TON Sets New World Record with 104,715 Transactions Per Second
The Open Network Foundation (TON) achieved a remarkable feat on October 31, 2023, setting a new world record for blockchain technology. During its first public performance test, TON completed an astonishing 107,652,545 transactions within just 25 minutes, reaching a peak of 104,715 transactions per second. This achievement positions TON as the fastest and most scalable blockchain in the world.
CertiKCommunity, a trusted monitor and verifier, confirmed TON’s accomplishment. The impressive transaction speed of TON surpasses that of all L1 blockchains and well-known centralized payment networks like PayPal, Visa, and Mastercard.
The Power of Horizontal Sharding
The secret to TON’s exceptional performance lies in its unique composition using horizontal sharding. This design not only significantly increases transaction speed but also enhances decentralization and security. By employing this innovative approach, TON is revolutionizing blockchain technology.
This record-breaking achievement underscores TON’s potential to support a TON-based Web3 ecosystem in Telegram Messenger. With this capability, Telegram can transform into a global decentralized SuperApp and bring cryptocurrency to the masses.
Introducing The Open Network Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization established in Switzerland in 2023. It aims to address internet security and privacy concerns by creating a Web3 ecosystem within Telegram Messenger. By doing so, TON provides billions of people with the opportunity to take control of their digital identity, data, and assets.
The TON Foundation is funded entirely by the community and operates in the best interests of its members. It supports initiatives aligned with The Open Network’s mission of empowering individuals in the digital world.
TON Price Analysis
Currently, the TON token is trading at $0.012. Over the past 24 hours, it has experienced a positive change of 21.03%, contributing to an impressive weekly increase of 33.48%. Notably, the asset is trading above its 200-day moving average and has had 15 green days in the last month.
The groundbreaking public test and TON’s ability to provide users with lightning-fast transactions have attracted significant attention from investors worldwide. This blockchain technology and its founders are poised to make a substantial impact in the crypto space.
Hot Take: TON Breaks Speed Barriers, Paving the Way for a Decentralized Future
TON’s record-setting achievement of 104,715 transactions per second marks a major milestone in the world of blockchain technology. With this remarkable speed and scalability, TON has proven its potential to support a decentralized Web3 ecosystem within Telegram Messenger. By empowering individuals with control over their digital identity and assets, TON is revolutionizing how we interact with the digital world. As investors take notice of TON’s groundbreaking capabilities, the future looks bright for this innovative blockchain platform.
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