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Sometimes, you just need to go back to basics.....
So here is a thread on #TON đź’Ž 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. đź’Ž
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Thanks for reading! We look forward to building the future with you.
Read the full article by @tonradarapp 🙏💙💎
blog.ton.org/what-is-ton-a-beginners-guide-to-the-open-network
TON đź’Ž
@ton_blockchain
Inherited from Telegram, the TON blockchain is designed to onboard billions of users. It boasts ultra-fast transactions, low fees, and easy-to-use native apps.