What are Blockchain Bridges?

Our educational blockchain project moves forward and today we are talking about bridges.

It wouldn’t be correct to start with discussing the TON-Ethereum Bridge, because many of our subscribers don’t even know the actual meaning of the term «bridges», so let's get some theory!

First of all! Most blockchains have no way of communicating with each other.

Let's say, you are a developer of a decentralized app. In this case, you'll have to choose one of the existing blockchains and operate within its isolated environment.

For example, Ethereum has popular decentralized exchanges but only Ethereum network tokens are traded there.

So, what if you want to transfer a Toncoin from TON network to Ethereum to use it within existing financial services?

Bridge is the answer.

How does it work?

Bridge — is a link between two blockchains. The aim of a bridge is to transfer tokens from one network to another.

A transfer usually occurs according to the mint-and-burn principle. This implies a process where a token, when leaving a chain is locked and its equivalent is minted in another chain. Thus, one Toncoin in Ethereum blockchain always equals one Toncoin in TON blockchain.

Who manages a bridge?

A bridge works the same way as a decentralized mini-blockchain. TON networks’ validators elect oracles who administrate the bridge. To be elected, every oracle bonds significant investments. If appointed oracle cheats, they won't receive their deposit back.

Every transfer is charged with commission — it is the honest oracles' fee for maintaining a bridge.

The mission of TON is to unite all major blockchains into a single network.

In this case, TON will become a «super-bridge», which will allow it to perform different value transactions between blockchains besides the usual transfer of coins between networks.

We can already use the TON-Ethereum bridge, while the developers do their best to solve this ambitious task and unite all other blockchains.

The bridge is accessible at this link - ton.org/bridge

More details concerning a bridge and oracle’s function will be coming soon on our channel!

Friends, let's chat!

As you have probably already noticed, we have added the ability for you to make comments, so you could chat and ask your questions, preferably about TON, but in general, it does not matter. We can discuss anything from renaissance history to quantum mechanics. The only thing is - PLEASE BE POLITE. Non-toxic conversation and a minimum amount of trolling would be greatly appreciated.

Leave us a message if you want to know something from the developers. We are going to collect as many interesting questions as possible and forward them directly to the team. Their responses will be posted on the channel.

The key is:

@tonblockchain team has ambitious plans, so we'll create a cool and friendly community because we're here for the long-term.

Any ideas on how to run this channel, suggestions, thoughts, and questions will be welcomed in the comments section. Content is written exclusively for you, so don't be shy 😎.

TON–Ethereum Bridge: How does it work?

Hello, everyone! In our previous publication, we defined the meaning of blockchain bridges and their functions.

Today, we’re going to discuss the TON–Ethereum Bridge and find out what it can do.

It can transfer Toncoin to the Ethereum blockchain and back.

How it works:

TON ➡️ Ethereum:

💎 A user sends coins to a special TON smart contract.

💎 These coins get frozen.

💎 A special smart contract on Ethereum produces the same amount of coins and sends them to the user’s wallet.

Attention! Toncoin is the native crypto of the TON blockchain, while Wrapped Toncoin is its Ethereum equivalent. Please, don’t confuse the two!

Thus, 1 Toncoin is always equal to 1 Wrapped Toncoin on Ethereum.

Ethereum ➡️ TON:

💎 A user sends Wrapped Toncoin to the special smart contract on the Ethereum network.

💎 These Wrapped Toncoin are burned.

💎 The TON smart contract produces the same amount of Toncoin and sends it to the user’s wallet.

As you can see, the total amount of coins is unchanged.

The bridge operating method:

The bridge itself is a decentralized network. It is operated by oracles according to the PoS principle.

💎 To become an oracle, it’s necessary to run custom software on a powerful computer. A server capable of working 24/7 is needed — so, a basic PC is not an option.

💎 An oracle deposits a significant amount of coins to a bridge’s smart contract.

💎 After that, TON validators vote for or against the specified candidate.

💎 The oracles’ purpose is to approve transactions in a bridge’s smart contract. At least 2/3 of oracles should give the approval to validate a transfer.

💎 They receive some fee for their work.

If an oracle tries to cheat (for example, to specify an incorrect transaction sum), other oracles can vote to remove them from the oracles list.

The cheater will NEVER get their deposit back and their coins will be shared among the other oracles.
The validator who voted for the cheater’s inclusion may also be fined.

Overview:

— TON—Ethereum Bridge operates according to the decentralized principle.

