#toncoin

In recent years, some of the biggest investors in web technologies have decided to invest in the technology that governs cryptocurrencies. Facebook with Diem (Libra) recently gave way to Aptos and Sui after that, or even Amazon AWS and its blockchain on demand service.

In this article, we will focus on the initiative of the messaging giant Telegram and the Open Network blockchain and cryptocurrency TONCOIN (TON). We will cover the basic concepts and explore the technology behind the promise of millions of transactions per second as well as a promising system for anonymity and decentralization.

The TON network, known for being highly scalable and secure, was initially launched by the social media giant Telegram in 2018 with the aim of democratizing the payment system within the Telegram program. After raising the necessary funding of $ 1.7 billion during an ICO (Initial Coin Offering) and some problems with the SEC (US Securities and Exchange Commission), Telegram distanced itself from the project in order to grant guardianship to the TON Foundation. Subsequently, TON Foundation raised nearly $250 million from well-known investment funds such as Kucoin Venture and Mexico Pioneer to name a few, which bodes well for the project. In fact, TON wants to be able to accommodate millions of users on its network.To do this,