What is $TON ?

TON is an abbreviation for The Open Network. The project is a decentralized Internet platform whose task is to solve the problem of scalability and poor compatibility of blockchains. The developers also support the concept of the third generation Internet - Web3.TON for payments

The developers position The Open Network as a platform for organizing payments.

“TON is capable of processing millions of transactions per second (TPS) to ultimately cover hundreds of millions of users,” the project description says.

To demonstrate the effectiveness of The Open Network, the developers published a comparison table. It shows that TON is ahead of Ethereum in block generation time (5 seconds versus 12 seconds). The Open Network also significantly outperforms competitors in terms of transaction processing speed. The time to complete transactions in the TON network is up to 6 seconds, while for Ethereum$ETH it is 10-15 minutes, and for Solana$SOL it is 6.4 seconds.