— The bridge is highly protected.

Please, beware of fake bridges: You can find the smart contract ERC-20 Wrapped Toncoin address at ton.org/coin.

As for the bridge, it is available for everyone at ton.org/bridge

Guys, join our chat at:

https://t.me/toncoin_chat

Don’t forget TO SUBSCRIBE to our chat to get feedback instead of scrolling through the comments 💎. We will track your questions and answer them as soon as possible.

Actually, we are preparing material right now on how to purchase Toncoin, since we’ve noticed that many of you are interested in this subject. Please keep in touch! 😊

How to buy Toncoin?

Now there are several ways to buy Toncoin.

Buy it:

💎 On Exmo.me here
💎 On Uniswap v2/v3 (eliminating intermediaries but with high fees)
💎 On the popular DEX aggregator 1inch
💎 With the Telegram bot @Wallet
💎 Via peer-to-peer trading with the @CryptoBot
💎 On Mercuryo.io
💎 On the FTX exchange for perpetual futures or spot trading in the Toncoin/USD pair
💎 On the OKEx exchange for spot trading in the Toncoin/USDT pair or perpetual swaps
💎 On the Gate.io exchange for trading in the Toncoin/ETH or Toncoin/USDT pairs as well as perpetual futures

It’s easy and clear with EXMO:

1. Register on the exchange
2. Buy Bitcoin for any currency (or get BTC out of your wallet)
3. Buy Toncoin for BTC
4. Withdraw coins to your TON Wallet

As any other exchange, EXMO may request your ID.

You still CAN'T buy Toncoin for dollars or any crypto except BTC.

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We also made simple instructions for Uniswap exchange at:

https://teletype.in/@yanezh/_s2CTaGfMUm

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And a guide for 1inch at:

https://teletype.in/@yanezh/Gb4dhKaoJZM

Attention! Always visit 1inch before an exchange, you can sometimes find the most profitable rate there.

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The Telegram @wallet bot

The @wallet bot is a quick, convenient, and safe application to use when handling crypto. It lets you buy cryptocurrencies with your bank card, and you can swap and send them to various crypto wallets.

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Peer-to-peer crypto trading with @cryptobot

You can buy and sell Toncoin with a bank card or an electronic wallet. Trading happens with other people who either want to buy or sell crypto. The bot temporarily freezes the assets during the transaction to ensure it goes through safely. Give it a try here: t.me/CryptoBot?start=market

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How to buy Toncoin on Mercuryo:

https://teletype.in/@yanezh/QBB7Y_4ejuq

P.S. If you don't understand something from this guide, please text us in the comments and we'll surely help you😎

Hello, everyone 💎

Dear friends, there was some misunderstanding in the comments because some subscribers gave wrong answers to some of the questions.

To avoid some mistruths we selected the most BURNING questions and wrote a form of FAQ 😎

1. «How is it connected to Durov and the team of Telegram? Are you not concerned with them and is it just hype?»

💎 We’ve never stated that the project belongs to Pavel Durov or Telegram.

💎 The Open Network however is an immediate heir of TON, which was produced by the Durovs brothers. The Telegram team transferred the ton.org domain and the repository github.com/ton-blockchain to @tonblockchain developers.

Proofs:

— The first one: you can find the links in this post
— The second one: the article at CoinDesk

💎 Telegram uncompromisingly puts the red SCAM lable on all the channels that illegally try to cling to the messenger’s team. As you can see our channel is not "scammed " and we have thousands of subscribers.

2. «I bought these coins a year ago but the project got closed and I lost my money.»

You definitely bought a different coin with a similar name.

Our crypto became available for purchase recently. There're some similarly named tokens out there, but you need to buy Toncoin, so don't get confused.

In case you purchase TONCOIN in Ethereum blockchain, check the smart-contract address at ton.org/coin.

3. What's the actual price of the token?

The most convenient way to track is at https://coinmarketcap.com/currencies/toncoin/.

4. How to buy?

Please, read the guide.

5. What are the current issues today? How many coins are in use?

The total supply of TON is 5 billion with the current annual inflation rate of 0,6% (for validators). Not yet mined ~60 million. This sum may be mined using POW.

6. Who are the largest coin holders?

Validators (read more here) and primary miners are the largest holders. The coins are shared among 78 000 network users.

7. Is there an option to verify the coin holders?

Yes! TON is a public blockchain. It means that you can check everyone's wallet address balance. The easiest way to do it is here.

