Original Author: @0x Bryan
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Summary
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A. Overview TON
The sharding technology of The Open Network (TON) can make the network faster, safer, and more scalable, which is one of the core problems that blockchain technology needs to solve. In addition, the platform supports smart contracts, which can be used to build various applications on the platform, which provides developers with more flexible and customizable options. TON consists of multiple components, including a flexible multi-blockchain platform with Turing-complete smart contracts, an upgradable formal blockchain specification, multiple cryptocurrency value transfers, support for micropayment channels and off-chain payment networks, etc. Function. TON also has some novel and unique features, such as self-healing vertical blockchain mechanism and functions such as instant routing, making it fast, reliable, scalable and self-consistent.
TON once failed to launch smoothly during the ICO, but this did not stop developers and researchers from continuing to explore its technology and potential. Currently, some communities are continuing to develop TON code and use it in various application scenarios. For example, some developers are using TON technology to build decentralized communication and social applications. These applications do not depend on any third-party centralized institutions and are more secure and private. In addition, TONs technology is also applied to build decentralized financial applications, such as decentralized exchanges and financial derivatives platforms. These applications have higher security and transparency, which can help users conduct transactions more safely and avoid the risk of centralized institutions. At the same time, TON adopts a unique consensus mechanism called Proof-of-Stake (POS), which is different from the Proof-of-Work (POW) mechanism adopted by Bitcoin. The POS mechanism can improve the efficiency and scalability of the network while reducing the dependence on massive power and computing resources. In addition, TON also has a radio-based communication protocol, the Radio Communication Protocol (RCS). This protocol allows users to communicate and transact via radio signals. This technology allows users to conduct transactions without the Internet and mobile signals, greatly improving user convenience and security.
To sum up, although TON has encountered difficulties, it has now been reborn from nirvana. With the continuous development of blockchain technology and the expansion of application scenarios, TON will become an important participant in the blockchain field, providing users with more secure and efficient transaction methods. In the future, we have reason to believe that TON will receive attention again and become an indispensable part of the blockchain field.
B. Comparison of TON with other blockchain platforms[10][11]
C. Advantages of TON
Compared with other blockchains, TON has the following advantages:
1. Scalability: TON has local sharding support and can handle millions of transactions per second. This makes it suitable for large-scale applications.
2. Custom work chain: TON supports custom work chain, which means that users can create their own blockchain according to their needs.
3. Tight coupling: TON is a tightly coupled multi-blockchain system that can quickly forward messages between different blockchains and maintain a consistent state.
4. Security: TON adopts the BFT PoS consensus algorithm, which means it is highly secure and decentralized.
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II. Architecture of TON
A. TON’s network architecture
TONs network architecture includes the following components:
1. TON Blockchain: TON Blockchain is a tightly coupled multi-blockchain system with local sharding support and custom work chain functions.
2. TON Network: The TON network is a peer-to-peer network covering the world for the transmission of data and messages.
3. TON VM: TON virtual machine is a stack-based virtual machine for executing smart contracts.
4. TON Storage: TON Storage is a distributed storage platform for storing arbitrary files.
5. TON Proxy: TON Proxy is an anonymous network access service for accessing TON-based services.
6. TON DNS: TON DNS is a service that translates human-readable object identifiers into their addresses.
7. TON Payments: TON payment provides functions such as payment channel and lightning network, which can realize fast and low-cost off-chain payment.
B. Consensus Mechanism of TON
The consensus mechanism of TON is based on the BFT PoS consensus algorithm. In this algorithm, participants need to own a certain number of tokens (called validators) and use these tokens as collateral to participate in the maintenance and verification of the blockchain network. Verifiers are randomly selected to create new blocks and need to sign and broadcast the new blocks. If a validator does not complete these tasks, they will lose their collateral and be removed from the validator list.
TON also introduces a concept called sharding, where each shard is maintained by a set of validators. This makes the network more efficient and scalable, and allows processing a large number of transactions. In addition, TON also uses a mechanism called vertical blockchain, which can self-heal and improve the security and reliability of the entire network.
