TON Foundation: Difference between revisions

The Open Network
Other names	TON
Repository	github.com/newton-blockchain
Written in	C++
License	GNU LGPL v2
Website	toncoin.org

Browse history interactively

← Previous edit Next edit →

Content deleted Content added

VisualWikitext

Inline

Revision as of 10:02, 15 July 2021

The Open Network (TON) is a decentralized, open-source blockchain.

The project was initiated by the open-source community as a continuation of the Telegram Open Network technology, after the Telegram team was forced to terminate its participation in it^[1].

History

On May 12, 2020, after lengthy litigation due to the claims of the US Securities and Exchange Commission, Telegram team was forced to stop its participation in the development of TON^[1].

On May 29, 2020, the community of developers, validators, TON Blockchain Contests winners, and decentralized technology enthusiasts announced the continuation of work on the project^[2]. The first name of the project was chosen "NEWTON". The team continued to maintain and develop the original Telegram's network testnet2, which launched on November 15, 2019.

In May 2021, the community voted to rename the testnet2 network name to mainnet^[3]. Also, the development team changed the name "NEWTON" to "TON Foundation". The TON Foundation is proclaimed as a non-profit organization dedicated to the further support and development of the network^[4].

TON Components

TON is designed to enable processing millions of transactions every second. It also allows building Web 3.0 empowered by decentralized storage, аnonymous network, DNS equivalent, instant payments and decentralized services (or DApps).

TON Blockchain

TON core is TON blockchain — a scalable multichain that can contain up to $2^{92}$ accompanying blockchains. It uses the proof-of-stake consensus algorithm and can handle millions of transactions every second.^[5]^[6]

TON Payments

TON Payments is both a micro-payment platform and a network for micro-payment channels. TON Payments is designed to enable instant transfer of funds between users, bots or other services outside the network. Built-in security algorithms ensure that transfers via TON Payments are as safe as regular internal transfers.^[5]^[7]

TON Proxy

TON Proxy is a TON anonymizer. Similar to I2P, TON Proxy allows creating decentralized VPN services and blockchain based Tor alternatives that enable private, anonymous operations. Combined with TON P2P Network and TON DNS, TON Proxy makes DApps immune to censorship.^[5]

TON DNS

Just like the original DNS, TON DNS generate human-readable names for accounts, smart-contracts, services and network nodes. With TON DNS in place, surfing the blockchain becomes similar to surfing the WWW.^[5]

TON Storage

TON Storage is a distributed file storage tech similar to Dropbox. It has a great potential as far as storing and exchanging large amounts of data are concerned.^[5]

TON Services

TON Services is a platform for third-party services that provides a friendly interface for DApps and smart contracts.^[5]^[8]

TON Workchains

TON consists of the masterchain and up to $2^{32}$ workchains each following its own ruleset. In other words, each workchain may have its own address and transaction formats, virtual machines for smart-contract processing, basic coins, etc. Workchains can interact while maintaining compliance with the basic rules.^[6]

There are many different blockchains that are poorly integrated with each other. TON's design allows all existing blockchains to be combined into one decentralized network.^{[citation needed]}

Coins distribution and mining

TON Blockchain uses the Proof-of-Stake consensus and mining is not required to generate new blocks. The initial issue of 5bn coins was transferred to ad hoc Proof-of-Work giver smart contracts. New coins can only be obtained through mining those contracts. PoW Giver contracts have their limits and will dry out once users mine all available coins.

References

^ ^a ^b Pavel Durov (2020-05-12). "What Was TON And Why It Is Over". {{cite journal}}: Cite journal requires |journal= (help)
^ Start NewTON project
^ Renaming "testnet2" to "mainnet"
^ Creation of TON Foundation
^ ^a ^b ^c ^d ^e ^f Dr. Nikolai Durov (2019). Telegram Open Network (PDF). pp. 3–4.
^ ^a ^b Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 5.
^ Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 113.
^ Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 99.

External links

Project Whitepaper

[What_Was_TON_And_Why_It_Is_Over-1] Pavel Durov (2020-05-12). "What Was TON And Why It Is Over". {{cite journal}}: Cite journal requires |journal= (help)

[2] Start NewTON project

[3] Renaming "testnet2" to "mainnet"

[4] Creation of TON Foundation

[N_Durov_TON_p_3-4-5] ^ ^a ^b ^c ^d ^e ^f Dr. Nikolai Durov (2019). Telegram Open Network (PDF). pp. 3–4.

[N_Durov_TON_p_5-6] Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 5.

[N_Durov_TON_p_113-7] Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 113.

[N_Durov_TON_p_99-8] Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 99.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

@@ Line 3: / Line 3: @@
 <!-- Once discussion is closed, please place on talk page: {{Old AfD multi|page=The Open Network|date=13 July 2021|result='''keep'''}} -->
 <!-- End of AfD message, feel free to edit beyond this point -->
-{{self published|date=July 2021}}
+{{self published|date=July 2021}}{{Sources unclear|date=July 2021}}{{distinguish|Telegram Open Network}}
-{{distinguish|Telegram Open Network}}
 {{About|The Open Network||Ton (disambiguation) {{!}}TON}}