Toncoin TON Price

Among the features of The Open Network, the developers highlight the main features:

1. Decentralization.
2. Reliability and stability of the system.
3. Simplified interface, convenient for all participants.
4. Simple and secure storage of assets.
5. The ability to run different services/applications.

The TON Components

The Open Network (TON) features a mix of the combined components.

All these elements work perfectly in a team. To avoid various kinds of restrictions, the TON network contains a TON Proxy, which allows you to hide their real IP-addresses of users when they are in contact with some of the resources of the platform.

TON can become a browser for its own Global Network, and the TON storage is an alternative to classic hosting. As a result of combining TON-browser, TON Storage and TON DNS, we get an analogue of a modern Internet infrastructure, with its own internal payment system.

As a result, TON has the capabilities to provide easy integration with external communication applications and social networks, which will make blockchain technology and shared services available to ordinary users, rather than just a small number of initial cryptocurrency users.

TON History

• In 2018, developers began work on the blockchain TON, with the cryptocurrency called Gram. There was also an attraction of $1.7 billion of investment for a private ICO.
• In 2019 the development of the main components of the blockchain was completed. In October 2019, the U.S. SEC imposed a ban on the launch of the network. This led to a postponement of the launch date.
• In May 2020, after a frustrating struggle with the U.S. regulator, the Telegram team shut down the project. But work on TON was continued thanks to the persistence of independent teams and developers.
• In May 2021, the creation of a stable and fully secure blockchain with different services was finally completed.

NFT

NFTs from The Open Network are more evolved than NFTs on Ethereum or another familiar network. This is because NFT usually only stores information for example, a link to a service on the traditional Internet where a picture is stored. This is not very convenient and not really centralized. But TON NFTs are different in that they store objects directly by themselves in the blockchain.

TON Features

When analyzing the Toncoin cryptocurrency, it raises questions about its distinctive features. These are an indicator of the project's originality and uniqueness. The main ones are:

• Own blockchain with built-in versions for Ethereum and Binanans Smart Chain, which expands the possibilities of use in the future.
• The presence of capabilities to address blockchain issues related to security, decentralization and bandwidth.
• The ability of the Toncoin token to perform service tasks and advanced perspectives in functionality development.
• The focus on providing great scalability.
• Strict compliance with plans that are made in advance.

Summary

TON project is still very active, with the main features already up and running, while others are 40-90% ready. Users have a choice of native wallets for all platforms. Since the token works on Ethereum and BSC networks in addition to the main network, users can use special bridges to swap tokens from one standard to another.

The network promises to be one of the fastest and most scalable, and in addition, it offers many unique useful features. In 2023, the project is expected to expand even further as TON launches workchains that will allow seamless interaction with Bitcoin and Ethereum networks and their assets.