C. Scalability and Security of TON
The TON network is highly scalable and secure. TON is capable of processing millions of transactions per second, which makes it one of the fastest public chains out there. In addition, TON blockchain has unique features such as self-healing vertical blockchain mechanism and instant routing, making it fast, reliable, scalable and self-consistent at the same time. In terms of security, TON comprehensively uses cryptographic technology to ensure the integrity and confidentiality of transactions. For example, the TON blockchain supports multi-cryptocurrency value transfers and payment channels, allowing safe and efficient fund transfers. At the same time, even if some nodes on the chain fail or behave maliciously, TONs consensus mechanism can ensure that the network continues to operate. The combination of scalability and security makes TON a public chain with a bright future.
D. TONs asynchronous smart contract[5] and Actor model[1]
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III. The development history of TON
A. The predecessor of TON
The predecessor of TON is Telegram Open Network, a blockchain project created by Telegram. The project initially started development in 2017 to provide a faster, more secure and more scalable service for Telegram Messenger. However, due to a series of legal and regulatory issues, Telegram was forced to abandon the project and transfer it to a new entity, TON Labs. Now, TON Labs is continuing to develop and advance the project, and plans to launch a series of applications and services based on the TON blockchain in the future.
B. The founder and development history of TON
The founder of TON is Russian entrepreneur Pavel Durov, who is also the founder of Telegram Messenger. Durov started the development of the TON project in 2017 and devoted a lot of time and resources to advancing the project in the following years. In 2020, due to regulatory issues [6], Telegram withdrew from the TON project, and then in 2021, open source software developers formed TON Labs [7] to continue developing the TON network.
C. Important Milestones of TON
1. 2017: Telegram started developing the TON project.
2. 2018: Telegram raised more than $1 billion in private placements to support the development of the TON project.
3. 2019: The SEC (U.S. Securities and Exchange Commission) investigated Telegram and accused it of illegally selling securities. This led to Telegram being forced to abandon the TON project and transfer it to TON Labs [6].
4. 2020: TON Labs launched the Free TON network, a community-driven release designed to continue the development of the TON project.
5. 2021: TON Labs announced the launch of Asynchronous Smart Contract (AISC), a new type of smart contract that enables more efficient, secure and flexible blockchain applications.
6. In 2022, TON Nominator Pools, TON DeFi, TON DNS, TON payment, TON Proxy, TON Sites and TON Storage will be launched one after another.
7. In Q1 of 2023, TON will complete the 100-fold stress test, build the Token Bridge and distribute the 2022 TON rewards.
D. Future development plan of TON
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source:https://ton.org/roadmap
IV. How to get TON coin?
A. Build a TON node and become a validator[ 14 ]
A node in the TON network refers to a computer or server in the network that processes transactions and maintains the state of the blockchain. Anyone can become a node, just download and run the TON node software. Nodes are required to store a copy of the entire blockchain and handle the broadcasting and validation of new transactions and blocks.
source:
source:https://ton.org/validator[ 14 ]
B. TON wallet and exchange
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Source: Telegram APP
source:
source:https://ton.app/
source:
source:https://ton.app/ https://ton.org/buy-toncoin
source:https://ton.app/ https://ton.org/buy-toncoin
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source:https://ton.org/buy-toncoin
Application Scenarios of V. TON
A. Financial sector
source:
source:https://ton.app/bridges
1) Bridge between TON and ETH and BSC
source:
source:https://bridge.ton.org/
2) Bridge between multiple chains
source:
source:https://bridge.orbitchain.io/
source:https://bridge.orbitchain.io/
B. GameFi
source:
source:https://ton.app/gaming
source:
source:https://tonplanets.com/
source:
source:https://tonarchy.online/
source:
source:https://ton.app/gambling
C. Digital assets
TON blockchain can provide a safe, transparent and decentralized environment for the creation, storage, management and transaction of digital assets. The TON blockchain supports multiple types of digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and more.
