Introduction of Toncoin (TON):
The Open Network (TON) is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It is a fast, secure and scalable blockchain and network project, capable of handling millions of transactions per second if necessary, and both user-friendly and service provider-friendly.
TON is used to make deposits required to become a validator; transaction fees, gas payments (i.e., smart-contract message processing fees) and persistent storage payments are also usually collected in TON coins.
TON market cap and supply:
The current with a live market cap of $1,625,462,315 USD. It has a circulating supply of 1,221,401,181 TON coins and a max supply of 5,000,000,000 TON coins.
The backbone of The Open Network is a scalable multi-blockchain that is designed to process millions of transactions within seconds. It uses the Proof-of-Stake consensus and can contain up to 2⁹² accompanying blockchains.
TON Payments is a platform for micropayments and a micropayment channel network. It can be used for instant off-chain value transfers between users, bots, and other services. Safeguards built into the system ensure that these transfers are as secure as on-chain transactions.
TON Proxy is a network proxy/anonymizer layer for TON nodes. Similar to I2P, it allows building decentralized VPN services and blockchain-based TOR alternatives to achieve anonymity and protect online privacy. Combined with the TON P2P Network and TON DNS, TON Proxy gives decentralized apps immunity to censorship.
TON DNS makes blockchain mainstream by assigning human-readable names to accounts, smart contracts, services and network nodes. With TON DNS browsing blockchain becomes similar to surfing the World Wide Web.
TON Storage is a distributed file-storage technology accessible through the TON P2P Network. Think a better version of Dropbox for simplicity. This torrent-like technology relies on smart contracts for availability and has a strong potential with regard to storing and exchanging large amounts of data.
TON Services provides a versatile platform for third-party services. It enables smartphone-like friendly interfaces for decentralized apps and smart contracts, as well as a World Wide Web-like decentralized browsing experience. TON provides a searchable registry of decentralized services and applications.
Toncoin (TON) website：https://ton.org/
Toncoin (TON) whitepaper：https://ton.org/whitepaper.pdf