2021 is the year of great success for TON We started the las | The Open Network

2021 is the year of great success for TON

We started the last year almost from scratch. In January 2021, we had practically nothing but a strong desire to bring TON technology back to life.

The abandoned network was kept alive by no more than 10 enthusiastic validators. There was no infrastructure, the project didn't even have an up-to-date website.

With great efforts, we have succeeded in all areas, so let us tell you about our steps in order.


Development and infrastructure

Thanks to bug hunting, improvements in the base code, and network configuration, today we have a working, stable and secure network.

— The slashing system has been set up and mytonctrl, convenient software for validators, has been developed.

— The number of blockchain validators has increased by 1450%: from 10 to 155. Their total stake is now more than 112,000,000 Toncoin.

— The whole infrastructure has been built: API, DHT nodes, liteservers, and archive nodes that store the entire history of the blockchain.

— The number of liteservers has increased from 1 to 40.

— Web documentation, SDK for various languages, development tools (such as mylocalton) have been created, contests for developers have been launched.

— Standard wallet applications for all platforms have been restored and decentralized bridges between TON, Ethereum, and Binance Smart Chain have been built.

— Some of the biggest launches last year were: Tonkeeper, TON Extension, ton.app, as well as bots @wallet and @CryptoBot, which set high standards of excellent UX in the blockchain world.

— At the end of the year, we have launched a system of decentralized subscriptions that takes full advantage of TON's capabilities. Such a product can only be made on a fast and scalable blockchain with cheap transactions and the right approach to creating of user interfaces.

Mining

Thanks to the successful development of the network, there is a constantly growing interest in Toncoin mining. The equipment cost set the initial value of the coin and then mining turned into a real industry.

— The hashrate of the network has increased by 10,000,000% , from 50 Gh to 500 Th.

— Complex technical developments were made, including the software for GPU mining, miners for Windows, HiveOS. Several mining pools appeared at the end of the year.


Toncoin

At the beginning of 2021, the network coin was not traded on any place and most couldn't see the value of it.

— Over the past year, many technical integrations were carried out and now Toncoin has appeared on the world's top exchanges like FTX, OKEx, Gate io, EXMO, the decentralized exchanges Uniswap and PancakeSwap, and payment services such as Mercuryo.

— Popular services Backit Cashback and ePN have started integrating Toncoin.

— The price of Toncoin has increased by 3800%. Starting from ~$0.3 at the first listing, the price reached $3.8 by the end of the year with $5.84 price at its peak. Before the listings, Toncoin was estimated at ~$0.1, based on the cost of its mining.


Community

In addition to technical achievements, we have also been working on a completely new approach to community formation and striving to appeal to the mass user with the privacy and security of blockchain technology.

— Community has grown by 60,000%. Several chats about TON with a total audience of ~1,000 people have developed into a community in 10 languages, which already has more than 600,000 participants.

— The number of network accounts with a balance has increased from 76,000 to 128,000.

— In the middle of the year, in response to the open letter, our open source project received the original ton-blockchain repository and the website ton.org.

— At the end of the year, we were very pleased to hear kind words from Pavel Durov about the successes and prospects of TON.

The previous season of the project aimed to build a new Internet was exciting. Let's try to make 2022 even more action-packed