Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized blockchain designed for scalability and efficiency. Originally developed by Telegram, TON uses a unique sharding technology that divides the blockchain into multiple subnets to speed up transactions and reduce congestion. This structure enables TON to handle millions of transactions simultaneously with minimal fees. ๐๐
One of the standout features of Toncoin is its integration with Telegram, where it powers the platform's Web3 infrastructure. This collaboration has positioned Toncoin to potentially reach hundreds of millions of users, with the goal of onboarding 30% of Telegram's user base to TON by 2028. ๐งโ๐ป๐ฌ
Toncoin is designed for various uses within the TON ecosystem, including paying for transaction fees, staking, and facilitating decentralized applications (dApps). It can also be used for decentralized storage, VPN services, and even domain naming. TON operates on a Proof-of-Stake (PoS) consensus mechanism, ensuring that the network remains secure and efficient. ๐๐ฐ
With a current circulating supply of 3.47 billion TON coins and a maximum supply of 5 billion, Toncoin has a strong foundation for growth. Experts are optimistic about its future, predicting its value could rise to $8.75 by the end of 2024. ๐๐ฎใ138โ sourceใใ139โ sourceใใ140โ sourceใ.
