TON

TON (Telegram Open Network) was a blockchain-based platform developed by the popular messaging app Telegram. The project aimed to create a decentralized platform with fast transaction speeds, low transaction fees, and built-in features such as file storage and a payment network. The TON project was canceled in 2020 due to regulatory issues, but the code and technology developed for the platform have been open-sourced.

TON was designed to provide fast and scalable transactions, with the ability to handle millions of transactions per second. The platform also included a built-in payment network called TON Payments, which allowed users to send and receive payments through the platform. Additionally, TON had a built-in file storage system, TON Storage, which allowed users to securely store and share files on the platform.

The TON platform was based on a unique blockchain architecture called the TON Blockchain, which was designed to support high transaction speeds and high throughput. The TON Blockchain used a Proof-of-Stake (PoS) consensus algorithm called the Byzantine Fault Tolerant (BFT) consensus mechanism. This allowed the network to achieve fast transaction confirmation times and high security.

The TON platform also used a custom programming language called Fift, which was used to write and deploy smart contracts on the platform. Fift was designed to be simple and easy to use, making it accessible to developers with varying levels of experience.

Although the TON project was canceled, the technology and code developed for the platform have been open-sourced, allowing developers to build on top of the TON Blockchain and create new projects based on the technology. The TON project demonstrated the potential for blockchain technology to provide fast and scalable transactions, as well as built-in features such as file storage and payment networks.