The original TON development team is discontinuing its active involvement with the TON project due to reasons explained here. The efforts of the team have been redirected to other projects. Some of the internal development branches that have been in active development and testing may get integrated into the main branch. Some minor bugfixes and Github issue answers may occasionally appear if any of the members of the original team have the spare time and inclination to contribute to the community's efforts. The principal development of the TON code is transferred to the open source community.
🏁 Telegram team are discontinuing support of the test network of the TON Blockchain. Team validators will be switched off not later than 1.08.2020. Please save all relevant data and terminate your testing process. If you need to continue testing after this date, you can install your own testnet validators as explained here, here and here.
🌎 Back in the day, billions of dollars were attracted and a large community was formed to support the blockchain of the Telegram team. The platform was supposed to become one of the largest projects at the time, but the plans were not meant to be, and in May 2020, under the conditions of the settlement agreement with The United States Securities and Exchange Commission, Telegram was forced to abandon the development of the project and transfer it to the community.
Now the network called The Open Network (TON) is a whole ecosystem that will unite other blockchains, apps and services to create the new, decentralized and open Internet.
The new TON has already begun integration into Telegram using different apps and bots like @CryptoBot, @wallet and others. Moreover, the project has even been supported by Pavel Durov, one of the founders of the TON blockchain.
Starting today, we will publish in this channel the main news, useful services and apps based on The Open Network.
TON news in Russian can be found on @ruton.
Now the network called The Open Network (TON) is a whole ecosystem that will unite other blockchains, apps and services to create the new, decentralized and open Internet.
The new TON has already begun integration into Telegram using different apps and bots like @CryptoBot, @wallet and others. Moreover, the project has even been supported by Pavel Durov, one of the founders of the TON blockchain.
Starting today, we will publish in this channel the main news, useful services and apps based on The Open Network.
TON news in Russian can be found on @ruton.
⚡️Introducing tonscan.org
Explorer is one of the most important technical products for any blockchain that allows you to track transactions and balances of all addresses.
TON Scan is the new explorer for TON network, which is now used as the default on ton.org website. You can start integrating it into your own services.
🗂 TON Foundation address ›
In the near future, TON Scan will receive new updates including features to support NFTs and custom tokens. Stay tuned.
Explorer is one of the most important technical products for any blockchain that allows you to track transactions and balances of all addresses.
TON Scan is the new explorer for TON network, which is now used as the default on ton.org website. You can start integrating it into your own services.
🗂 TON Foundation address ›
In the near future, TON Scan will receive new updates including features to support NFTs and custom tokens. Stay tuned.
3 Reasons Why Bitcoin Will No Longer Be the #1 Сryptocurrency Soon
1. Degradation
Behind every good product there is a visionary who sets the direction for further development. You won't have to go far for examples – Ethereum has Buterin, Telegram has Durov, and Apple had Jobs, – after his resignation the company stopped taking risks and releasing innovative products, now the company is stagnating, despite its value.
We see a similar situation in Bitcoin: the lack of significant updates and a full-fledged development team. Enthusiasts are not rewarded in any way for their efforts, there is neither a development fund nor a program to support initiatives. All this leads to the fact that it's more interesting for developers to create products within other blockchains – and one of them is The Open Network.
2. Centralization
Another factor slowing down the development of large cryptocurrencies is the outdated PoW consensus – now it has become a big obstacle to scaling, as well as a reason for attacks from environmental activists and authorities in different countries.
The PoW algorithm also poses the greatest centralization risks. Industrial mining farms, just 5 of which already control most of Bitcoin network, will always be more vulnerable compared to hundreds and thousands of PoS validators that can be deployed on almost any device anywhere in the world, with minimal energy and maintenance costs.
TON blockchain was originally designed with PoS algorithm, and PoW mining is used here only as a method of initial emission distribution, which should be completed this summer.
3. Limitation
Furthermore, wrapped tokens are actively developing – so instead of using 10 different blockchains, you can transfer all coins to one fast and cheap blockchain, then send, receive and manage them in a single interface, paying fees in any coin, and if you wish, you can transfer coins back to the original blockchain. All this will become possible in TON in the near future, when the TON's extracurriencies and tokens service will be launched.
The market history is cyclical, and sooner or later the giants of the industry will retire, opening the way for new technologies. It's time for a new generation of blockchains.
1. Degradation
Behind every good product there is a visionary who sets the direction for further development. You won't have to go far for examples – Ethereum has Buterin, Telegram has Durov, and Apple had Jobs, – after his resignation the company stopped taking risks and releasing innovative products, now the company is stagnating, despite its value.
