( $TON ) is the native cryptocurrency of The Open Network (TON), a decentralized blockchain focused on high speed and scalability. Originally developed by the Telegram team, TON was later handed over to the developer community, which continues to enhance the project.
High scalability: TON is designed to process millions of transactions per second, making it ideal for high-volume decentralized applications (dApps).
Integration with Telegram: Although Telegram is no longer directly involved in the development of #Toncoin , the cryptocurrency maintains a strong connection with the messaging app, which contributes to its popularity.
Decentralized governance: #TON is governed by a community of developers and validators, ensuring decentralization and security of the network.
Consensus mechanism: It uses a proof-of-stake (PoS) consensus mechanism, allowing for fast and secure transactions.