​The Whiterabbit team, a contributor to the TON: DeFi Landscap | TON Community

​The Whiterabbit team, a contributor to the TON: DeFi Landscape report, has published a new article about TON mining history analysis.

The team conducted an on-chain analysis to examine the connections between the initial miners, validators, and the core TON community.

Article Summary:

96% of the TON supply was distributed to miners between July and August 2020;

At least 85.8% of the supply was mined by a few groups of miners connected with each other and affiliated with TON Foundation;

Funds from these miner groups are used by network validators that control 2/3 of the TON Blockchain PoS consensus;

The recent vote to freeze inactive wallets will give confidence to potential investors and builders but ultimately more steps need to be taken to ensure long-term confidence in the ecosystem.

Data collected from TON Blockchain is made available to enable the reproducibility of research.

In addition, TON Foundation provides a commentary at the end of the article highlighting the need to continuously support transparency and visibility.

We are glad that independent research groups are taking an interest and analyzing TON for the benefit of the wider community.

Over the next few weeks, TON Foundation plans to release a summary blog post on the TON Blog and an open dataset on the TON website, which will cover the history of mining.

Stay tuned.