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ABOUT Toncoin

Toncoin community on Steam! (!UNOFFICIAL GROUP!)

What is TON
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger. Later, it was handed over to our open TON Community, which has been supporting and developing it ever since.

TON was designed for lightning-fast transactions. It's ultra-cheap, user-friendly, and fully operational.




Key Components
Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.




TON Commandments
Exchanging value should be as easy as exchanging information and blockchain technology ideally service the purpose. With this goal in mind we worded the key principles of TON design and development:

• Speed and scalability to process millions transactions per second, accommodating an unlimited number of active users and sustaining operations of numerous apps.

• Intuitive user interfaces to make blockchain about people, not geeks and nerds, to help everyone buy, store and transfer assets in a convenient, familiar way.

• Decentralization to ensure reliability, stability and safety and to take steps towards a safer, self-governed world.




TON Foundation
After Telegram was forced to quit[telegra.ph] the project, the open-source developer community led by EmelyanenkoK[github.com] and Anatoliy Makosov[github.com] went on developing and supporting the blockchain sticking to the original whitepapers where possible.

By now over 40 independent non-incorporated developers from various geographies work on the project as TON Foundation not-for-proft community funded by donations. You can find their profiles on GitHub[github.com] section People.

We welcome all developers to join TON




Governance
TON design ensures that network modifications are only possible if approved by the majority of validators via Proof-of-Stake consensus.

There is no way to change network software, configuration or state bypassing the vote.

Official site[ton.org]
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Founded
January 26, 2022