Telegram launches built-in crypto TON Wallet to its 87 million US users.
Toncoin is the official cryptocurrency of The Open Network (TON). Originally developed by Telegram, the project aimed to create a fast, scalable, and decentralized blockchain network. Due to legal issues with the U.S. SEC, Telegram handed over the project to the open-source community, but it still maintains an unofficial connection to it.
Key Features of TON and Toncoin:
1. High Speed: Capable of processing thousands of transactions per second.
2. Low Fees: Ideal for microtransactions and everyday use.
3. Sharding Architecture: Enables better scalability through dynamic splitting of the blockchain.
4. Telegram Integration: Potential full integration with the Telegram app in the future.
5. Smart Contracts: Supports smart contracts for building decentralized applications (DApps).
