πThe Open Network (TON)
The Open Network (TON) is a fully decentralized layer-1 blockchain designed to onboard billions of users. It boasts ultra-fast transactions, low transaction fees, easy-to-use apps, and is environmentally friendly. Nowadays, itβs being supported and developed by an open-source community and the TON Foundation.
Its aim is to upgrade the core technologies of the internet by implementing its own components, such as DNS, DeFi, and decentralized storage, having made significant progress already, according to the roadmap.
Quick facts:
Over 2 million wallets were registered in January 2023, and this number continues to grow rapidly.
Toncoinβs market capitalization is over $2.5 billion.
The various official TON Community social media pages and Telegram channels have amassed over 1 million followers and subscribers.
Here are some popular apps that have already been released:
Cryptobot and Wallet: multi-currency wallets integrated into the Telegram messenger.
Donate: A service that allows users to pay for a subscription to private channels in Toncoin.
The full list of applications on TON is available here.
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