Toncoin

TONcoin – Telegram crypto coin/token

TON blockchain has been created by Durov’s brothers – Pavel and Nikolai. They are known for being the creators of the largest Russian-speaking social network VKontakte (you may call it Russian Facebook) and Telegram messenger.

Who is Pavel Durov?

Pavel is a public figure and entrepreneur in those projects while his brother Nikolai – mathematician, scientist, winner of multiple international programming contests – is a lead developer.

Pavel Durov has always been an adept of libertarianism, who repudiates the power of states and disrespects the authority that governments exercise over entrepreneurial initiatives.

In 2011, Russian government demanded he shut down the VKontakte pages of opposition politicians after parliamentary elections that the European Court of Human Rights later denounced as “unfair” and “compromised.”

Durov responded by posting on Twitter a picture of a dog with its tongue out. The police showed up at his St. Petersburg apartment soon after, but he wouldn’t answer the door, and they went home after an hour.

The following year, Durov was sought by Russian police for his role in a disputed hit-and-run that Durov and his associates claimed was part of a political attack. The charges were later downgraded, but Durov had already fled Russia. He is now a citizen of the Caribbean island nation of Saint Kitts and Nevis, though he lives in Dubai.

In 2018, Pavel Durov refused to grant Russian security services access to users’ encrypted messages on Telegram to find the leaders of Russian opposition groups. The reply from authorities was either submit or become wiped off the country’s digital map.

Neither happened. Using a combination of wily cyber-dodging tactics and the force of Telegram’s growing reach, the 35-year-old Russian-born entrepreneur humiliated and outmaneuvered Russia’s state telecommunications regulator, Roskomnadzor.

What is Telegram Messenger?

Telegram was founded in 2013 by the people above to preserve freedom through encryption. The project has declared not-for-profit goals and remains independent and self-funded.

Like Wikipedia, which for years has been a role model for the Telegram founders (Durov donated $1M to Wikipedia in 2012), Telegram has chosen an ‘.org’ domain to emphasize its non-commercial status.

The physical infrastructure of Telegram reflects its founders’ belief in larger decentralization.

Telegram deploys a distributed server infrastructure to synchronize encrypted data across multiple independent server clusters spread across different continents and jurisdictions.

The resulting combination of speed, encryption, and independence attracted millions of users within a few months after the project’s launch in 2013. Telegram kept evolving with an average of 12 major updates a year.

By February 2016, it had 100 million monthly active users and was delivering 15 billion messages daily.

Today, this app has 550 million monthly active users and 55.2 million daily active users.

What is TON blockchain and Ton Coin?

The TON Blockchain is actually a collection of blockchains, even a collection of blockchains of blockchains, because no single blockchain project is capable of achieving the goal of processing millions of transactions per second, as opposed to the now-standard dozens of transactions per second.

To achieve scalability, TON has built-in support for sharding: TON blockchains can automatically split and merge to accommodate changes in load. This means that new blocks are always generated quickly and the absence of long queues helps keep transaction fees low, even if some of the services using the platform become massively popular.

Initially, the TON was supposed to use Proof-of-Stake approach. However, after SEC shut down the project, all the available coins (5 billion) were sent to smart-contracts called ‘givers’.

Some of those coins are still available to be mined by anyone. All coins will be mined by June-July this year.

TON infrastructure

The TON blockchain components are:

TON Storage

TON Storage is a torrent-like file-storage technology available for storing files. It is similar to a distributed Dropbox, but also paves the way for more complex decentralized apps that require storing large amounts of data, such as Youtube — or Telegram.

TON Domain Name System (DNS)

TON DNS is a service for assigning human-readable names to accounts, smart contracts and services. With TON DNS, accessing decentralized services can be similar to viewing a website on the World Wide Web

For example, instead of sending money to an address containing numbers and letters, we will be using a name that our recipient has given to his wallet address.

TON Proxy

TON Proxy is a network layer used to hide the identity and IP addresses of TON nodes. TON Proxy can make any service, including Telegram, effectively immune to censorship. Forget about cookies and websites tracking you. This is so 2021.

TON Services

TON Services provides a platform for third-party services of any kind that enables smartphone-like friendly interfaces for decentralized apps and smart contracts, as well as a World Wide Web-like decentralized browsing experience.

TON Payments

TON Payments is a platform for micropayments and a micropayment channel network. It can be used for instant off-chain value transfers between users, bots, and other services.

TON blockchain official websites
https://ton.org/
https://tontech.io/stats/

TON official communities
https://t.me/tonblockchain
https://t.me/toncoin

TON subscription service for private channels
https://t.me/subscription

TON transactions explorers
https://ton.sh/
https://ton.page
https://tonscan.org
https://tonmoon.org

TON NFT marketplace (soon to be launched)
https://getgems.io/
https://t.me/getgems

TON wallets
Non-custodial wallets (good for keeping your coins there as you own the wallets keys)
https://tonkeeper.com/

Marcus Richardson

I tinker with IT and music.

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