What Is $TON ?

TON, short for The Open Network, is a decentralized ecosystem that has the TON Blockchain as its core component. Created by the team behind Telegram, TON aims to address the limitations of existing blockchains, such as scalability, speed, and usability.

History of TON

The development of TON started in 2018, led by Telegram’s founder, Pavel Durov, and his brother, Nikolai Durov. At first, the project aimed to integrate a blockchain-based cryptocurrency (Gram) into the Telegram ecosystem, allowing users to make transactions and access #decentralized applications (DApps) directly from the messaging app.

Despite initial enthusiasm and a successful fundraising campaign, legal challenges from the U.S. Securities and Exchange Commission (SEC) forced Telegram to halt its involvement in the project in 2020.

The project was later revived by the open-source community and rebranded as The Open Network (TON). Today, TON is maintained and developed by a community of developers and enthusiasts.

How Does TON Work?

Consensus mechanism

TON uses a Proof of Stake consensus mechanism, where validators are selected based on the number of TON tokens they hold and stake as collateral. Validators are responsible for verifying transactions and adding them to the blockchain. In return, they earn rewards in the form of TON tokens.

Multi-chain architecture

TON adopts a multi-chain architecture that includes the TON blockchain as the masterchain and smaller chains known as workchains.

The TON masterchain is responsible for managing the core ecosystem data, including protocol updates, blockchain validations, and operations between different chains. The workchains are customizable networks that can operate independently and serve different purposes

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#Glassnode reports that long-term investors are still actively accumulating #BTC☀ even amid the market correction.
$BTC
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💰 #Bitcoin 1 Year Before the Cycle Ends❗️

Currently we are in the 2nd Mid-Cycle of Full Cycle which lasts exactly 4 Years🧐

487 Days left till the end of the cycle and still big rally is ahead🚀

I hold my bags tight!

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$BTC

Bitcoin, as the leading digital asset, continues see its dominance expand, now commanding a staggering 56% of the total market capitalization.

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Key features of $TON
1. #Scalability
Ton is designed to be highly scalable. It can handle millions of transactions per second through a sharding mechanism that allows the network to split into smaller, interconnected blockchains called "shards." Each shard can process transactions independently, which significantly increases the overall capacity of the network.

2. #Interoperability
Ton is designed to be interoperable with other blockchains and DApps. It can easily integrate with other blockchain networks and allow for the seamless transfer of assets and data between them. This feature is crucial for creating a connected and decentralized web where different blockchain networks can work together.

3. #FastTransactions
Ton's architecture is optimized for speed. It uses a PoS consensus mechanism, which is faster and more energy-efficient than the Proof of Work (PoW) system used by Bitcoin. This means that transactions on the TON network are processed almost instantly, making it suitable for everyday use, such as payments, microtransactions, and other financial activities.

4. #Decentralization
Ton is a decentralized network, meaning that it is not controlled by any single entity or organization. Instead, it is governed by its community of users and developers. This decentralization makes TON more resistant to potential attacks and ensures that the network remains open and accessible to everyone.

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$NFP Analysis:

Price is finding support at the uptrend line and may move towards the upper resistance line of the triangle. A break above the triangle would be bullish and send the price towards the major resistance area.

Resistance Area: $0.250-$0.255
Major Resistance Area: $0.30-$0.317

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Will history repeat ?
BTC 20 vs BTC 24
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