1) Cryptocurrency
source:
source:https://ton.app/tokens
2 ）NFT
The NFT ecology on TON is basically mature, with both the NFT market and NFT projects, covering basically all categories of NFT. From pixel PFP to 3D NFT, from cross-platform NFT game projects to NFT wearable device projects, the NFT ecology on the TON chain has shown vigorous development. inGetgems.iosource:
source:https://ton.app/nft
source:https://ton.app/nft
D. Security and Data Privacy
The open network blockchain uses a concurrent computing model called the actor model (Actor Model), which enables each smart contract to change its state or send one or more messages only when it receives a message. In this way, the entire blockchain and each contract can achieve unlimited scalability and parallelism, and ensure data security and privacy. The open network blockchain also uses a mechanism called a validator (Validator), which allows anyone to run and maintain a blockchain node to check the validity of the block and get Ton coin as a reward.
source:
source:https://fragment.com/numbers
source:https://fragment.com/numbers
source:https://ton.org/en [ 7 ]
E. SocialFi
source:
source:https://ton.app/social
F. DeFi&LSD
Since the upgrade of ETH 2.0, the DeFi derivative LSD protocol has become a booming track.STON.fi currently on TONDeFi products such as DeDust.io and Megaton Finance have entered a relatively mature stage, but LSD protocol-related products are still a blue ocean. As the TON ecosystem continues to grow, it becomes increasingly important to have a reliable and secure staking solution [25]. OpenStake[24][25] is a liquidity management solution based on the LSD protocol built on the TON network. In addition to allowing users to join the development of the TON ecosystem with very low learning and participation costs, they can also participate in lending, pledging, and mining mining activities.
OpenStake offers several features that make it a popular staking solution among users [24]. These functions include:
1. Automatic staking rewards: OpenStakes smart contract automatically collects staking rewards from the TON network and distributes them to users wallets in the form of rebase tokens, making the staking process automatic and hassle-free.
2. High annual rate of return: According to the number of pledged tokens and the overall pledge rate of the network, users can obtain up to 5% annual rate of return (APY). OpenStake allocates 80% of the revenue to users and 10% to the security model, ensuring the safety and security of the platform. This is higher than some other staking platforms that only distribute 60% of staking rewards.
3. Trustless platform: OpenStake is built on a trustless system, providing users with a safe and transparent platform to mortgage their digital assets
4. Integrated TON wallet: OpenStake seamlessly integrates with the official TON wallet, allowing users to easily manage their tokens and stake them on the platform.
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VI. Conclusions and recommendations
Advantage:
Advantage:
1. TON is a fully decentralized first-tier blockchain that enables high-speed, low-cost, and scalable transactions.
2. TON uses the POS consensus mechanism, which saves energy consumption and improves network security.
3. TON uses Actor Model as a concurrent computing model for smart contracts, which improves data privacy and security.
4. TON supports cross-chain communication and can interoperate with other blockchains.
insufficient:
1. At present, TON has not fully realized its design goals, and still needs the maintenance and development of the open source community.
2. The market awareness and influence of TON are not as good as some other mainstream blockchain platforms, such as Ethereum, Polkadot, etc.
3. Issues left over from history: TON may face some legal and regulatory challenges, such as the relationship with Telegram Messenger and the legitimacy of Ton coin tokens [6].
4. Competition: TON needs to compete with other more mature blockchain platforms, such as Ethereum 2.0, Solana, etc.
B. Views on the future development of TON
The future development of TON has the following aspects:
1. Technological innovation.As a fully decentralized first-layer blockchain, TON has many advanced technical features, such as actor model, cross-chain communication, proof of ownership, etc. These technologies enable TON to implement efficient, secure, and scalable transactions and smart contracts. I believe TON will continue to innovate and optimize its technology to improve its performance and functionality while maintaining its decentralized and open nature.
2. Ecological construction.As an open network, TON needs to attract more developers, users and partners to build a rich and active ecosystem. I think TON will promote the development of the ecology by providing friendly development tools, documentation and tutorials, as well as incentivizing and supporting excellent projects and applications. I also look forward to more cooperation and interaction between TON and other blockchain platforms to realize the flow of value and information.
