“What is the Telegram Open Network?“
The Telegram Open Network is a layer-1 modular blockchain that operates using a Proof-of-Stake consensus mechanism. Unlike monolithic networks such as Ethereum, this network is made up of a masterchain and various workchains and shardchains, allowing for efficient infrastructure. One key feature of this blockchain is its interoperability with Telegram, enabling easy exchange of cryptographic tokens. The network also allows for the installation of a bot within the messaging app to handle transactions and enables coin exchange on DEX and in P2P mode.
“Telegram Open Network’s Impressive Record“
The Telegram Open Network boasts a record as the world’s most scalable layer-1 blockchain, with a calculated tp/s of 104,715. It also offers low fees and has a low carbon footprint. The network has outperformed other fast networks and centralized payment providers such as Stripe, PayPal, Visa, and Mastercard.
“The Story Behind Telegram Open Network“
The history of the Telegram Open Network dates back to 2019 when it was initially proposed by Pavel and Nikolai Durov. However, its ICO sale was halted due to an investigation by the SEC for selling unregistered securities in the US. Following a court battle with the SEC, the Durov brothers were fined $18.5 million and forced to return $1.2 billion from the ICO sale.
“Toncoin (TON): The Main Crypto Asset in the Telegram Ecosystem“
Toncoin (TON) serves as the main cryptocurrency in the Open Network ecosystem, used for governance, fuel, and staking purposes. Users can vote on decentralized community decisions, pay gas fees, and participate in distributed consensus through staking.
“Hot Take: Concerns about TON’s Transparency“
There are concerns within the community regarding transparency surrounding TON’s past distribution through mining. Many inactive wallets have mined large amounts of TONs in the early stages, raising questions about the actual total supply of cryptocurrency. This lack of clarity poses a potential risk to TON’s value if additional supply is discovered beyond expectations.
Source: https://twitter.com/telegram
Tweets:
– “Learn more about how Telegram Open Network operates and its unique features.”
– “Discover Toncoin (TON) and its role within the Telegram ecosystem.”
In conclusion, while Telegram Open Network has achieved impressive records in terms of scalability and speed, concerns about transparency regarding TON’s supply pose potential risks to its value moving forward.
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