TON：Telegram 的區塊鏈革命憑藉加密錢包和廣告平台重生

2018 年，Telegram 執行長 Pavel Durov 推出了 Telegram 開放網路（TON），作為一個去中心化區塊鏈平台，旨在增強 Telegram 通訊工具的隱私和安全性。 TON 的設計強調靈活性、速度和成本效益，具有分片、自我修復機制和自己的虛擬機器。雖然私人 ICO 籌集了 17 億美元，但 Telegram 由於法律糾紛於 2020 年終止了 TON 計畫。 2023 年，Telegram 推出了基於 TON 的加密錢包，並授予專案優先存取其廣告平台的權限，導致 Toncoin 的價格飆升。

The Genesis of Telegram Open Network (TON): A Paradigm Shift in Blockchain Architecture

Telegram 開放網路 (TON) 的起源：區塊鏈架構的典範轉移

In 2018, Pavel Durov, the visionary behind Telegram, unveiled a groundbreaking white paper outlining the genesis of Telegram Open Network (TON). TON was conceived as a decentralized platform that would revolutionize the messaging landscape, providing an unprecedented level of anonymity, security, and scalability.

2018 年，Telegram 背後的遠見卓識者 Pavel Durov 發布了一份開創性的白皮書，概述了 Telegram 開放網路 (TON) 的起源。 TON 被認為是一個去中心化平台，它將徹底改變訊息傳遞領域，提供前所未有的匿名性、安全性和可擴展性。

Design Principles: Flexibility, Speed, and Cost-Effectiveness

設計原則：靈活性、速度和成本效益

The TON blockchain network was meticulously engineered with a focus on three fundamental principles: flexibility, speed, and cost-effectiveness. These attributes were deemed crucial for attracting millions of users and facilitating seamless integration with messaging applications, which require lightweight functionality. To achieve these goals, TON's developers implemented a consensus algorithm that prioritized speed and scalability, along with sharding and a virtual machine (TVM) to enhance performance.

TON 區塊鏈網路經過精心設計，重點在於三個基本原則：靈活性、速度和成本效益。這些屬性被認為對於吸引數百萬用戶並促進與需要輕量級功能的訊息應用程式的無縫整合至關重要。為了實現這些目標，TON 的開發人員實作了一種優先考慮速度和可擴展性的共識演算法，並採用分片和虛擬機器 (TVM) 來提高效能。

Unique Features of Telegram Open Network

Telegram 開放網路的獨特功能

Among its many distinctive features, TON boasted shard chains, a self-healing mechanism, decentralized data storage, a domain name service, a TON virtual machine, and robust built-in privacy tools. The project's native cryptocurrency, Gram (GRM), played a vital role in facilitating settlements and commission payments within the TON ecosystem.

TON 擁有許多獨特功能，其中包括分片鏈、自我修復機制、去中心化資料儲存、網域服務、TON 虛擬機器和強大的內建隱私工具。該專案的原生加密貨幣 Gram (GRM) 在促進 TON 生態系統內的結算和佣金支付方面發揮了至關重要的作用。

The Initial Coin Offering and Regulatory Challenges

首次代幣發行與監管挑戰

To finance the development and launch of TON, Telegram conducted a private initial coin offering (ICO) in February and March 2018. The ICO met with resounding success, raising a staggering $1.7 billion from investors and selling approximately 44% of the total token issuance.

為了資助TON 的開發和推出，Telegram 於2018 年2 月和3 月進行了私募首次代幣發行(ICO)。此次ICO 取得了巨大成功，從投資者那裡籌集了驚人的17 億美元，並出售了代幣發行總量的約44%。

However, Telegram's plans for TON were met with a significant roadblock in 2020. Following a legal battle with the U.S. Securities and Exchange Commission (SEC), which alleged that the company had violated securities laws by failing to register its Gram token with the regulatory agency, Telegram was forced to terminate its development of the TON blockchain.

