TON is officially the world’s fastest blockchain
On October 31, we proved that TON is the fastest and most scalable blockchain in the world.
During public performance testing on 256 validator nodes, a speed of 104 715 transactions of smart contract execution per second was set. CertiK, the Web3's leading auditor, participated in the event as an independent party and confirmed the results.
This number not only exceeds all confirmed results of other blockchains, but also exceeds the maximum speed of centralized payment systems such as Visa and MasterCard.
The most impressive thing is that the result is far from the limit. TON can handle millions of transactions per second if there are enough validator nodes in the network.
Read the full recap of the event »
Watch the event »
On October 31, we proved that TON is the fastest and most scalable blockchain in the world.
During public performance testing on 256 validator nodes, a speed of 104 715 transactions of smart contract execution per second was set. CertiK, the Web3's leading auditor, participated in the event as an independent party and confirmed the results.
This number not only exceeds all confirmed results of other blockchains, but also exceeds the maximum speed of centralized payment systems such as Visa and MasterCard.
The most impressive thing is that the result is far from the limit. TON can handle millions of transactions per second if there are enough validator nodes in the network.
Read the full recap of the event »
Watch the event »
Planned Change of the Ecosystem Reserve Address
A planned change of the Ecosystem Reserve address will be performed on Friday, November 3, 2023. This requires transferring the Ecosystem Reserve balance to the new address: EQBmzW4wYlFW0tiBgj5sP1CgSlLdYs-VpjPWM7oPYPYWQEdT.
This transfer is not a response to any security breach or compromise. It is a planned action linked to a change of the security protocol by the reserve holders and involved technical solutions.
A planned change of the Ecosystem Reserve address will be performed on Friday, November 3, 2023. This requires transferring the Ecosystem Reserve balance to the new address: EQBmzW4wYlFW0tiBgj5sP1CgSlLdYs-VpjPWM7oPYPYWQEdT.
This transfer is not a response to any security breach or compromise. It is a planned action linked to a change of the security protocol by the reserve holders and involved technical solutions.
Commitment to decentralization
Since its genesis, TON is a decentralized and self-govern blockchain. Any changes and updates in the network are only possible with the consensus of 66% of the validators.
Today we have removed the last element that could be considered as inconsistent with this principle – the configuration key.
The configuration key could be used in case of emergency to change some technical parameters of the network configuration. This key has never been able to modify of arbitrary smart contracts (e.g balance, code or account data changing). But still it was the last element, which removal was needed to achieve full decentralization of the TON blockchain.
https://tonscan.org/tx/i6oRAQLL8keqIuJmLOi-Sf3bsQblB-5NYt7Sn8YcO5o=
Since its genesis, TON is a decentralized and self-govern blockchain. Any changes and updates in the network are only possible with the consensus of 66% of the validators.
Today we have removed the last element that could be considered as inconsistent with this principle – the configuration key.
The configuration key could be used in case of emergency to change some technical parameters of the network configuration. This key has never been able to modify of arbitrary smart contracts (e.g balance, code or account data changing). But still it was the last element, which removal was needed to achieve full decentralization of the TON blockchain.
https://tonscan.org/tx/i6oRAQLL8keqIuJmLOi-Sf3bsQblB-5NYt7Sn8YcO5o=
The Gateway Rewind
The Open Network Conference hosted by TON Community held in Dubai this November.
Read the highlights »
Watch Day 1 »
Watch Day 2 »
The Open Network Conference hosted by TON Community held in Dubai this November.
Read the highlights »
Watch Day 1 »
Watch Day 2 »
TON Blog
The Gateway Rewind
Let's rewind The Gateway and reflect on the most important announcements, product launches, and tech developments shared during the event.
Meet the long awaited TVM update in mainnet
It has undergone months of testing on testnet, bug bounties and been audited by one of the world's best auditor - Trail of Bits.
This update makes TVM one of the most versatile virtual machines around, including the ability to create Zero-Knowledge protocols.
