TON COIN Explained: Everything You Need To Know Before Investing by Founder Jack Booth

**The Open Network (TON)** is a decentralized blockchain platform originally developed by **Telegram** in **2018** to create a fast, scalable, and user-friendly ecosystem for decentralized applications and services. After regulatory challenges, Telegram handed the project to the open-source community, which continues its development. ### Key Features: 1. **High Scalability**: Utilizes a **multi-blockchain architecture** with sharding technology, enabling millions of transactions per second (TPS). 2. **TON Coin**: The native cryptocurrency used for transaction fees, staking, and other network activities. 3. **Decentralized Storage**: Offers a secure and scalable decentralized file storage solution. 4. **TON DNS**: Simplifies blockchain addresses by replacing complex strings with human-readable names. 5. **Fast Transactions**: Achieves near-instant transaction confirmations, making it ideal for real-time applications. 6. **Ecosystem Tools**: Includes TON Wallets, TON Payments (micropayments), and support for dApps. ### Use Cases: - **Payments**: Peer-to-peer payments and microtransactions. - **Decentralized Applications**: Supports a variety of dApps, including games and finance. - **File Storage**: Decentralized cloud storage for secure data management. - **Naming Service**: User-friendly domain names for blockchain addresses. ### Market Impact: TON aims to create an accessible and efficient blockchain ecosystem that bridges mainstream users with decentralized technologies. Its association with Telegram and its technical capabilities have made it a prominent platform in the blockchain space. Credit: ‎‎‎‎‎‎@UnchainedCrypto Full Podcast: https://youtu.be/PtGXruN_X2I?si=SdWTF9pe4WjCUo8Z We repurpose podcast clips to add value and share meaningful insights with audience. If you own the content and have any concerns or issues regarding the use of your video clips, please feel free to contact us for content removal request at teamsavansojitra@gmail.com We are committed to addressing your concerns promptly and respectfully.