![]() Telegram team needed to reduce the probability of «51 percent attack» and also do it with potentially possible forks (splitting of blockchain into independent cryptocurrency).ģ. ![]() Since the TON can potentially outcast Bitcoin from its pedestal as main cryptocurrency in the world, it was necessary to think about the versions of protection from different fraudsters, who will try to use the weaknesses of decentralized systems into their benefit. For comparing, Bitcoin transaction’s speed (the most popular cryptocurrency in the world) can endure more than one day.Ģ. It means to bring them to a level comparable to the speed of the Visa and Mastercard payment systems, in order to compete with them in the global market of money transactions and payments. TON Telegram achieved transaction’s speed on network, which is equal to some seconds. TON has to solve various weak points of modern crypto projects at the same time:ġ. ![]() Since the beginning, in his Whitepaper, Nikolai Durov has put in front of him and Telegram Open Network team a difficult problem of the most ideal blockchain’s realization in the world. This will make it easier and more convenient for you to understand the text below. Follow this link for a quick registration and then continue reading this page. You should start your acquaintance with TON and Toncoin cryptocurrency by registering on Binance cryptocurrency exchange. At the moment, the network is launched and the token is traded on cryptocurrency platforms, such as: ![]() Below we will talk about The Open Network blockchain and TON coin cryptocurrency. As a result, Durov had to abandon the project, and he transferred the domain, the repository on Github, and the trademark to a team of participants and winners of developer contests from the Telegram team.Īfter that, the Telegram Open Network was renamed to The Open Network and the Gram token to Toncoin. Securities and Exchange Commission (SEC) prohibited Telegram from launching a blockchain. Telegram had been working on its own blockchain platform, Telegram Open Network, since 2017. In May 2020, the U.S.
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