Multiple community teams have already built amazing services using new functionality:
🌪 Tonnel Network, 💠 Redstone, 💥 Evaa, 💎 TON Teleport, Clean.ton. There were a lot of great ideas at the TVM hackathon.
Network validators have already updated their software on November 30, and new TVM functionality is scheduled to be enabled on December 12.
Read more about TVM update »
Technical documentation »
It has undergone months of testing on testnet, bug bounties and been audited by one of the world's best auditor - Trail of Bits.
This update makes TVM one of the most versatile virtual machines around, including the ability to create Zero-Knowledge protocols.
Multiple community teams have already built amazing services using new functionality:
Network validators have already updated their software on November 30, and new TVM functionality is scheduled to be enabled on December 12.
Read more about TVM update »
Technical documentation »
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For the last two days, the TON blockchain has realized a new milestone while experiencing a significant slowdown in transaction processing.
No smart contracts or user assets are at risk. All sent messages will be processed.
We're working on fixing the problem.
Tech report »
No smart contracts or user assets are at risk. All sent messages will be processed.
We're working on fixing the problem.
Tech report »
Telegraph
TON Technical Incident Report
For the last two days, the TON blockchain has realized a new milestone while experiencing a significant slowdown in transaction processing. The most substantial periods were on 5 Dec 22:30 - 6 Dec 02:30 (Dubai Time) and 6 Dec 22:45 to the current time. No…
Call for Network Validators to get in contact
The TON blockchain is experiencing reduced performance now due to a backlog of transactions in the queue to be validated. We’ve received a response from many validators on the network who have already upgraded using the patch provided this morning.
However, there are still some we have been unable to reach. We need to collect the machine specifications from all validators to progress the upgrade as quickly as possible. If you maintain a TON validator node, please get in touch with us urgently so we can resolve the network performance issues.
You can reach the team via this google form. If you know someone who maintains a validator node on TON, please also feel free to forward this message.
The TON blockchain is experiencing reduced performance now due to a backlog of transactions in the queue to be validated. We’ve received a response from many validators on the network who have already upgraded using the patch provided this morning.
However, there are still some we have been unable to reach. We need to collect the machine specifications from all validators to progress the upgrade as quickly as possible. If you maintain a TON validator node, please get in touch with us urgently so we can resolve the network performance issues.
You can reach the team via this google form. If you know someone who maintains a validator node on TON, please also feel free to forward this message.
Validators voted to activate TVM update
Now TON developers even more equipped to develop cutting edge protocols.
Now TON developers even more equipped to develop cutting edge protocols.
The highlights of 2023
The most significant of last year's many events:
Mass-adoption:
— TON x Telegram;
Performance:
— World blockchain speed and scalability record;
— 80M transactions in 15 days in mainnet;
Tokenomics:
— Achieving transparency and predictability for more than 66% of tokenomics [1] [2] [3];
— Implementation of the mechanism of burning half of the network fees, achieving deflationary in December;
Recognition:
— The Dubai Financial Services Authority added TON;
— Swiss non-profit TON Foundation;
— The Gateway Conference;
Decentralization:
— Deleting the configuration key;
— Network-wide votings has become commonplace;
Usability:
— Lots of updates to wallets, DEX's, staking, bridge and every service in the TON ecosystem;
Integration:
— TON x Trust Wallet, Ledger, Amazon Web Services, Tencent Cloud, Elliptic, Blockchain.com, Animoca Brands, Bitget Wallet, Atomic Wallet, Changelly and many others;
Technology:
— Zero-Knowledge on TON;
— Constant kernel and developer updates;
Read more detailed review and developer report on the blog.
