TON’s Proof-of-Stake Protocol
The TON Blockchain functions through a network of validators who stake a large amount of Toncoin and receive rewards by processing transactions on the network.
• Anyone with a high-performance server and enough Toncoin can become a validator.
• A validator stakes their Toncoin for a specific term, which is paid back at the completion of a validation round, plus the validator reward as interest.
• The protocol creates receipts of any attempt to cheat, and any cheating nodes are cut off and penalized.
• A nominator is someone who lends Toncoin to a validator and gains a % of its validator’s rewards.
Twitter thread here.
What would make contributing to the TON Blockchain easier?
The TON Blockchain functions through a network of validators who stake a large amount of Toncoin and receive rewards by processing transactions on the network.
• Anyone with a high-performance server and enough Toncoin can become a validator.
• A validator stakes their Toncoin for a specific term, which is paid back at the completion of a validation round, plus the validator reward as interest.
• The protocol creates receipts of any attempt to cheat, and any cheating nodes are cut off and penalized.
• A nominator is someone who lends Toncoin to a validator and gains a % of its validator’s rewards.
Twitter thread here.
What would make contributing to the TON Blockchain easier?
Medium
TON’s Proof-of-Stake Consensus Mechanism
TON relies on a proof-of-stake protocol that keeps the network democratized and functioning smoothly.
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TON’s History and Network Upgrades
In 2018, Nikolai and Pavel Durov were unable to find a blockchain in the market that reflected their vision of Web3 and blockchain technology.
They then formed a talented dev team to create TON.
Learn about TON’s history on Medium.
In 2018, Nikolai and Pavel Durov were unable to find a blockchain in the market that reflected their vision of Web3 and blockchain technology.
They then formed a talented dev team to create TON.
Learn about TON’s history on Medium.
Medium
TON’s History & Network Upgrades
TON has faced heavy regulatory hurdles throughout its development to become the most scalable and user-friendly blockchain.
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The TON-Enabled Future of NFT
As NFTs come to TON, here’s a look at the current state of the scene.
• The market for profile picture projects, which allow holders to pledge their allegiance to a community, is soaring.
• Through integrations into the metaverse and even an Alfa Romeo vehicle, NFTs are also showing their capability for utility.
• With TON’s enhanced technological capabilities for NFTs, network security and much lower gas fees, we hope to give creators and investors a world-class experience.
What NFT use cases do you want to see on TON?
As NFTs come to TON, here’s a look at the current state of the scene.
• The market for profile picture projects, which allow holders to pledge their allegiance to a community, is soaring.
• Through integrations into the metaverse and even an Alfa Romeo vehicle, NFTs are also showing their capability for utility.
• With TON’s enhanced technological capabilities for NFTs, network security and much lower gas fees, we hope to give creators and investors a world-class experience.
What NFT use cases do you want to see on TON?
Medium
The TON-Enabled Future of NFTs
The NFT market is a hotbed of innovation that is still working out the kinks. TON can help.
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How are NFTs structured on The Open Network?
The CAT Telegram channel has published thorough material on the structure of NFTs and how they operate.
For more information, click on this link: https://blog.ton.cat/how-to-nft
The CAT Telegram channel has published thorough material on the structure of NFTs and how they operate.
For more information, click on this link: https://blog.ton.cat/how-to-nft
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TON Community Weekly Digest
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
The number of new accounts created on TON from Feb. 20 to 26 grew from 290,493 to 309,615 (+6.6%).
News:
— The Tonic community launched its website.
— The CAT channel published an article on the structure of TON-based NFTs.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
The number of new accounts created on TON from Feb. 20 to 26 grew from 290,493 to 309,615 (+6.6%).
News:
— The Tonic community launched its website.
— The CAT channel published an article on the structure of TON-based NFTs.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
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TON | The Significance of Congressional Hearings
Congressional hearings play an important role in shaping the public perception of cryptocurrency.
Hearings are usually designed to learn about a topic and gain feedback that can be used for regulatory purposes.
Check out our Twitter thread on this topic here.
Congressional hearings play an important role in shaping the public perception of cryptocurrency.
Hearings are usually designed to learn about a topic and gain feedback that can be used for regulatory purposes.
Check out our Twitter thread on this topic here.
Medium
TON | The Significance of Congressional Hearings
Regulation is seemingly inevitable but how can we make the most of it?