3. Community governance.As a community-driven network, TON needs to establish an effective and fair governance mechanism to coordinate the interests and demands of all parties, as well as respond to possible challenges and crises. I think TON will achieve community governance by using Toncoin tokens as the carrier of governance rights and designing reasonable voting and decision-making processes. I also hope that TON can learn from the experience and lessons of other successful blockchain projects to avoid some common problems and risks.
4. Legal compliance.As a global network, TON needs to abide by the laws and regulatory rules of different countries and regions to protect its legality and sustainability. I think TON will adapt to the requirements of legal compliance by communicating and negotiating with relevant agencies, and adjusting its strategy and operations. I also believe that TON will win more trust and support by improving its transparency and social responsibility, and actively participating in industry self-regulation and standard setting.
C. Advice on how investors and developers can participate in the development of the TON ecosystem
How investors and developers participate in the development of the TON ecosystem can be cut from the following aspects:
1. Investors can participate in the development of the TON ecosystem by purchasing and holding Toncoin tokens. Toncoin is the native token of the TON network. It can be used to pay transaction fees, protect the blockchain through pledges, determine the development direction of the network, and settle payments. Investors can obtain Toncoin on some exchanges or decentralized platforms, and can also obtain Toncoin rewards by participating in some community activities or projects. Investors should pay attention to Toncoins price fluctuations and market risks, as well as the laws and regulatory rules of different countries and regions.
2. Investors can also participate in the development of the TON ecosystem by investing in some projects or applications based on the TON network. The TON network supports multiple types of digital assets, including cryptocurrencies, non-fungible tokens (NFTs), stable coins, and more. Investors can discover and support some potential projects or applications on some platforms, such as NFT projects, Gamefi projects, Socialfi projects, etc. Investors should pay attention to the quality and reputation of the project or application, as well as the possible risk of fraud and fraud.
3. Developers can participate in the development of the TON ecosystem by developing and deploying some smart contracts or applications based on the TON network. The TON network provides some friendly development tools, documents and tutorials, as well as some general libraries and frameworks, allowing developers to easily create various types of smart contracts or applications. Developers can find the source code and examples of the TON network on GitHub, or join on TelegramTON communityChat with other developers. Developers should abide by relevant technical standards and specifications to ensure the security and reliability of smart contracts or applications.
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VII. References:
[ 1 ]. https://docs.ton.org/ton.pdf
[ 2 ]. https://solana.com/solana-whitepaper.pdf
[ 3 ]. https://ethereum.org/en/whitepaper/
[ 4 ]. https://ethos.dev/beacon-chain
[ 5 ]. https://telegra.ph/Its-time-to-try-something-new-Asynchronous-smart-contracts-03-25
[ 6 ]. https://en.wikipedia.org/wiki/Telegram_Open_Network
[ 7 ]. https://ton.org/en
[ 8 ]. https://ton.app/wallets
[ 9 ]. https://github.com/ton-blockchain
[ 10 ]. https://ton.org/analysis
[ 11 ]. https://ton.org/comparison_of_blockchains.pdf
[ 12 ]. https://tonarchy.online/
[ 13 ]. https://ton.org/roadmap
[ 14 ]. https://ton.org/validator
[ 15 ]. https://tonviewer.com/
[ 16 ]. https://m 3 talab.io/reports/ton-telegram-open-network
[ 17 ]. https://etherscan.io/charts
[ 18 ]. https://solscan.io/validator https://explorer.solana.com/
[ 19 ]. https://solana.com/zh/validators
[ 20 ]. https://ton.app/social
[ 21 ]. https://fragment.com/numbers
[ 22 ]. https://fragment.com/
[ 24 ]. https://docs.openstake.org/
[ 25 ]. https://openstake-ton.medium.com/why-staking-with-openstake-1188 ca 2783 c 3
[ 26 ]. https://www.oklink.com/cn/eth
