The Open Network Foundation Announces Attempt to Become the World’s Fastest Blockchain
The Open Network Foundation (TON Foundation) has announced its upcoming attempt to be officially recognized as the world’s fastest blockchain. The public network performance test is scheduled for October 31, 2023, at 15:00 UTC and aims to showcase the reliability, scalability, and speed of The Open Network (TON) blockchain.
Collaboration with Alibaba Cloud and Expansion of TON Blockchain
To conduct the performance test, TON Foundation will partner with Alibaba Cloud and set up 256 servers for validator nodes. A separate TON blockchain network will be created specifically for these tests. Since 2022, the TON blockchain has experienced significant growth, with a 20-fold increase in addresses from 170,000 to 3.5 million. The number of TON validator nodes has also increased to 350, spread across 25 different nations.
Reliable Track Record and Collaboration with Telegram
Despite its rapid expansion, the TON blockchain has maintained a reliable track record with no major network disruptions. The recent collaboration between TON Foundation and Telegram further emphasizes the foundation’s commitment to bringing decentralized technology to the mainstream. The upcoming performance test is a crucial step in demonstrating the unique capabilities of the TON blockchain, solidifying its position as the trusted infrastructure layer for the Web3 ecosystem in Telegram.
“We look forward to October 31, 2023, to confirm that the TON blockchain technically stands out among any other blockchain, especially in its ability to scale,” says Anatoly Makosov, Core Development Lead at TON Foundation. “This is the first large-scale public performance testing of TON – we’re just as excited as you are to see the results.”
Anyone can witness the event in real-time by visiting live.ton.org. However, viewers are advised to view the event for informational purposes only and not make any investment decisions based on the outcome.
About TON Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. It is fully funded by the community and supports initiatives aligned with The Open Network’s mission. Learn more at ton.foundation.
About The Open Network (TON)
The Open Network (TON) aims to put crypto in every pocket by building a Web3 ecosystem in Telegram Messenger. It provides billions of people with the opportunity to own their digital identity, data, and assets. Find out more at ton.org.
Hot Take: TON Foundation Aims to Set World Record as Fastest Blockchain
The Open Network Foundation’s upcoming attempt to officially be named the world’s fastest blockchain marks an important milestone for the TON blockchain. The performance test will showcase its reliability, scalability, and speed, cementing its position as a trusted infrastructure layer for the Web3 ecosystem. With significant growth and no major network disruptions, TON has proven its capabilities. The collaboration with Telegram further demonstrates TON Foundation’s commitment to mainstream adoption. As audiences eagerly await the results of the performance test on October 31, 2023, it is clear that TON is determined to stand out among other blockchains in terms of scalability and technical superiority.
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