Toncoin (TON): A Scalable & Shardable Layer 1 Blockchain
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TON, or The Open Network, is a unique community-driven blockchain with a lot to offer. Founded by Telegram, TON was created to onboard billions of users and allow for quick, inexpensive and energy-efficient blockchain transactions. All of its features were developed with everyday users in mind.
In addition to offering ultra-fast transactions, tiny fees and easy-to-use apps, The Open Network is known for its flexible architecture and scalability. It is also environmentally friendly. Before you invest in Toncoin, the network’s native token, use this guide to learn more about the history of TON and its uses.
Key Takeaways:
Toncoin is the token native to The Open Network (TON), a decentralized Layer 1 blockchain network.
TON recently launched an on-chain governance platform known as TON VOTE, significantly increasing Toncoin's transaction volume by 98%.
The integration of Toncoin into Ledger's hardware wallet has enhanced its security and market credibility.
Looking to trade TON tokens? Bybit now offers the TON/USDT Spot trading pair and TONUSDT Perpetual contracts.