If you have any questions — write in the comments 💎

How to send crypto in Telegram?

Hello everyone 😎💎.

Today we're going to tell you about a cool TON-ecosystem bot — @CryptoBot.

The developers call it «a financial revolution» and it's close to the truth (particularly within the messenger).

Using @CryptoBot you can send and receive crypto right here in Telegram. Complex wallet addresses are no longer needed as well as the long waiting times for confirmation.

All you need is to spend 10 seconds on 3 clicks.

Now you can operate with Toncoin, BTC, Binance Coin, and crypto-bucks (BUSD, USDC, and USDT), and the list is expanding constantly.

Here are some steps showing you how to send a friend coins in Telegram:

1. Start @CryptoBot
2. The bot will make you a wallet. Tap «Deposit» to top it up.
3. Open the selected chat and send your friend a message like «@CryptoBot $10»
4. Ready! You've created an account and sent a cheque. A friend will receive $10 on his CryptoBot wallet in the specified currency as soon as he taps the «Receive» button.

It's an amazingly convenient tool in the Blockchain World 💎

By the way, we have an opportunity to interview the developers of @CryptoBot. We will discuss their project, the TON-ecosystem, and talk about future plans.

Are you excited, friends?

Then:

1. Tap the button below (let's get at least 300 clicks).
2. Ask the developers your questions in our chat and we'll forward the most interesting ones.

What is mining?

We’ve prepared some material concerning the mining of TON, now we’re going to tell you how it works and how to become a miner of Toncoin.

Even if you’ve never heard about mining — this post is for you!

You already know that in a blockchain there’s no central server that stores all the data.
We discussed it in this post.

Data is recorded on the lined up blocks. So where do these blocks come from?

The answer is: new blocks on the chain are created in the process of mining. In other words — computer calculations that build new blocks.

Roughly speaking, it happens in the following way: you buy a PC, connect to the network and the PC’s power serves the needs of a blockchain. Particularly, processes transactions and stores information, etc.

A blockchain network exists due to miners. The more of them, the more stable the database is.

Exactly miners produce new blocks in accordance with existing standards.

They get paid for their work, usually in the served blockchain’s crypto.

It’s easy to mine little-known coins because you don’t need powerful equipment to do it. You can even use your PC.

However, if the coin raises in price, things change:

When the price rises, thousands of new miners enter the fray and thus the power level needed increases.

Then there are mining farms. A farm is a set of devices used for the purpose of mining quickly and more efficiently.

There can be home farms or massive ones — huge spaces filled with professional equipment (as in the picture).

With the advent of such facilities, mining at home becomes impossible.

The same thing occurred with Bitcoin: in 2009 everyone could mine it using a basic home processor and there were several hundred such enthusiasts, but now there are about 1 million Bitcoin miners all over the world.

Overview:

— There’s no central server processing data in a blockchain. All the information is stored in blocks that are produced and served by miners.
— The more miners, the more stable a blockchain.
— Miners receive compensation for their work in particular blockchain’ crypto.
— The more popular a coin, the more expensive it becomes and more energy is required to mine it.


All of the aforesaid is relevant for Proof-of-Work blockchains.

As for Proof-of-Stake blockchains (such as TON), they don’t need mining to operate.

Mercuryo has added Toncoin to their list of supported currencies.

Hello, friends!

Mercuryo is one of the world leaders in the field of crypto payment processing. The company is registered and licensed in GB.

This service provides some interesting projects, for example, they issue crypto-cards that can even be used for payment in various shops.

So, now Toncoin is available in all of Mercuryo’s products.

Here’s a guide on how to buy Toncoin using Mercuryo widget:

https://teletype.in/@yanezh/QBB7Y_4ejuq

It’s so cool that more and more great companies start to operate with Toncoin💎

Have a nice day, dears😎

TON Wallet: how to install?

Hello, everyone! Today we're talking about our wallet. We've made TON Wallet installation guide for your device and have talked a bit about its functions.

The guide at the link below:

https://telegra.ph/TON-Wallet-installation-guide-11-18

Hello, everyone! Some breaking news for you:

We've already told you how TON Ventures/Ton Labs corporation (a developer of FreeTON) arrogated to itself the ownership of the TON brand and filed complaints with Apple and Google against wallets' developers.

Karma in action:

@DeCenter channel (one of the biggest blockchain communities) found somewhere a non-exclusive agreement between TON Ventures and the Telegram team, according to which TON Ventures agrees that it shall not challenge the validity of the Licensee's ownership of any of the Licensed Marks, as well as alter it and apply for any registration of it.

