Latest Toncoin updates on February 22nd

2023-02-16 : Despite the current market conditions, the #TON team has been pushing forward and achieving a lot, to make sure the network is ready for mass adoption.

Recently, The Open Network (TON) has announced the launch of its on-chain governance platform, resulting in a significant increase in TON tokens volume, up to 98%. The project also opened its ecosystem to Hub71+, a $2 billion startup hub based in Abu Dhabi. On February 17th, a Hack-a-TONx DoraHacks will be held in Singapore at the Scaling X hacker house. The event will provide an opportunity for developers to learn more about building on TON and take part in tasks to earn bounties. Finally, the project’s team is currently working on tokenomics optimization, and the validators will vote on a proposal on February 21st.

What is Toncoin ?

Welcome to The Open Network!

The Open Network (TON) is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It is an ambitious project with the goal of making the world of digital money and digital assets accessible to everyone.

TON boasts ultra-fast transactions, tiny fees, easy-to-use apps and is environmentally friendly. It is a revolutionary new way of transferring and storing value, with a wide range of use cases.

TON is built on a flexible architecture, allowing it to scale with no loss of performance. It is also shardable, meaning it can break up and spread the data across multiple shards for faster processing. This makes it one of the most powerful and efficient blockchains available today.

The native cryptocurrency of TON is called “Toncoin”. Toncoin is used for transaction fees, securing the blockchain through staking, deciding how the network develops and settling payments. Toncoin can also be used to purchase goods and services, and is becoming more widely accepted by merchants.

The TON blockchain can be used for a variety of different applications and services, including digital identity, digital asset management, decentralized storage, asset transfers, digital voting and more. The possibilities are truly endless.

In addition to its own blockchain, TON also features a bridge protocol which allows users to transfer TON tokens between different blockchains. This makes it possible to move assets between different blockchains, opening up a whole new world of possibilities.

TON has a vibrant open source community which is actively developing new tools and applications for the platform. This includes a range of wallets, explorers, validators, analysis tools and more. These tools make it easy for developers to get started with TON and build their own applications.

For those looking to get involved with TON, there are a number of ways to do so. The platform offers sponsorships, grants and events, as well as a range of career opportunities.

So, if you’re looking for a revolutionary new way to transfer and store value, The Open Network is the perfect platform for you. With its ultra-fast transactions, tiny fees, easy-to-use apps and environmentally friendly approach, it is sure to be the future of digital money and digital assets.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.