We see a similar situation in Bitcoin: the lack of significant updates and a full-fledged development team. Enthusiasts are not rewarded in any way for their efforts, there is neither a development fund nor a program to support initiatives. All this leads to the fact that it's more interesting for developers to create products within other blockchains – and one of them is The Open Network.
2. Centralization
Another factor slowing down the development of large cryptocurrencies is the outdated PoW consensus – now it has become a big obstacle to scaling, as well as a reason for attacks from environmental activists and authorities in different countries.
The PoW algorithm also poses the greatest centralization risks. Industrial mining farms, just 5 of which already control most of Bitcoin network, will always be more vulnerable compared to hundreds and thousands of PoS validators that can be deployed on almost any device anywhere in the world, with minimal energy and maintenance costs.
TON blockchain was originally designed with PoS algorithm, and PoW mining is used here only as a method of initial emission distribution, which should be completed this summer.
3. Limitation
Furthermore, wrapped tokens are actively developing – so instead of using 10 different blockchains, you can transfer all coins to one fast and cheap blockchain, then send, receive and manage them in a single interface, paying fees in any coin, and if you wish, you can transfer coins back to the original blockchain. All this will become possible in TON in the near future, when the TON's extracurriencies and tokens service will be launched.
The market history is cyclical, and sooner or later the giants of the industry will retire, opening the way for new technologies. It's time for a new generation of blockchains.
🗂 TON Scan keeps getting stronger and receives new features.
1. Each transaction now has its own page with a link. To get a link to the transaction, press 🔗 button on the page of any address.
2. Added a page with a list of all blocks and pages with details of each block in the blockchain.
1. Each transaction now has its own page with a link. To get a link to the transaction, press 🔗 button on the page of any address.
2. Added a page with a list of all blocks and pages with details of each block in the blockchain.
💸 The current situation in Eastern Europe once again proves the advantage of decentralized systems. Ordinary people are affected by the decisions of politicians who can devalue all their savings with one wrong action.
On the other hand, money is controlled by banks, which can freeze accounts at their discretion, as well as charge huge fees and impose other restrictions, that looks especially ridiculous in our digital age.
Fiat money is living out its last days, soon money will belong to people again. #BuyTON
On the other hand, money is controlled by banks, which can freeze accounts at their discretion, as well as charge huge fees and impose other restrictions, that looks especially ridiculous in our digital age.
Fiat money is living out its last days, soon money will belong to people again. #BuyTON
👾 We rarely talk about NFT on this channel. The reason for that is simple: 98% of the projects appeared before the release of the smart contract do not have any unique idea or interesting integration. We can find similar projects in other blockchains.
TON attains top-notch positions in everything from technology to marketing, and the NFT smart contract is no exception to that rule. The prospect of turning NFTs into something more inspired us to launch the world's first customizable NFTs.
📍 Read more at https://blog.ton.cat/rich-cats
TON attains top-notch positions in everything from technology to marketing, and the NFT smart contract is no exception to that rule. The prospect of turning NFTs into something more inspired us to launch the world's first customizable NFTs.
📍 Read more at https://blog.ton.cat/rich-cats
The Open Network
Rich Cats are the world's first customizable NFTs
Smart contracts for NFTs and tokens are expected to arrive in the next TON update. Specially for the occasion, together with the developers, we have described the structure of NFTs and how they operate. Today we will talk about NFT market – both in our network…
🧬 Guided by transparency principles, we decided to open source tonscan.org explorer, which has already become one of the most popular services in TON ecosystem due to its convenience and ease of use.
What else is new in this update:
— Button to view QR code on the page of any address,
— SCAM tags for addresses associated with fraud,
— Names for addresses belonging to popular services, new ones can be added by creating a pull requests.
What else is new in this update:
— Button to view QR code on the page of any address,
— SCAM tags for addresses associated with fraud,
— Names for addresses belonging to popular services, new ones can be added by creating a pull requests.
👨💻 New Era of DeFi · Developers have released smart contracts for tokens and NFTs, and shared details about their development.
Tokens in TON are built using a new architecture: they are fast, cheap, functional and super-scalable.
Read more here ›
Tokens in TON are built using a new architecture: they are fast, cheap, functional and super-scalable.
Read more here ›
The Open Network
TON Scalable DeFi
In 2015, the Ethereum blockchain saw the arrival of a new standard called ERC-20, allowing anyone to create their own tokens (cryptocurrencies) in the network. A few years later, in 2018, the ERC-721 standard was introduced for NFTs, which prove ownership…
🐬 @CryptoBot developers have launched a crypto exchange in Telegram.
