How does Toncoin work?
The Open Network, a decentralized blockchain network that was first created by Telegram, has Toncoin cryptocurrency as its native cryptocurrency. To handle millions of transactions per second, TON is made to be quick, safe, and scalable. The network uses Toncoin for staking and transaction fees and as the foundational money for the several TON applications.
Toncoin (TON) powers the Open Network ecosystem by being utilized for transaction fees, network staking, and network governance participation. It supports a wide variety of decentralized services and applications (DApps) within the network, including nonfungible tokens (NFTs), decentralized finance (DeFi), and more. TON is attempting to establish itself as a viable participant in the changing blockchain market with a robust community and a comprehensive plan.
Toncoin was created to offer a quick, safe, and dependable decentralized payment system and to enable Telegram in-app transactions. Although payment was the original reason for developing the Ton Blockchain and Ton cryptocurrency, it has now developed into a complete ecosystem that supports anonymous domain name systems, dApps, and decentralized storage.
Студент(ка) в уч.?заведении Белорусский государственный педагогический университет имени Максима Танка (БГПУ)
2 周perhaps the situation will stabilize in the near future
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2 周The dollar has dropped a lot of tokenes in a short time. Possibly external factors have affected the toncoin drop.
BS Telekom Ltd. ?irketinde Technical Specialist
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SMM Manager at xChief
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Division CFO xChief_Central_Asia_Ltd
2 周Without the use of middlemen, #TON peer-to-peer (#P2P) transactions enable rapid and secure payments between users.