The most significant of last year's many events:
Mass-adoption:
— TON x Telegram;
Performance:
— World blockchain speed and scalability record;
— 80M transactions in 15 days in mainnet;
Tokenomics:
— Achieving transparency and predictability for more than 66% of tokenomics [1] [2] [3];
— Implementation of the mechanism of burning half of the network fees, achieving deflationary in December;
Recognition:
— The Dubai Financial Services Authority added TON;
— Swiss non-profit TON Foundation;
— The Gateway Conference;
Decentralization:
— Deleting the configuration key;
— Network-wide votings has become commonplace;
Usability:
— Lots of updates to wallets, DEX's, staking, bridge and every service in the TON ecosystem;
Integration:
— TON x Trust Wallet, Ledger, Amazon Web Services, Tencent Cloud, Elliptic, Blockchain.com, Animoca Brands, Bitget Wallet, Atomic Wallet, Changelly and many others;
Technology:
— Zero-Knowledge on TON;
— Constant kernel and developer updates;
Read more detailed review and developer report on the blog.
Forwarded from Du Rove's Channel (Pavel Durov)
Broadcast channels on Telegram generate 1 trillion views monthly. Currently, only 10% of these views are monetized with Telegram Ads — a promotion tool designed with privacy in mind.
In March, the Telegram Ad Platform will officially open to all advertisers in nearly a hundred new countries. Channel owners in these countries will start receiving 50% of any revenue that Telegram makes from displaying ads in their channels.
To ensure ad payments and withdrawals are fast and secure, we will exclusively use the TON blockchain. Similar to our approach with Telegram usernames on Fragment, we will sell ads and share revenue with channel owners in Toncoin. This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins — or reinvest them in promoting and upgrading their channels
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Forwarded from Du Rove's Channel (Pavel Durov)
After my last post, some people expressed concern that, as a result of ad sales exclusively for TON, Telegram may end up holding an unhealthy share of Toncoin, which will be too concentrated for a decentralized ecosystem. We acknowledge these concerns and have come up with a solution.
To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.
Potential investors in TON have been actively trying to reach out to us through various means. To make the process of any TON sales from Telegram fair and streamlined, we set up a new email address [email protected], where large investors ($1M+) can express their interest. Thanks to the participation of more long-term holders, TON will remain stable and decentralized.
To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.
Potential investors in TON have been actively trying to reach out to us through various means. To make the process of any TON sales from Telegram fair and streamlined, we set up a new email address [email protected], where large investors ($1M+) can express their interest. Thanks to the participation of more long-term holders, TON will remain stable and decentralized.
The Open League Season 1
$115M for TON Community 🤩
Read more:
https://blog.ton.org/april-1st-the-open-league-season-1-115-million-in-toncoin-community-rewards
For projects:
https://blog.ton.org/the-open-league-season-1-for-projects
$115M for TON Community 🤩
Read more:
https://blog.ton.org/april-1st-the-open-league-season-1-115-million-in-toncoin-community-rewards
For projects:
https://blog.ton.org/the-open-league-season-1-for-projects
TON Blog
April 1st. The Open League Season 1. $115 million in Toncoin community rewards.
The Open League's pilot season saw a 70% increase in TVL and a 370% rise in daily active wallets in two weeks, prompting expansion efforts. The TON Foundation will distribute
Voting to reduce network fees
TON has always been known for its low network fees.
Fees in TON are fixed (in Toncoin) and do not depend on the load in the network in any way. However, given the rise of Toncoin price, they are no longer so low in terms of dollars.
Fortunately, TON provides a mechanism for reducing the cost of fees by network-wide voting.
We encourage validators to vote for this fee reduction.
https://telegra.ph/Making-TON-the-Most-Affordable-scalable-Layer-1-Network-04-16
How to vote »
TON has always been known for its low network fees.
Fees in TON are fixed (in Toncoin) and do not depend on the load in the network in any way. However, given the rise of Toncoin price, they are no longer so low in terms of dollars.
Fortunately, TON provides a mechanism for reducing the cost of fees by network-wide voting.
We encourage validators to vote for this fee reduction.
https://telegra.ph/Making-TON-the-Most-Affordable-scalable-Layer-1-Network-04-16
How to vote »
Telegraph
Making TON the Most Affordable, scalable Layer 1 Network.
The TON Core team wants to share with the validator community new plans to improve our ecosystem’s affordability and growth. The team is looking to introduce an initiative to cut transaction fees, making TON transactions more affordable to encourage activity…
Validators voted to reduce fees
Network fees decreased by 2.5 times. We thank the validators for your choice.