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Into the Metaverse
Recently, the metaverse has been a hot topic of conversation.
• Land values in decentralized metaverses have been soaring.
• Play-to-earn games that allow the user to cash out on the value created in-game are gaining popularity.
• Currently, each metaverse exists as its own microcosm, but the future is interoperability between them.
TON’s scalability and speed positions it to be a leader in the metaverse space.
What would you like to see in TON’s metaverse?
Recently, the metaverse has been a hot topic of conversation.
• Land values in decentralized metaverses have been soaring.
• Play-to-earn games that allow the user to cash out on the value created in-game are gaining popularity.
• Currently, each metaverse exists as its own microcosm, but the future is interoperability between them.
TON’s scalability and speed positions it to be a leader in the metaverse space.
What would you like to see in TON’s metaverse?
Medium
Into the Metaverse
Is the digital world just a trend or does it represent a transition point for humanity?
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The DAO Moment
Decentralized Autonomous Organizations, or DAOs, have the potential to transform the way we build companies and collaborate.
• In order to create a DAO, the governing structure of the company is written into smart contracts on the blockchain, so the company can be run in a frictionless manner.
• DAOs employ a variety of tokenomic structures where the DAO’s token holders receive voting rights.
• As the token price is dependent on the DAO’s success, each contributor has extra incentive to succeed.
TON is run as a DAO, and we find this to be a natural structure that reduces bottlenecks. Moving forward, service DAOs will be needed to onboard the world onto Web 3.
Decentralized Autonomous Organizations, or DAOs, have the potential to transform the way we build companies and collaborate.
• In order to create a DAO, the governing structure of the company is written into smart contracts on the blockchain, so the company can be run in a frictionless manner.
• DAOs employ a variety of tokenomic structures where the DAO’s token holders receive voting rights.
• As the token price is dependent on the DAO’s success, each contributor has extra incentive to succeed.
TON is run as a DAO, and we find this to be a natural structure that reduces bottlenecks. Moving forward, service DAOs will be needed to onboard the world onto Web 3.
Medium
The DAO Moment
Decentralized Autonomous Organizations have the potential to transform the way we build companies and collaborate.
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Over 150,000 people follow Toncoin on CoinMarketCap.
In the last 40 days, about 70,000 people have started following Toncoin on CoinMarketCap, which increased the coin’s popularity by 75%.
We’re grateful to everyone who’s added Toncoin to “Favorites” on either CoinMarketCap or CoinGecko.
It might seem like a small gesture, but supporting Toncoin on third-party services will go a long way in helping TON’s development.
In the last 40 days, about 70,000 people have started following Toncoin on CoinMarketCap, which increased the coin’s popularity by 75%.
We’re grateful to everyone who’s added Toncoin to “Favorites” on either CoinMarketCap or CoinGecko.
It might seem like a small gesture, but supporting Toncoin on third-party services will go a long way in helping TON’s development.
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The HTTP API for TON has significantly improved over the past few months.
TON Center provides fast and reliable access to the TON blockchain. Thanks to this service, developers can concentrate on creating their services and apps.
The API’s code is fully open-source; if your developers need their own server, you’ll be able to launch one with ease.
TON Center provides fast and reliable access to the TON blockchain. Thanks to this service, developers can concentrate on creating their services and apps.
The API’s code is fully open-source; if your developers need their own server, you’ll be able to launch one with ease.
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Forwarded from The Open Network
Users of the TON extension for Google Chrome, please write down your wallet recovery phrases if you have not already done so.
Click menu in the top right corner → Backup Wallet → Write down your 24 recovery words in correct order and store them in secret place.
Google Chrome has released a new extension format V3. With it extensions will become more secure and private.
The TON extension will be updated to the V3 format in the coming days.
You may need wallet recovery phrases, make sure you have them written down.
Click menu in the top right corner → Backup Wallet → Write down your 24 recovery words in correct order and store them in secret place.
Google Chrome has released a new extension format V3. With it extensions will become more secure and private.
The TON extension will be updated to the V3 format in the coming days.
You may need wallet recovery phrases, make sure you have them written down.
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TON Community Weekly Digest
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
— The number of new accounts created on TON from Feb. 26 to March 4 grew from 309,615 to 323,227 (+4.4%).
