Welcome to EverybodyWiki 😃 ! Nuvola apps kgpg.png Log in or ➕👤 create an account to improve, watchlist or create an article like a 🏭 company page or a 👨👩 bio (yours ?)...

The Open Network

From EverybodyWiki Bios & Wiki


The Open Network
The Open Network logo.png
Other namesTON
Repositorygithub.com/newton-blockchain
Written inC++
Engine
    LicenseGNU LGPL v2
    Websitetoncoin.org

    Amazon.com Logo.png Search The Open Network on Amazon.

    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[edit]

    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[edit]

    Wallet example
    For access to wallets uses 24 secret words, on the basis of which calculates 256-bit private key of the wallet

    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[edit]

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

    TON Payments[edit]

    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[edit]

    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[edit]

    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[edit]

    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[edit]

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

    TON Workchains[edit]

    TON consists of the masterchain and up to 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[edit]

    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[edit]

    1. 1.0 1.1 Pavel Durov (2020-05-12). "What Was TON And Why It Is Over".
    2. Start NewTON project
    3. Renaming "testnet2" to "mainnet"
    4. Creation of TON Foundation
    5. 5.0 5.1 5.2 5.3 5.4 5.5 Dr. Nikolai Durov (2019). Telegram Open Network (PDF). pp. 3–4. Search this book on Amazon.com Logo.png
    6. 6.0 6.1 Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 5. Search this book on Amazon.com Logo.png
    7. Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 113. Search this book on Amazon.com Logo.png
    8. Dr. Nikolai Durov (2019). Telegram Open Network (PDF). p. 99. Search this book on Amazon.com Logo.png

    External links[edit]



    This article "The Open Network" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:The Open Network. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.