Now you can trade TON/USDT by creating limit orders right in the bot.
Now you can trade TON/USDT by creating limit orders right in the bot.
Telegram
Crypto Bot
Use @CryptoBot to buy, sell, store, @send and pay with cryptocurrency right in Telegram.
🔥 The $250 million Toncoin Fund will be launched on April 11th to support teams developing WEB 3.0 projects based on TON.
@catchain
@catchain
toncoin.fund
TONcoin.Fund | Scaling TON-native projects
TONcoin.Fund is a $250M TON ecosystem fund that invests in strong teams with the vision to build on The Open Network
⚡️ Cameroon, Congo and the Democratic Republic of the Congo will implement TON blockchain and TON cryptocurrency at the state level. — link
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🌎 In the fight for the bigger piece of the pie, platforms that offer people all the demanded features in one place will always win – just as once the entire Internet was caught by social networks, and finances were taken by banking apps.
Currently, the cryptocurrency consists of thousands of fragmented projects, and only a few of them are able to unite the entire industry. News about the upcoming feature to transfer NFTs from other networks to TON confirms that the process has already begun.
In addition, the newly established Ecosystem Reserve Fund has received over $1,000,000,000 in just two weeks – these funds will be used to develop new services and partner with market leaders.
Currently, the cryptocurrency consists of thousands of fragmented projects, and only a few of them are able to unite the entire industry. News about the upcoming feature to transfer NFTs from other networks to TON confirms that the process has already begun.
In addition, the newly established Ecosystem Reserve Fund has received over $1,000,000,000 in just two weeks – these funds will be used to develop new services and partner with market leaders.
⚡️This week tonscan.org was updated — now you can see all NFTs belonging to any address as in this example.
We will enhance our cooperation with the Getgems marketplace to improve NFT functionality.
Tonscan is more than just a blockchain explorer — even if it's not always obvious at first sight. Big update coming soon.
@catchain
We will enhance our cooperation with the Getgems marketplace to improve NFT functionality.
Tonscan is more than just a blockchain explorer — even if it's not always obvious at first sight. Big update coming soon.
@catchain
👨💻 Many teams started launching their pools since the launch of the nominators smart contract, so we've updated the article about validators ›
1. To become a validator, you need to have at least 300,000 TON – this can be either personal funds or funds raised from nominators, but staking will not work until you have the right amount.
2. The validation process consists of 18-hour rounds, preceded by a 9-hour voting phase, then the stakes is frozen for another 9 hours.
3. There are more than 200 validators on the blockchain at the moment, and their number will grow in the future.
For ordinary users it's easier to send coins to the staking smart contract and earn up to 12% APY, this is the best way to store coins. Usually it is safer to store coins in a staking.
1. To become a validator, you need to have at least 300,000 TON – this can be either personal funds or funds raised from nominators, but staking will not work until you have the right amount.
2. The validation process consists of 18-hour rounds, preceded by a 9-hour voting phase, then the stakes is frozen for another 9 hours.
3. There are more than 200 validators on the blockchain at the moment, and their number will grow in the future.
For ordinary users it's easier to send coins to the staking smart contract and earn up to 12% APY, this is the best way to store coins. Usually it is safer to store coins in a staking.
The Open Network
How to Validate the Blockchain
Validator maintains the blockchain, stores its copies and confirms new transactions using its own servers and providing his work round-the-clock. TON blockchain inflation is 0.6% per year from the total emission – new coins issued by the blockchain annually.…
👨💻There was an important update to tonscan.org today — now it works with the indexer.
Transactions are now loaded instantly, links have been shortened. After the update each transaction displays the status and additional technical information, this is especially true during the active development phase. Also now you can search transaction by its hash.
Check it out with domain auction tx: https://tonscan.org/tx/32om1OldiwSMCD2HXzJHca-Mu73OOwiA1qntovE4h_s=
@catchain
Transactions are now loaded instantly, links have been shortened. After the update each transaction displays the status and additional technical information, this is especially true during the active development phase. Also now you can search transaction by its hash.
Check it out with domain auction tx: https://tonscan.org/tx/32om1OldiwSMCD2HXzJHca-Mu73OOwiA1qntovE4h_s=
@catchain
tonscan.org
32om1O...E4h_s= · Transaction
Explore transaction involving multiple actions at Jul 30, 2022, 09:00 AM UTC.