TON：Telegram 的区块链革命凭借加密钱包和广告平台重生

2018 年，Telegram 首席执行官 Pavel Durov 推出了 Telegram 开放网络（TON），作为一个去中心化区块链平台，旨在增强 Telegram 通讯工具的隐私和安全性。 TON 的设计强调灵活性、速度和成本效益，具有分片、自我修复机制和自己的虚拟机。虽然私人 ICO 筹集了 17 亿美元，但 Telegram 由于法律纠纷于 2020 年终止了 TON 计划。 2023 年，Telegram 推出了基于 TON 的加密钱包，并授予项目优先访问其广告平台的权限，导致 Toncoin 的价格飙升。

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

Telegram 开放网络 (TON) 的起源：区块链架构的范式转变

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 背后的远见卓识者 Pavel Durov 发布了一份开创性的白皮书，概述了 Telegram 开放网络 (TON) 的起源。 TON 被认为是一个去中心化平台，它将彻底改变消息传递领域，提供前所未有的匿名性、安全性和可扩展性。

Design Principles: Flexibility, Speed, and Cost-Effectiveness

设计原则：灵活性、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 区块链网络经过精心设计，重点关注三个基本原则：灵活性、速度和成本效益。这些属性被认为对于吸引数百万用户并促进与需要轻量级功能的消息传递应用程序的无缝集成至关重要。为了实现这些目标，TON 的开发人员实施了一种优先考虑速度和可扩展性的共识算法，并采用分片和虚拟机 (TVM) 来提高性能。

Unique Features of Telegram Open Network

Telegram 开放网络的独特功能

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 拥有众多独特功能，其中包括分片链、自我修复机制、去中心化数据存储、域名服务、TON 虚拟机和强大的内置隐私工具。该项目的原生加密货币 Gram (GRM) 在促进 TON 生态系统内的结算和佣金支付方面发挥了至关重要的作用。

The Initial Coin Offering and Regulatory Challenges

首次代币发行和监管挑战

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.

为了资助 TON 的开发和推出，Telegram 于 2018 年 2 月和 3 月进行了私募首次代币发行 (ICO)。此次 ICO 取得了巨大成功，从投资者那里筹集了惊人的 17 亿美元，并出售了代币发行总量的约 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 计划在 2020 年遇到了重大障碍。在与美国证券交易委员会 (SEC) 发生法律纠纷后，美国证券交易委员会 (SEC) 指控该公司未能向监管机构注册其 Gram 代币，从而违反了证券法，Telegram 被迫终止 TON 区块链的开发。

Revival of TON: Crypto Wallet and Advertising Platform

TON 的复兴：加密钱包和广告平台

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 推出了期待已久的与 TON 区块链无缝集成的加密钱包，重新点燃了其区块链事业。此次整合导致 Toncoin 的价格立即飙升，反映出 Telegram 庞大的全球用户群的预期不断提高。

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.

在推出加密钱包的同时，TON 基金会宣布，在 TON 区块链上运行的项目将优先访问 Telegram 的广告平台 Telegram Ads。这一举措代表了内容货币化策略的重大转变，因为频道所有者现在有权通过 Toncoin 在其频道中展示广告来获得经济奖励。

Toncoin Price Performance and Market Outlook

Toncoin 价格表现和市场前景

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 的价格轨迹充满了挑战和胜利。尽管发行后价格最初飙升，但该代币在 2022 年和 2023 年经历了一段整合期，其价格大多仍低于初始水平。

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开始了一系列积极举措，包括分配3000万个TON以促进用户参与生态系统项目。这些努力最终导致 Toncoin 的价值在 2024 年 3 月下旬飙升 31.83%，达到 3.68 美元的两年高点。 Telegram 即将进行首次公开​​募股 (IPO) 的预期以及币安上 TON 永续期货交易的整合推动了这一飙升。

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.

尽管面临暂时的挫折，Toncoin 仍表现出了韧性，从外部干扰中迅速反弹，并维持在 4.90 美元左右的稳定价格点。市场分析师对 TON 的潜力仍然持乐观态度，他们引用了生态系统内的积极发展，例如 Telegram IPO 计划和代币的整体市场表现。

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.

虽然目前价格处于看跌区域，但考虑到即将到来的比特币减半之前的积极市场情绪，突破 10 美元上方的潜力仍然很高。最近的发展，加上 Telegram 雄心勃勃的 IPO 计划，预示着 TON 和更广泛的区块链前景光明。