This is the first use of the TON fees reduction mechanism on the mainnet.
Validators also voted for the first precompiled smart contract, which will further reduce fees for USDt in particular.
Developers please pay attention to the guidelines.
Network fees decreased by 2.5 times. We thank the validators for your choice.
This is the first use of the TON fees reduction mechanism on the mainnet.
Validators also voted for the first precompiled smart contract, which will further reduce fees for USDt in particular.
Developers please pay attention to the guidelines.
Key highlights of the groundbreaking perfomance of Telegram, TON and Tether at TOKEN2049
— Telegram is #6 most used app in the world. 900M MAU, 360M Mini Apps MAU. The number of Mini Apps users can be doubled.
— Telegram Mini Apps, Wallet and TON blockchain provide unprecedented opportunities for developers — an example is Notcoin, which engaged 35M users in 3 months.
— Telegram has launched Ad revenue sharing — payments and withdrawals in TON.
— Telegram will also launch optional monetization of large public chat groups.
— Announce of a revenue sharing model for tips to creators — withdrawals in TON.
— Telegram will allow users to buy digital goods and services — withdrawals in TON.
— Telegram will tokenize stickers and emoji.
— Tether launched USDt on TON. Tether noted the scalability of the TON blockchain and its low fees.
Recording of the perfomance »
— Telegram is #6 most used app in the world. 900M MAU, 360M Mini Apps MAU. The number of Mini Apps users can be doubled.
— Telegram Mini Apps, Wallet and TON blockchain provide unprecedented opportunities for developers — an example is Notcoin, which engaged 35M users in 3 months.
— Telegram has launched Ad revenue sharing — payments and withdrawals in TON.
— Telegram will also launch optional monetization of large public chat groups.
— Announce of a revenue sharing model for tips to creators — withdrawals in TON.
— Telegram will allow users to buy digital goods and services — withdrawals in TON.
— Telegram will tokenize stickers and emoji.
— Tether launched USDt on TON. Tether noted the scalability of the TON blockchain and its low fees.
Recording of the perfomance »
YouTube
Token 2049 Announcement
Pavel Durov, CEO of Telegram
Andrew Rogozov, Founder and CEO of The Open Platform
Paolo Ardoino, CEO of Tether
Andrew Rogozov, Founder and CEO of The Open Platform
Paolo Ardoino, CEO of Tether
USDt on TON
— Already integrated into @wallet and into many exchanges, onramp and services.
— Free withdrawals from major exchanges and @wallet until the end of June.
— 11M Toncoin rewards for USDt users.
— USDt-TON Learn and Earn campaign on OKX.
— Low on-chain fees.
— Soon: on-chain fees in USDT.
https://ton.org/en/borderless
— Already integrated into @wallet and into many exchanges, onramp and services.
— Free withdrawals from major exchanges and @wallet until the end of June.
— 11M Toncoin rewards for USDt users.
— USDt-TON Learn and Earn campaign on OKX.
— Low on-chain fees.
— Soon: on-chain fees in USDT.
https://ton.org/en/borderless
TON
Send Digital Dollars to
anyone, anywhere.
anyone, anywhere.
Digital Dollars on TON are based on USDT, a US dollar backed stablecoin. Now you can send and receive them right in Telegram. As easy as sending a message.
Attention TON Community 💎
If you have experience with learning and development on TON and have noticed something missing in the documentation or tools, this is your chance to let us know.
We encourage every community member to share their experiences with TON development by participating in our survey.
The survey encompasses four key topics and will take approximately 5-8 minutes of your time.
We invite you to contribute to this important initiative and share your valuable experiences here:
👉 https://nletwfvh.paperform.co
If you have experience with learning and development on TON and have noticed something missing in the documentation or tools, this is your chance to let us know.
We encourage every community member to share their experiences with TON development by participating in our survey.
The survey encompasses four key topics and will take approximately 5-8 minutes of your time.
We invite you to contribute to this important initiative and share your valuable experiences here:
👉 https://nletwfvh.paperform.co