TON Community

2022-02-16 18:06:19 What is TON Storage?

TON Storage will be used by the TON Blockchain to store archived copies of blocks and status data (snapshots) but will also store arbitrary files for users or other services running on the platform.

Currently, most database systems are centralized within big tech firms.

Amazon, Microsoft, Google, Alibaba and Tencent control more than 70% of the cloud computing market.

These concentrated powers can de-platform services easily and can access data that is supposed to be private to copy and use against rivals.

This is where Web3 comes in.

More info on Twitter here. Open / Comment

2022-02-15 18:12:08 Smart Contracts on TON

Smart contracts are “if/when…then…” statements that are written into code in order to execute commands when the specified parameters are met. They act as a way to automate agreements without an intermediary having to approve them.

The TON Virtual Machine handles the deployment of smart contracts on the TON Network by using tagged data types that give it the capability to handle complex operations.

Complex, high-load smart contracts can have an instance of their program stored in each shardchain for a large commission.

Currently, high gas fees limit the capabilities of smart contracts. TON smart contracts can reach their ultimate potential of replacing transaction types of increasing complexity through the network’s low cost to transact.

What smart contracts use cases are you most excited to see in the future?

Twitter thread here. Open / Comment

2022-02-14 20:13:50 True Decentralization

Web3 is beginning to permeate every aspect of mainstream culture. A common criticism of cryptocurrency is the issue of the actual level of decentralization of the technology.

Here’s how TON embodies decentralization:

— TON has never held an ICO or accepted outside investment.

— TON is sustained by a decentralized community of enthusiasts.

— TON’s proof-of-stake mechanism includes a routing system that pushes new nominators towards smaller validators.

TON has built a foundation of true decentralization that the rest of its product offerings will rest on.

What else should blockchains do to sustain decentralization?

Twitter thread here. Open / Comment

2022-02-14 17:45:00 Toncoin is getting listed on Ukrainian crypto exchange qMall.

Spot trading is available in the Toncoin/USDT pair.

Nikolai Udianskyi, co-founder of qMall and an IT entrepreneur who’s among Ukraine’s top 100 wealthiest individuals, announced to his 1.8 million followers on Instagram that the platform was going to list Toncoin. He also praised the TON blockchain in a separate post.

qMall is a company created by an international conglomerate whose headquarters are in Ukraine. Open / Comment

2022-02-14 12:30:06 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. 6 to 12 grew from 215,086 to 240,457 (+11.8%).

News:

— Crypto exchange EXMO changed Toncoin’s ticker to TON.

— The TON Foundation founding member Steve Yun participated in an AMA.

— The TON Foundation sent out an invitation encouraging developers to join a discussion on creating a nonfungible token standard for TON.

— The verification process in the TON Apps suite was improved. It now reduces the amount of time needed to check applications, allowing projects and apps to become official TON-based products more quickly.

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

2022-02-13 20:40:00 Changes Coming to the TON Apps Suite.

There is now a more simplified and streamlined verification process for projects wanting to add their products to the TON Apps suite.

This new procedure now allows a dozen or so projects that had initially gone through the process and were denied to officially join the family of TON-based apps.

What this means for users:

From this day forward, the TON Apps suite will display apps that have been officially approved by the TON Foundation and others awaiting their pending verification.

What this means for developers:

Adding projects to the TON Apps suite has become significantly easier. To learn more, go to the @TonAppBot and follow the instructions. Open / Comment

2022-02-13 18:00:54 Stablecoins in DeFi

Stablecoins are essential to DeFi. They are pegged to 1 USD and reduce the uncertainty in crypto.

In the future, the crypto economy may expand faster than the dollars available to back stablecoins. This means networks will need algorithmic stablecoins that stay at peg and scale.

If the TON Network is to scale to accommodate a global economy, it is possible that we will need these algorithmic stablecoins.

The idea of decentralized, trustless and algorithmic stablecoins with infinite scalability is the holy grail for stablecoins, and we presume it’s something the TON Network will need to be interoperable with.

What do you think is the best stablecoin right now? Open / Comment

2022-02-12 18:05:53 The Social Token Economy

Social tokens are cryptocurrencies built around the influence of an organization or creator.

Holders of social tokens are usually granted governance votes in their respective communities. The creators of these social tokens also allocate a portion to themselves so they can benefit from investors.

Once TON is integrated into third-party products and services, people will be able to create social tokens on the network.

It’s a win-win for everyone because the more value created by both the influencers and the community, the more the token’s price rises.

What creators, influencers and orgs do you want to see build on TON? Open / Comment

2022-02-11 18:15:09 Did you know that Toncoin (TON) has over 210,000 holders?

TON is the cryptocurrency that powers the TON Blockchain – but it has other use cases than paying for transaction (gas) fees.

Some use cases are payments for:

● TON Services (decentralized applications)

● Secure decentralized data storage for the TON Storage service

● Registering blockchain-based domain names (TON DNS) and for hosting TON Sites

● TON Proxy service (private browsing)

If you hold TON, you are able to capture the value which will be generated by the TON product ecosystem.

Share your story about why you bought Toncoin!

And learn more here. Open / Comment

2022-02-10 18:31:00 The Open Network Basics

At TON, what we want to do at our core is bring blockchain technology to the everyday life of the common person. That is why we exist.

TON Network is a blockchain-based network running on proof-of-stake consensus and is continuously being developed by an open-source community.

We have key commandments that encompass all of TON design and development. They are:

Speed and scalability, intuitive user interfaces and decentralization.

You can get the full story from our Twitter:
https://twitter.com/ton_blockchain/status/1491795603008864261?s=20&t=PogsdM0CgBUik-x71ciY0A Open / Comment