News:
— The first NFT marketplace based on TON, Getgems.io, launched.
— The developers of the @TonMoonBot launched the beta version of their own explorer.
— Rocketon, the first TON-based crowdfunding platform, launched.
— The number of people who added Toncoin to “Favorites” on CoinMarketCap surpassed 180,000.
— The number of subscribers to our Telegram TON Community channel broke the 80,000 mark.
— We’re urging users of the TON extension on Google Chrome to read this post.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
Here’s a roundup of the ecosystem’s most exciting news from the past seven days.
Network stats update:
— The number of new accounts created on TON from Feb. 26 to March 4 grew from 309,615 to 323,227 (+4.4%).
News:
— The first NFT marketplace based on TON, Getgems.io, launched.
— The developers of the @TonMoonBot launched the beta version of their own explorer.
— Rocketon, the first TON-based crowdfunding platform, launched.
— The number of people who added Toncoin to “Favorites” on CoinMarketCap surpassed 180,000.
— The number of subscribers to our Telegram TON Community channel broke the 80,000 mark.
— We’re urging users of the TON extension on Google Chrome to read this post.
Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing!
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Matrixport Institutional Custody Platform Partners With TON
We are happy to announce that the Matrixport blockchain platform, which includes the leading full-suite derivatives exchange Bit.com, will be partnering with The Open Network in several areas to form a strategic partnership to develop, enhance and expand the TON Ecosystem.
The platform will be utilizing its trusted security partner, Cactus Custody, to support TON's native token custody.
Bit.com listed TON in early January 2022, and will also be supporting the TON native token deposit and withdrawal on its platform.
The partners will also be exploring the possibility of adding TON on the Matrixport as well as bit.com’s savings product in the near future.
Toya Zhang, Chief Marketing Officer of bit.com says:
“After learning about TON’s history and roadmap, as well as observing the performance of TON after bit.com’s listing. We are convinced about TON’s potential.
Bit.com and Matrixport have a rich variety of product offerings including trading tools and asset management tools, we are very happy to work with TON and would like to embrace TON in our various products.”
Matrixport is the first world’s leading CeFi platform that holds over $10 billion of client assets under management and custody with over $5 billion in monthly transactions across all product lines.
Trading volume-wise, bit.com is the second-largest in the BTC and ETH options market.
We are happy to announce that the Matrixport blockchain platform, which includes the leading full-suite derivatives exchange Bit.com, will be partnering with The Open Network in several areas to form a strategic partnership to develop, enhance and expand the TON Ecosystem.
The platform will be utilizing its trusted security partner, Cactus Custody, to support TON's native token custody.
Bit.com listed TON in early January 2022, and will also be supporting the TON native token deposit and withdrawal on its platform.
The partners will also be exploring the possibility of adding TON on the Matrixport as well as bit.com’s savings product in the near future.
Toya Zhang, Chief Marketing Officer of bit.com says:
“After learning about TON’s history and roadmap, as well as observing the performance of TON after bit.com’s listing. We are convinced about TON’s potential.
Bit.com and Matrixport have a rich variety of product offerings including trading tools and asset management tools, we are very happy to work with TON and would like to embrace TON in our various products.”
Matrixport is the first world’s leading CeFi platform that holds over $10 billion of client assets under management and custody with over $5 billion in monthly transactions across all product lines.
Trading volume-wise, bit.com is the second-largest in the BTC and ETH options market.
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Hi, everyone! As you all know, institutional custody platform Matrixport and the TON network have become official partners. At the end of this week, we’ll be hosting an AMA with Toya Zhang, chief marketing officer of cryptocurrency exchange Bit.com — a subsidiary of Matrixport’s holding.
If you have questions for Zhang, submit them in the comments section.
We’ll select the most interesting questions and ask Zhang to answer them during the AMA.
If you have questions for Zhang, submit them in the comments section.
We’ll select the most interesting questions and ask Zhang to answer them during the AMA.
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The TON Wallet extension has been updated for Google Chrome.
The TON Wallet Google Chrome extension has received an update to V3, which increases its security and privacy. (We published a post about this a little while ago.)
The developers have also fixed some bugs and introduced new improvements to the user experience in this update.
It’s important to note that other wallet extensions, such as MetaMask, have run into significant problems in their transition to a new format and, consequently, are forced to continue using older versions.
