TON Community

2022-02-23 18:17:57 TON’s Proof-of-Stake Protocol

The TON Blockchain functions through a network of validators who stake a large amount of Toncoin and receive rewards by processing transactions on the network.

• Anyone with a high-performance server and enough Toncoin can become a validator.

• A validator stakes their Toncoin for a specific term, which is paid back at the completion of a validation round, plus the validator reward as interest.

• The protocol creates receipts of any attempt to cheat, and any cheating nodes are cut off and penalized.

• A nominator is someone who lends Toncoin to a validator and gains a % of its validator’s rewards.

Twitter thread here.

What would make contributing to the TON Blockchain easier? Open / Comment

2022-02-22 21:30:01 The Battle for Blockchain

Cryptocurrency adoption is at an all-time high, and governments around the world are taking steps to respond.

• In the coming days, new laws to govern cryptocurrencies in Russia are supposed to come into effect. Simultaneously, the Bank of Russia has said that it has begun the pilot test of its digital ruble.

• In Ukraine, the parliament recently legalized cryptocurrencies.

• The U.S. continues to consider regulation.

• China unveiled its digital yuan as a payment option in the Olympic Village and surrounding area.

• In Canada, COVID-19 lockdown protests by the country’s truckers have led to Prime Minister Trudeau sanctioning crypto wallets full of donations to the cause.

• Countries such as Puerto Rico and the UAE continue to utilize lax policies in order to attract crypto wealth.

Check out our Twitter here. Open / Comment

2022-02-22 13:30:24 Another AMA with a Consultant to the TON Foundation and founder of Tonic (The Open Network Independent Cooperative)

Ilya Mouzykantskii, a consultant to the TON Foundation, is going to represent TON in an AMA today at 4:00 pm (UTC).

The AMA’s organizers are crypto community Decentralizedclub.net and will be hosting the conversation in their community channel @Decentralized_Club.

There will also be prizes for asking the best and most interesting questions:

— The 5 most interesting questions from the audience in Telegram will win $10.
— The 5 most interesting questions from the audience on Twitter will win $10.

To submit a question on Twitter, go to this link:
https://twitter.com/dens_club/status/1494334434388033546?t=rhHHTdqXQka4n-etfGP_8Q&s=19

To submit questions in Telegram, you can do so in the community’s channel: @Decentralized_Club.

Please note:

To qualify for a prize, you must follow and be subscribed to the following Telegram channels and Twitter pages:

https://t.me/decentralized_club
https://t.me/tonblockchain

https://twitter.com/dens_club
https://twitter.com/ton_blockchain Open / Comment

2022-02-21 18:17:54 Storing Toncoin (TON)

As Toncoin’s popularity grows, we want to make sure that our holders are educated in the best ways to store their cryptocurrency for their strategy.

Everything you need to know is on our Medium. Open / Comment

2022-02-20 23:15:00 ​TON Community Weekly Digest

Here’s a roundup of the ecosystem’s most exciting news from the past seven days.

Network stats update:

The number of new wallets created on TON from Feb. 13 to 19 grew from 245,900 to 286,501 (+16.5%).

News:

— TON’s NFT standard was upgraded to “Release Candidate.”

— The @TonMoonBot released an update.

— Tonscan.org released an update for its explorer.

— The TON Community published Part 1 of its interview with core TON developer Anatoliy Makosov.

Stay up-to-date with the latest developments brewing in the TON ecosystem by turning on the notifications to this channel. You won’t want to miss a thing! Open / Comment

2022-02-20 18:01:04 Have you checked out our new site Tonic?

Think of Tonic as our hub for developers and TON enthusiasts who want to see what is being built and discussed in the TON ecosystem.

Check out the Tonic Discord. Open / Comment

2022-02-19 18:00:47 What questions do you have about Toncoin? Open / Comment

2022-02-18 21:30:00 ​TON’s nonfungible token standard has been upgraded to “Release Candidate.”

At the beginning of the month, the TON Foundation organized a public discussion among developers to draft a nonfungible token (NFT) standard for the TON blockchain.

We’re pleased to announce that the status of the NFT standard for TON has been upgraded to “Release Candidate,” which means it’s practically ready to be deployed without having to make significant changes.

All developers were welcomed to join the discussion to develop the standard, but the TON Foundation team would like to express its deep gratitude to every developer who participated.

The developers indeed produced some outstanding results:

1. The fees to mint an NFT on TON will be about 500 times cheaper than those on Ethereum.

For comparison’s sake, minting the 10,000 NFTs from the famous Bored Ape Yacht Club collection cost close to $290,000 worth of Ether (ETH) at the time of writing.

Launching a collection of 10,000 NFTs on TON will only require around $500 regardless of Toncoin price fluctuations.

2. TON NFTs will have their own unique distribution method to avoid network congestion, even when minting a collection of 1 million NFTs.

3. The metadata of TON NFTs will be compatible with NFT metadata on Ethereum — e.g., with the popular NFT marketplace OpenSea.

4. Thanks to TON’s infrastructure flexibility, developers will be able to create new mechanisms; for example, a game where one NFT smart contract alters the content of another NFT or even its code. Of course, minting regular, immutable NFTs will always be possible.

Starting today, app developers and NFT artists can start deploying their technology on the testnet.

We’ve been waiting for this day for a long time, but we’re excited for the token standard’s final release and all the NFT products that will grace the TON ecosystem. Open / Comment

2022-02-18 18:09:59 Crypto As a Sport

The biggest athletic events of the year have a distinctive Web3 focus.

— The Super Bowl lived up to its “Crypto Bowl” nickname, sporting multiple ads from exchanges such as Coinbase, eToro and FTX, along with a collaboration between Bud Light and Nouns DAO.

— The Olympics have also been adopting digital currencies, with NFT collections from the Olympic Federation and AlibabaGroup, as well as the launch of the Chinese digital yuan.

— Recently, Tezos struck an estimated $27-million deal to display its logo on Manchester United’s kit. Clearly, the relationship between athletes and blockchain is here to stay.

TON’s recent partnership with popular Russian rapper Morgenshtern sets the stage for a sports collab of our own.

Is there anyone from the sports world you’d be excited to see us work with? Open / Comment

2022-02-17 18:04:45 Interview with Anatoliy Makosov — Part 1

We had the pleasure of discussing the TON project with Anatoliy Makosov, one of the core developers of TON.

During the interview, Anatoliy (tolya-yanot on GitHub) answered a lot of questions about TON’s technology in detail.

Here’s Part 1 of the interview, but keep an eye out for Part 2. We’ll be publishing it here soon Open / Comment