What is TON?
The Open Network (TON) is a fast, scalable blockchain integrated with Telegram. It uses a hybrid consensus mechanism combining Proof-of-Stake (PoS) and Byzantine Fault Tolerance (BFT), ensuring fast transactions and scalability through sharding. Initially funded through a 2018 ICO raising $1.7 billion, TON faced legal issues, but enthusiasts revived it despite SEC’s intervention with Telegram.
Comparison of TON vs ETH vs SOL: TON blockchain shows fast block times, super-fast time to finality and high transaction performances.
Key Features:
Hybrid Consensus: Combines PoS and BFT for secure, fast transactions.
- Energy-efficient,
- Nodes chosen based on staked TON, ensuring secure, decentralized validation
Scalability: Uses sharding to handle more transactions.
- Groups individual account chains into shard chains
- Enables parallel transaction processing
- Uses asynchronous message delivery
