Unlocking the Secrets of TON by Telegram in 2024

TON is riding a fresh wave of popularity following the debut of its wallet feature on Telegram. But this spotlight moment overshadows the project's arduous and often under-appreciated trek towards triumph.
Yaroslav Kuntsevych
Yaroslav Kuntsevych
<span>Unlocking the Secrets of TON by Telegram in 2024</span>

1. The Odyssey of TON

In the limelight once again, TON experiences a resurgence with the introduction of its wallet feature on Telegram. However, beneath this newfound attention lies the less-trodden path of TON’s journey—a path marked by challenges, resilience, and a quest for triumph.

2. The Vision Fueling TON

Conceived by the Telegram team, The Open Network (TON) envisioned a future where its native currency, Gram, would play a pivotal role. The successful 2018 initial coin offering (ICO), amassing nearly $3 billion, set the stage for TON’s ambitious plans. The subsequent year witnessed the launch of the TON testnet and preparations for the main network, only to face a regulatory hurdle from the U.S. Securities and Exchange Commission (SEC). Opting to bow out gracefully, Telegram halted the project in response to the SEC’s intervention.

3. Deconstructing the TON Framework

At its core, TON comprises four essential components—a foundational layer-1 blockchain, TON DNS for domain names, TON storage solutions, and TON-powered websites. Acting as the cohesive force is Toncoin (TON), the native currency facilitating transactions, fees, and staking. The comprehensive TON site serves as a centralized hub, offering wallets, trading services, staking facilities, TON-based payment setups, and more.

4. The Symbiotic Link with Telegram

Born from Telegram’s crypto initiative, TON faced regulatory obstacles, leading to its plans becoming public knowledge. Various development teams, including The Open Network team, embraced these blueprints. Telegram’s influence is evident, with the messaging app utilizing TON’s blockchain tech for short domain services and integrating TON’s features, like the crypto wallet, within its ecosystem.

5. TON’s Need for Speed

TON stands out for its remarkable speed, achieving a staggering 100,000 transactions per second in a performance test. Comparing favorably against other prominent blockchains, TON surpasses them in Transactions Per Second (TPS), with Toncoin leading the pack at 104,715 TPS. This places TON in a league of its own, outpacing contenders such as Solana, Polygon, and Avalanche.

TON Speed: Racing Ahead in the Crypto Velocity Challenge

In the realm of cryptocurrency, speed is often the defining metric, and TON (Telegram Open Network) emerges as a front-runner, shattering records and redefining performance benchmarks. As of 2023, TON proudly boasts a remarkable speed, reaching an impressive 100,000 transactions per second (TPS) in rigorous performance tests.

Let’s contextualize this feat by comparing TON’s TPS with other prominent blockchains, creating a vivid snapshot of its velocity prowess:

  1. Toncoin (TON): 104,715 TPS
  2. Solana (SOL): 59,400 TPS
  3. Polygon (MATIC) L2: 7,000 TPS
  4. Avalanche (AVAX): 4,500 TPS
  5. BNB Smart Chain: 2,200 TPS
  6. TRON (TRX): 2,000 TPS
  7. Ripple (XRP): 1,500 TPS
  8. Polkadot (DOT): 1,000 TPS
  9. Monero (XMR): 1,000 TPS
  10. Cardano (ADA): 250 TPS
  11. Stellar (XLM): 200 TPS
  12. Bitcoin Cash: 130 TPS
  13. Litecoin (LTC) L2: 56 TPS
  14. Dogecoin: 33 TPS
  15. Ethereum: 20 TPS
  16. Bitcoin: 7 TPS

TON’s meteoric TPS places it at the zenith of transactional velocity, outpacing even the most established players in the crypto arena. This unparalleled speed is not merely a statistic but an embodiment of TON’s commitment to efficiency, scalability, and seamless user experiences.

In the race for crypto dominance, TON accelerates ahead, leaving a trail of technological excellence and pushing the boundaries of what’s possible in the ever-evolving landscape of decentralized networks. As users navigate the digital realm at breakneck speed, TON stands as a testament to the convergence of innovation and performance, solidifying its position as a force to be reckoned with in the crypto velocity challenge.

6. TON Employment Arena

The TON job market gains prominence, especially with the debut of the wallet feature on Telegram. Users now engage in buying, selling, swapping, and shipping cryptocurrency directly to contacts, seamlessly integrated into Telegram as a mini-app via the @wallet bot. The promise of utmost respect for personal data accompanies this full-service feature.

In unraveling the intricacies of TON by Telegram in 2024, we witness not just a resurgence but the unfolding of a narrative that intertwines technological prowess, regulatory challenges, and a visionary quest for redefining the landscape of decentralized finance.

7. In Conclusion: Decoding the TON-Tapestry of 2024

As we traverse the intricacies of TON by Telegram in 2024, a tapestry of technological resilience, visionary ambition, and regulatory dynamics unfolds. The resurgence of TON, highlighted by the integration of its wallet feature into Telegram, marks a pivotal moment in its journey. Born from the ambitious plans of the Telegram team, TON faced regulatory hurdles, leading to a strategic retreat but not without leaving an indelible mark on the crypto landscape.

The visionary dream behind TON remains clear—a seamless, user-friendly app empowering individuals to transact, store digital assets, and engage in a decentralized financial ecosystem. The TON structure, encompassing foundational blockchain layers, domain services, storage solutions, and native currency (Toncoin), paints a comprehensive picture of its multifaceted approach.

The symbiotic relationship with Telegram echoes in every facet of TON’s existence, from the utilization of blockchain tech for short domain services to the integration of the crypto wallet within the Telegram ecosystem. TON’s need for speed is not just a claim but a performance-tested reality, with a remarkable 100,000 transactions per second, surpassing industry benchmarks.

As TON infiltrates the employment arena, with users seamlessly engaging in cryptocurrency activities via Telegram’s mini-app, the promise of data integrity and user privacy stands as a testament to its commitment. The intricate dance of technological prowess and regulatory compliance paints TON as not just a cryptocurrency but a narrative unfolding at the intersection of ambition, innovation, and resilience.

In 2024, TON is more than a digital currency; it is a story—a story still being written, still evolving, and promising a future where the decentralized financial landscape is not just a concept but a lived reality. The journey continues, and with each integration, each transaction, and each innovation, TON etches its place in the ever-evolving narrative of decentralized finance.