$TON Toncoin is a decentralized and open L1 blockchain built by the community using technology designed by Telegram, allowing users to make fee-free cryptocurrency transfers to any user directly through the app. This integration also supports the use of Toncoin in decentralized applications, increasing its utility and accessibility. In March 2024, Telegram announced that it will share 50% of ad revenue with channel owners and that payments will be made on the Toncoin blockchain, distributed in the TON cryptocurrency.
How many Toncoin (TON) coins are there, and what is the maximum limit?
The Toncoin network is home to over 50 decentralized applications and has a Total Value Locked (TVL) of over $500 million. The Toncoin (TON) cryptocurrency has a maximum issuance cap of 5 billion, with a total circulating value of 3.47 billion as of May 2024. Toncoin’s economic model is designed to incentivize participation and investment in the network. Validators, who are essential to the maintenance and security of the blockchain, are compensated in TON for their services. This secures the network and distributes governance and control more democratically among users. Toncoin’s economic model is designed to incentivize participation and investment in the network. Validators, who are essential to the maintenance and security of the blockchain, are compensated in TON for their services. This secures the network and distributes governance and control more democratically among users.
How does the Toncoin blockchain work?
The Toncoin (TON) blockchain uses an adaptive parallel sharded network architecture, using individual chains grouped into shards. Toncoin’s configuration creates a “blockchain of blockchains,” significantly increasing the scalability and flexibility of the network. This allows the Toncoin network to process transactions in parallel without being limited by bottlenecks. This process, known as “shardchaining,” operates autonomously, without the need for network users (nodes) to process all transactions.
Is Toncoin (TON) worth investing in?
Toncoin (TON) is well-positioned to expand into areas such as decentralized finance (DeFi) and enterprise solutions. A major appeal is the network’s ability to process fast and low-cost transactions. Additionally, Toncoin’s flexible architecture allows it to adapt to diverse enterprise needs, potentially attracting partnerships and integrations with large enterprises looking for blockchain solutions.
