#BTC
Information about the TON Coin
The TON coin (TON) is a digital currency belonging to The Open Network, previously known as the Telegram Open Network. Here are the main details about it:
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🔹 What is the TON Coin?
• TON stands for The Open Network.
• It was originally developed by the Telegram team, but it is now an independent project after Telegram stopped supporting it due to legal issues with the U.S. Securities and Exchange Commission (SEC) in 2020.
🔹 Uses of TON:
• It is used to operate the TON network, which offers:
• Fast and cheap financial transfers.
• Smart contracts and decentralized applications (DApps).
• Decentralized storage services and domain names (like DNS).
• A payment service integrated with Telegram Wallet (a wallet within Telegram).
🔹 Key Features of the TON Coin:
1. High transaction speed (thousands of transactions per second).
2. Its indirect integration with Telegram, giving it a massive user base.
3. Low transaction fees.
4. Highly scalable.