The TON Wallet extension is a convenient product where you can store your Toncoin and use decentralized applications.
However, the extension will be capable of so much more soon; it’s going to be the gateway to the decentralized Web3 internet and allow your browser to interact with TON DNS, TON Proxy, and TON Sites.
We’d like to extend a special thank you to the developers zavtramen, neverthirty, sergeiivankov, D2Phoenix, and futpib for their work on the update on GitHub.
The TON Wallet Google Chrome extension has received an update to V3, which increases its security and privacy. (We published a post about this a little while ago.)
The developers have also fixed some bugs and introduced new improvements to the user experience in this update.
It’s important to note that other wallet extensions, such as MetaMask, have run into significant problems in their transition to a new format and, consequently, are forced to continue using older versions.
The TON Wallet extension is a convenient product where you can store your Toncoin and use decentralized applications.
However, the extension will be capable of so much more soon; it’s going to be the gateway to the decentralized Web3 internet and allow your browser to interact with TON DNS, TON Proxy, and TON Sites.
We’d like to extend a special thank you to the developers zavtramen, neverthirty, sergeiivankov, D2Phoenix, and futpib for their work on the update on GitHub.
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Announcing an AMA with the CMO of the Bit.com exchange.
As you’re well aware, TON and institutional custody platform Matrixport have officially announced their partnership.
On March 14 at 14:00 GMT+3, TON will host an AMA with Toya Zhang, chief marketing officer of Bit.com — a subsidiary of Matrixport.
The AMA will be held in the community’s English chat here: https://xn--r1a.website/toncoin_chat
If you have questions about the TON–Matrixport partnership, you can submit them in the comments of this post.
We’ll select the best questions and ask Toya to answer them.
As you’re well aware, TON and institutional custody platform Matrixport have officially announced their partnership.
On March 14 at 14:00 GMT+3, TON will host an AMA with Toya Zhang, chief marketing officer of Bit.com — a subsidiary of Matrixport.
The AMA will be held in the community’s English chat here: https://xn--r1a.website/toncoin_chat
If you have questions about the TON–Matrixport partnership, you can submit them in the comments of this post.
We’ll select the best questions and ask Toya to answer them.
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Forwarded from The Open Network
Completion of the fungible tokens standard
We invite developers to join us for the completion of the standard and the implemention of TON fungible tokens (called jettons).
If you have specific suggestions for an improvement - you can comment on the current draft.
Please note that any flood, offtopic and messages that do not make sense will be deleted and their authors will be banned forever.
We invite developers to join us for the completion of the standard and the implemention of TON fungible tokens (called jettons).
If you have specific suggestions for an improvement - you can comment on the current draft.
Please note that any flood, offtopic and messages that do not make sense will be deleted and their authors will be banned forever.
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Starting an open discussion surrounding a fungible token standard.
The TON Foundation is inviting developers and specialists to participate in the final stages of completing the fungible token standard for The Open Network.
If you have suggestions or recommendations that would improve the current draft, share them with the core developers on GitHub:
https://github.com/ton-blockchain/TIPs/issues/74
Please note:
Any comments unrelated to the discussion will be deleted and their authors will be blocked. If you’re not a developer or specialist in this field, please refrain from posting comments.
The TON Foundation is inviting developers and specialists to participate in the final stages of completing the fungible token standard for The Open Network.
If you have suggestions or recommendations that would improve the current draft, share them with the core developers on GitHub:
https://github.com/ton-blockchain/TIPs/issues/74
Please note:
Any comments unrelated to the discussion will be deleted and their authors will be blocked. If you’re not a developer or specialist in this field, please refrain from posting comments.
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Royalty structure for TON-based NFTs
The CAT Telegram channel has published an article on the royalty structure of NFTs based on the TON blockchain. More specifically, the article looks at what payment options the developers are considering and their conclusion, among other things.
Read the full article here.
The CAT Telegram channel has published an article on the royalty structure of NFTs based on the TON blockchain. More specifically, the article looks at what payment options the developers are considering and their conclusion, among other things.
Read the full article here.
Telegraph
Royalty structure for TON-based NFTs
Usually, creators of nonfungible tokens (NFT) receive a percentage from the sales of their work on secondary markets via trading platforms (marketplaces). This happens on all blockchains primarily thanks to a simple principle: When a creator mints an NFT…
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