Toncoin TON

1. Summary

Ranks

Liquidity

68

Developer

-

Social

100

Momentum (beta)

67

Stack Rank™

-

Price

$5.21 -0.3%

Market Cap

$13.22B (#9)

Supply

2.54B / 5.11B

Tags

Binance Smart Chain Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Layer 1 (L1) Alleged SEC Securities Уровень 1 (L1) BNB 链生态系统 以太坊生态系统 第一层（L1） Экосистема Ethereum

More Metrics

Price
52W High price	$8.17
52W High date	15th Jun 2024 (3 months ago)
All Time High (ATH) Date	15th Jun 2024 (3 months ago)
ATH Price	$8.25
% From ATH	-36.94%
All Time Low (ATL) Date	21st Sep 2021 (3 years ago)
ATL Price	$0.52
% From ATL	902.11%

Supply & Trading Volume
Trading Volume (24h)	$232.72M
Total Supply	5.11B
Circulating Supply	2.54B

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Description

The Open Network

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The Open Network

The Open Network (TON) is a decentralized computer network offering a diverse array of tools and services. At its core lies a layer-1 blockchain designed to unite all blockchains and the existing Internet.

Key Components

Toncoin

Toncoin is the primary cryptocurrency of TON. It plays a central role in transaction fees, blockchain security through staking, decision-making for network development, gas payments for smart contract execution, and facilitating value transfers.

TON Proxy

TON Proxy is a network proxy and anonymizer, similar to I2P, facilitating decentralized VPN services and blockchain-based Tor alternatives. This enhances online privacy and protects against censorship, allowing decentralized applications to be more resilient to censorship.

TON DNS

TON DNS provides human-readable domain names for accounts, smart contracts, services, and network nodes. It simplifies access to decentralized applications by allowing users to use easy-to-remember domain names instead of lengthy alphanumeric addresses.

TON Storage

TON Storage is a distributed file storage system, accessible via the TON P2P Network. It is designed to provide a reliable environment for the storage and exchange of large data sets.

TON Payments

TON Payments enables secure and instant value transfers between users and services. This system allows for off-chain transactions while maintaining the security of on-chain transactions.

Network Architecture

Blockchain

The TON blockchain is designed as a scalable, multi-blockchain platform. It utilizes a proof-of-stake consensus mechanism and supports the creation and operation of decentralized applications and smart contracts.

Sharding

TON employs sharding to achieve scalability. Blockchains can split and merge to adapt to varying loads, ensuring that block generation speeds are independent of transaction volume and minimizing operational costs.

Hypercube Routing

Hypercube routing ensures efficient data exchange between blockchains, enabling the network to scale to millions of chains without compromising speed.

Governance and Security

Governance

TON's governance is decentralized, with decisions requiring approval from the majority of validators. Validators vote through the proof-of-stake consensus mechanism or update their software to accept proposed changes.

Security

Security is maintained through collaborations with various Security Assurance Providers (SAPs) that conduct testing and quality assurance for software within the TON ecosystem. This enhances network security and reliability.

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