fault Tolerant (#BFT) mechanism called the Block-Proof of Stake (BPoS) consensus, $TON requires a supermajority of honest validators for confirmation.

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To achieve scalability, #TON employs sharding; workchains split into shardchains for parallel transaction processing.

A flexible design allows developers to build diverse #dApps, from #DeFi to gaming and social media, serving various needs.

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One exciting aspect of #TON is its interoperability and cross-chain communication.

This means seamless asset transfers and transaction execution across various chains within the $TON network, creating a vibrant ecosystem for #dApps & users.

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Speed and efficiency are TON's strengths, thanks to sharding, parallel processing, and the BPoS consensus.

This ensures fast confirmation times, critical for real-world applications and handling a high volume of transactions.

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TON takes decentralization and security seriously.

By leveraging robust consensus mechanisms and #cryptographic techniques, validator nodes distributed across the network achieve resilience against attacks and censorship.

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TON Wallets: Store, manage, and transact with Toncoin $TON in secure wallets.

Choose between non-custodial options like @tonkeeper, Tonhub, and TON Wallet, or use the custodial @wallet_tg integrated into Telegram.

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TON Storage: A decentralized solution for storing data on the blockchain.

Enjoy private #encryption using your wallet's private key for added security.

Say goodbye to centralized storage!

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TON Sites: Launch your websites on the #TON network with #decentralized, secure, and reliable hosting.

Connect with a global audience without compromising on security.

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TON WWW: The gateway to a world of web pages and services on the #TON network.

Discover a decentralized browsing experience with TON Proxy and #TON Sites.

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TON Proxy: Combat censorship and access #dApps effortlessly with #TON Proxy.

Seamlessly connect to the $TON network, ensuring a free and open internet for all.

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Smart Contracts: #TON utilizes smart contracts for faster transaction processing.

All smart contracts on the TON blockchain are executed by the #TON Virtual Machine (TVM).

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TON DNS: Simplify addressing and accessibility on the #TON network.

TON DNS makes #crypto wallets, accounts, #smartcontracts, and other services user-friendly.

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Ton Bridge: Seamlessly transfer $TON coins between @BNBCHAIN, #Ethereum, and The Open Network.

Enjoy the freedom of cross-chain asset movement.

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The journey hasn't been without challenges, but TON has inspired innovation in the blockchain industry, nurturing the growth of a variety of #dApps & services.

Different projects & communities continue to explore TON tech, building upon its principles. 💎

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Thanks for reading! We look forward to building the future with you.

Read the full article by @tonradarapp 🙏💙💎

https://blog.ton.org/what-is-ton-a-beginners-guide-to-the-open-network

A Beginner's Guide to TON: The Open Network

TAKE NOTE DEVS!

💎We launched the TWA Challenge on June 8th! 😎

There is still time to create exceptional @telegram Web Applications based on #TON.

Get your coding gears on and dive into one of five exciting tracks: Games, Entertainment, Finance, #NFT, or Social.

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To help you ace this challenge, we've curated a treasure trove of resources.

This includes a TWA repository, Web Apps for Bots, and @Figma - all filled with essential tools, component libraries, documentation, and tutorials.

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💎 TWA repository: Your toolbox to build the next big TWA
💎 Web Apps for Bots: Boost your bot with powerful web apps
💎 Figma: Design like a pro

 Empower your development journey!

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Submit your project name, prototype, @github repo, and optional presentation to https://t.me/toncontests_bot by July 27th!

Remember, we value open-source contributions, so make your repository public after the end of the contest 📚

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Our judges will evaluate your project based on the uniqueness of your TWA idea, your prototype's functionality, the presence of an open-source code repository, and the optional presentation.

Let your innovation shine bright like a crystal!

💡

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The top 6 TWA projects across all tracks will share a prize pool of $60,000 in $TON cryptocurrency! 💸

Whether you're a solo developer or a team, multiple TWA projects within the same track have the chance to win!🧠

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P.S. We value your feedback on our TWA documentation.

The best contributors will be recognized at the end of the contest.

Make a difference by sharing your insights!

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So, get ready to bring your A-game and good luck with your TWA creations! 🫰

👉https://t.me/toncontests/120

Join the TWA Challenge and Build Exceptional Web Applications with Telegram

#TON is for building & for builders💎

Here is an update on grant receivers for Q1 👇

The TON Grants Program received numerous quality applications, and we're thrilled to be able to support these five promising projects.

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@BitOK_org

A platform that helps #crypto businesses, traders, and investors navigate #AML and tax issues in a one-stop-shop solution.

https://bitok.org/

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@openmask_wallet

For the implementation of Ledger hardware wallet support for the OpenMask browser extension wallet.

https://t.me/openproduct

https://www.openmask.app/

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@fair_journal

A #decentralized blogging platform for authors to publish without censorship, attract readers to the TON ecosystem, and receive support through #TON donations and #NFT sales.

https://t.me/fair_journal_en

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@symbiosis_fi

A cross-chain AMM #DEX and interchain communication protocol that provides a simple UX, is fully decentralized, interoperable, and non-custodial, with limitless cross-chain liquidity.

https://t.me/symbiosis_announcements

https://symbiosis.finance/

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TonCap => https://t.me/tonmarketca

A team of developers dedicated to enhancing #jetton analytics and developing various locking contracts that provide a transparent and trustworthy way for jettons to be locked securely.

https://toncap.net/

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Big thanks to all Q1 Round 1 grant applicants for their contributions to the TON ecosystem.

This round is closed now, but we welcome proposals for future rounds opening in Q2.

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Stay tuned for updates on the TON Grants Program!

You can read the unrolled version of this thread here: https://typefully.com/ton_blockchain/05YTqPq