And then they breached almost all of the provisions of the contract🙂

It's ironic that the claimant violated the agreement.

Meanwhile, @tonblockchain developers continue working on TON, ignoring any kind of provocation💪💎

We attached the text of the agreement with Pavel Durov's signature.

What is blockchain-ecosystem?

We've already discussed the meaning of a blockchain. There're a lot of blockchains and they compete with each other. To gain users every network tries to develop a full-fledged ecosystem — including decentralized apps and services.

They're almost the same as the ones we are used to but much better =)

For example, an advanced ecosystem allows you to:

— Make any payments instantly

— Pay minimal commissions for transactions (or not to pay it at all)

— Tokenize your passport and use public services from a smartphone: get credit, register a marriage, etc.

— Buy and sell pieces of Digital Art and gaming items

— Secure your assets — all the transactions are recorded in a blockchain. If you purchase a coin, no one else can prove ownership of it except you.

— Count on 100% privacy: to make a transaction your don't need to provide personal data, nothing but the crypto wallet's address.

— In the future — you'll be able to make transactions not only in crypto, but in any tokenized asset: stocks, real estate or furniture.

— Avoid intermediaries. People transfer assets straight to each other without 3rd parties.

In other words, you'll be able to do all the same things you used to but faster, safer, cheaper, and privately.

TON Foundation team pursues an amazing aim — to unite all of the existing blockchains in a single network. Such a great ecosystem may be called the internet of the future — Web 3.0, quite literally.

And we are undoubtedly excited by this idea and encourage the developers🤘

This week you’ll be able to buy Toncoin for euros with CryptoBot💎

Friends, we told you about a new TON-ecosystem bot @CryptoBot recently, and in a few days, developers will run the P2P-crypto market within this tool.

P2P-market is a trading platform where people can buy and sell crypto to each other from any country on their terms without third parties.

Disclaimer! This version of the bot only supports a few selected countries. EUR version will be presented in a week. Get ready🔥

So, you’ll have an opportunity to trade Toncoin for EUROS in a few clicks.

How to use it:

1. Start @CryptoBot
2. Tap on section «Market»
3. Choose an offer type: «Selling» or «Buying»
4. Select a currency and make a deal

Bot performs as a warrantor. It freezes crypto until a transaction is completed.

The ecosystem progresses and it’s brilliant 😎.

Hey, who wants free Toncoin?💎

Dears, @CryptoBot developers decided to give you a surprise gift. They present 250 checks per 0.1 Toncoin to each of our community to let more people appreciate this bot 💎💎💎

All you need to do is click on the button below and the tokens will be sent to your CryptoBot account.

Hurry up! We’ve got only 250 checks😎

Мультичек на 25 TON ($14.92).

Сумма одного чека: 0.1 TON ($0.05)
Количество активаций: 250

💬 Мulticheck per 0.1 TON ($14.71).
One check’s price: 0.1 TON ($0.05)
Number of actions: 250

Now TON may be mined with GPU (graphics card)

We’ve already told you what mining is. Today we’re going to discuss how to mine Toncoin. There are 50 million coins left in the smart-contracts and if you’ve got powerful equipment — welcome!

Previously you had to mine TON only with a central processor unit (CPU mining). However, some amateurs improved the process and made mining more effective, by finding out how to mine on a graphics processor unit (GPU mining).

What’s the difference?

Let’s start with defining CPU and GPU.

CPU (processor) — is a central controller of a computer. It’s responsible for subsequent tasks. For example, for the following chain of actions:

1. Open «notepad»
2. Write something
3. Tap «Save»
4. The processor records the result on HDD

As you can see, these are subsequent actions.

GPU (graphics card) has a different role. It’s responsible for repeated actions. For example, while you watch YouTube on your monitor, a series of invisible processes takes place:
Every single pixel needs to be constantly processed.
The Graphics processor unit provides repeating actions over and over again to make a picture.

So, GPU has greater bandwidth and provides 10 times more effective mining than CPU!

What’s going on with TON mining?

It's made some significant steps:

1. After a court ruling, the Telegram team stopped TON blockchain development and transferred the testnet2 coins to proof-of-work Giver smart contracts. Everyone who had enough computing capacity could mine these smart contracts’ coins.

