The Evolution of Toncoin: From Telegram‘s TON Network to a Standalone Blockchain57

Toncoin, formerly known as Gram, is the native cryptocurrency of the Telegram Open Network (TON), a blockchain platform developed by Telegram, the popular messaging app. The TON network was initially conceived as a way to facilitate decentralized storage, payments, and other services within Telegram's ecosystem. However, due to regulatory obstacles, Telegram was forced to abandon the project in 2020.

Undeterred, a group of independent developers known as the Telegram Open Network Committee took over the TON network development and rebranded it as the TON Blockchain. The TON Blockchain is a Proof-of-Work (PoW) blockchain that is designed to be scalable, secure, and efficient. It uses a novel data structure called the Merkle Tree to store data and transactions, which allows it to process a large volume of transactions without compromising on security.

The TON Blockchain has its own native cryptocurrency, Toncoin (TON), which is used to pay for transaction fees and to participate in the network's governance. Toncoin can also be used to purchase goods and services on the TON Platform, which includes a variety of decentralized applications (dApps) and services such as messaging, gaming, and social media.

The TON Blockchain has made significant progress since its relaunch in 2021. The network has been upgraded to increase its scalability and security, and a number of new dApps and services have been launched on the platform. The TON community has also grown significantly, with over 200,000 active users on the Telegram Open Network Forum and over 1 million followers on Twitter.

The future of the TON Blockchain is bright. The network has a strong foundation and a dedicated team of developers. The TON community is also growing rapidly, and the platform is attracting increasing attention from investors and businesses. As the TON Blockchain continues to develop and mature, it is expected to become a major player in the blockchain industry.

Here are some of the key milestones in the development of the TON Blockchain:
2018: Telegram announces the development of the TON Blockchain.
2019: Telegram raises $1.7 billion in a private token sale for the TON Blockchain.
2020: Telegram is forced to abandon the TON Blockchain due to regulatory obstacles.
2021: A group of independent developers takes over the TON Blockchain development and rebrands it as the TON Blockchain.
2022: The TON Blockchain is upgraded to increase its scalability and security.

2024-10-28

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