然而，Telegram 的TON 計劃在2020 年遇到了重大障礙。在與美國證券交易委員會(SEC) 發生法律糾紛後，美國證券交易委員會(SEC) 指控該公司未能向監管機構註冊其Gram 代幣，從而違反了證券法，Telegram 被迫終止 TON 區塊鏈的開發。

Revival of TON: Crypto Wallet and Advertising Platform

TON 的復興：加密皮夾與廣告平台

In September 2023, Telegram reignited its blockchain endeavors with the introduction of its long-awaited crypto wallet, seamlessly integrated with the TON blockchain. The integration led to an immediate surge in the price of Toncoin, reflecting the heightened anticipation among Telegram's vast global user base.

2023 年 9 月，Telegram 推出了期待已久的與 TON 區塊鏈無縫整合的加密錢包，重新點燃了其區塊鏈事業。整合導致 Toncoin 的價格立即飆升，反映出 Telegram 龐大的全球用戶群的預期不斷提高。

Concurrent with the launch of the crypto wallet, the TON Foundation announced that projects operating on the TON blockchain would receive priority access to Telegram's advertising platform, Telegram Ads. This initiative represented a significant shift in content monetization strategies, as channel owners were now empowered to earn financial rewards through Toncoin for displaying ads in their channels.

在推出加密錢包的同時，TON 基金會宣布，在 TON 區塊鏈上運行的項目將優先訪問 Telegram 的廣告平台 Telegram Ads。這項舉措代表了內容貨幣化策略的重大轉變，因為頻道所有者現在有權透過 Toncoin 在其頻道中展示廣告來獲得財務獎勵。

Toncoin Price Performance and Market Outlook

Toncoin 價格表現與市場前景

Toncoin's price trajectory has been marked by both challenges and triumphs. Despite an initial surge in value following its launch, the coin experienced a period of consolidation in 2022 and 2023, with its price remaining mostly below its initial level.

Toncoin 的價格軌跡充滿了挑戰和勝利。儘管發行後價格最初飆升，但該代幣在 2022 年和 2023 年經歷了一段整合期，其價格大多仍低於初始水平。

However, in February 2024, Toncoin embarked on a series of positive initiatives, including the distribution of 30 million TON to foster user participation in ecosystem projects. These efforts culminated in a surge of 31.83% in Toncoin's value in late March 2024, reaching a two-year high of $3.68. The surge was fueled by anticipation of Telegram's upcoming Initial Public Offering (IPO) and the integration of perpetual futures trading for TON on Binance.

然而，2024年2月，Toncoin開始了一系列積極舉措，包括分配3,000萬個TON以促進用戶參與生態系統計畫。這些努力最終導致 Toncoin 的價值在 2024 年 3 月下旬飆升 31.83%，達到 3.68 美元的兩年高點。 Telegram 即將進行首次公開發行 (IPO) 的預期以及幣安上 TON 永續期貨交易的整合推動了這一飆升。

Despite facing temporary setbacks, Toncoin has demonstrated resilience, swiftly rebounding from external disruptions and maintaining a stable price point around $4.90. Market analysts remain optimistic about TON's potential, citing the positive developments within the ecosystem, such as the Telegram IPO plans and the coin's overall market performance.

儘管面臨暫時的挫折，Toncoin 仍表現出了韌性，從外部幹擾中迅速反彈，並維持在 4.90 美元左右的穩定價格點。市場分析師對 TON 的潛力仍然樂觀，他們引用了生態系統內的積極發展，例如 Telegram IPO 計劃和代幣的整體市場表現。

While the current price is in a bearish zone, the potential for a breakthrough above $10 remains high, given the positive market sentiment ahead of the upcoming Bitcoin halving. Recent developments, coupled with Telegram's ambitious IPO plans, suggest a bright future for TON and the broader blockchain landscape.

雖然目前價格處於看跌區域，但考慮到即將到來的比特幣減半之前的積極市場情緒，突破 10 美元上方的潛力仍然很高。最近的發展，加上 Telegram 雄心勃勃的 IPO 計劃，預示著 TON 和更廣泛的區塊鏈前景光明。