2. After that, the popularity of this coin among miners rose so much that @tonblockchain (open-source community developers who continued work on the project), voted to rename testnet2 to mainnet. Obviously, the coin gained value equal to the expenses made purchasing mining equipment and was called Toncoin.

3. Today, most miners start using GPU, competition grows and thus mining becomes more sophisticated. For example, for the last 12 weeks, complexity has risen up to 10 times!

Why is it increasing?

This point is the most interesting! The only cause is that more and more TON users are getting involved 😎. They actively invest in equipment and electricity for mining💎💎💎.

It’s really cool because those who believe in this project will be the ones who receive the coins.

ATTENTION! Check the project’s website to find all the details in an updated section devoted to mining. Here is a link: https://ton.org/mining

Do you want to mine TON? Here is a guide on GPU mining.

P. S. Dear friends! We did our best to make this text clear. If it is not — we're looking forward to receiving your comments.

Hello, everyone! 💎

We've learned that TON community developers are working on mining software that will operate like default Windows apps.

In case you have a powerful GPU card but the guide on mining is too hard to understand, then you should know that soon it'll be possible to mine Toncoin without any special technical skills 😎.

Announcement: the bridge between TON and Binance Smart Chain (BSC) coming soon.

While @tonblockchain developers are busy polishing the bridge and preparing it for the launch, let us tell you about Binance Smart Chain.

BSC is a blockchain launched by the well-known Binance exchange about a year ago.

The Binance team combined their developments with Ethereum and created a new, more flexible BSC network with some significant advantages:

💎 High transaction speed.
💎 Low fees.
💎 Excellent compatibility with Ethereum. Any Ethereum developer can run his app on BSC almost without changes.

That's why BSC has become very popular.

But! Even the coolest blockchains have drawbacks. For example, BSC sacrifices decentralization for its strengths: every validator of the network has to be approved by Binance.

Ongoing bridges between TON and other networks are created to help users feel comfortable right now.

However, don't forget that the ultimate goal of the project is a deeper cross-chain integration. TON plans to become a link between other blockchains to build on their strength and avoid their weaknesses.

Hey, there's a new feature in our ecosystem 💎

Good evening, friends! Would you please welcome TON Wallet ! It is now available directly in your browser. 🥳

In case you're familiar with Ethereum, you've probably heard about the MetaMask extension.

It's used by 5 million people every month, and it's not just an ordinary wallet but a powerful tool for interacting with blockchain applications.

Let's imagine you're a fan of Ethereum CryptoKitties, and you are about to buy a virtual kitten. Here's how to do it:

1. Click the button in the game.
2. The web page automatically connects to MetaMask.
3. A notification is sent to you, and the only thing you have to do is confirm or cancel the transaction. Pretty convenient, isn't it?

Of course, it works not just with cryptogames.

For example, you can use MetaMask to exchange ETH to Toncoin in Uniswap DEX - we posted instructions on how to do it.

It’s not just another primitive token storage, but a payment service like Apple or Google Pay in the blockchain world.

And now TON has its own "metamask"!

Here's the link:

https://chrome.google.com/webstore/detail/ton-wallet/nphplpgoakhhjchkkhmiggakijnkhfnd

It should be as easy to install this extension as a regular wallet (you can find the instructions here), however, if you experience any difficulties, don’t hesitate to write to us in the comments and we'll guide you through the process.

The extension will work with every new Toncoin-application, and @tonblockchain developers will add some functions that even MetaMask doesn't have, but it's a secret for now 😉.

The bridge between TON and BNB Chain is up and running!

You can find it here: ton.org/bridge/bsc

Now you can transfer your Toncoin to BNB Chain and back. The bridge works on the same principles as TON–Ethereum bridge, but there is only one limitation:

The minimum transfer amount is 10 Toncoin.

You can find the address of the Toncoin smart contract (BEP-20) at ton.org/coin

Check out a couple of ideas for using the bridge:

💎 First, add BNB Chain and TONCOIN token to MetaMask. Then, you can use Wrapped Toncoin in the BNB Chain blockchain ecosystem. Follow these instructions.

💎 The token is available on PancakeSwap, a decentralized exchange on BNB Chain similar to Uniswap.

There, you can not only trade crypto but also earn local currency, CAKE, by farming, staking, or just by winning the lottery 🎲😎

Read this article to learn more about PancakeSwap.

Although the TON–Ethereum bridge appeared only a month ago, the @tonblockchain developers have already launched a new one!

Friends, TON is growing, getting stronger, and moving toward its goal 💪