#TonChain #Bitcoin #Binance #Ethereum #square
What is Toncoin?
Toncoin, launched in 2018, represents a new entry into the world of cryptocurrencies. As a newly established coin, it offers a unique set of features that set it apart from other coins.
Toncoin, short for “The Open Network coin,” is a cryptocurrency designed to facilitate secure and efficient transactions within a decentralized ecosystem. It was initially created by Telegram – the popular instant messaging application. Toncoin operates on a decentralized network (the blockchain), using advanced cryptographic techniques to ensure the integrity and privacy of transactions – just like other crypto coins.
Toncoin is different from other crypto coins because it was built by Telegram, which raised $1.7 billion in private funding to launch its project. Telegram integrated the Toncoin wallet into its messaging app, which caused the price of TON to skyrocket by 80% in 12 months. TON also allows staking, which is a great way to earn interest in the form of additional coins.
