Who are the Nominators? Part 1
Hi, team TON!😎
Remember we have recently mentioned TON Nominators service? Today we will discuss what it is and why we need it.
You probably know by now what Proof-of-Stake is and who validators are. Being a validator on TON is cool, but it takes meeting some conditions:
💎First, you need powerful hardware; the chances of starting a validator node on your laptop are slim.
💎Second, to become a validator, a node owner has to put a LARGE stake; currently, it is around 600,000 Toncoins, or about $0.5m. This amount will only surge further, as the network keeps growing.
A large stake is a necessary evil.
Losing a small stake is not a big deal, and if stake requirements become lax, this is what will happen:
— Some validators will try to cheat the network, because cheating may earn them more than block validation.
— Some may try starting node software on cheap servers and will skip timely software updates.
— Validators may stay idle most of the time, as penalties are negligible.
All of the above will undermine blockchain stability. To avoid this, the validator's stake is set at a fairly big amount.
Here’s a question you might ask:
Is there a way for those who do have powerful hardware, but not 600K coins? Or for those who are not willing to invest time in installing and configuring a validator node, but still want to get Toncoin?
Well, it is exactly for those people that @tonblockchain developers create TON Nominators.
This service helps you lend your Toncoin to validators and share the validation reward with them.
Tomorrow we will tell you how this is going to work exactly, and how revenues will be split between validators and nominators, as well as how to become a nominator on TON.
Folks, click 💎 under this post if you find TON Nominators exciting!
The more feedback we get, the more details there will be in the next part.💪🏼
Hi, team TON!😎
Remember we have recently mentioned TON Nominators service? Today we will discuss what it is and why we need it.
You probably know by now what Proof-of-Stake is and who validators are. Being a validator on TON is cool, but it takes meeting some conditions:
💎First, you need powerful hardware; the chances of starting a validator node on your laptop are slim.
💎Second, to become a validator, a node owner has to put a LARGE stake; currently, it is around 600,000 Toncoins, or about $0.5m. This amount will only surge further, as the network keeps growing.
A large stake is a necessary evil.
Losing a small stake is not a big deal, and if stake requirements become lax, this is what will happen:
— Some validators will try to cheat the network, because cheating may earn them more than block validation.
— Some may try starting node software on cheap servers and will skip timely software updates.
— Validators may stay idle most of the time, as penalties are negligible.
All of the above will undermine blockchain stability. To avoid this, the validator's stake is set at a fairly big amount.
Here’s a question you might ask:
Is there a way for those who do have powerful hardware, but not 600K coins? Or for those who are not willing to invest time in installing and configuring a validator node, but still want to get Toncoin?
Well, it is exactly for those people that @tonblockchain developers create TON Nominators.
This service helps you lend your Toncoin to validators and share the validation reward with them.
Tomorrow we will tell you how this is going to work exactly, and how revenues will be split between validators and nominators, as well as how to become a nominator on TON.
Folks, click 💎 under this post if you find TON Nominators exciting!
The more feedback we get, the more details there will be in the next part.💪🏼
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Nominators continued
So, here is how TON Nominators are going to work.
Imagine, you have a lot of Toncoin, but you don't want to buy or lease hardware, let alone maintain it.
Then, you can become a Nominator by simply lending coins to a validator and getting a share of their validation reward.
Or, here is another scenario:
Suppose you have a powerful server and the relevant technical skills, you would like to become a validator, but unfortunately, you don’t have 600,000 coins to make a stake.
Not a big deal, start a validator node on your hardware and pay a small amount of Toncoins for a potentially poor performance penalty, as for the stake amount, you can borrow it from the network.
Of course, the whole process is automated by an ad-hoc smart contract.
No personal correspondence or wallet-to-wallet transfers are involved, the blockchain handles everything for you. A lender sends Toncoin to a smart contract which guarantees that the coins will be used exclusively for validation and the reward will be shared.
The standard breakdown is as such: 60% to a nominator and 40% to a validator; other configurations are possible.
Note:
Investors only lend coins; they have zero control over the software or validators’ activities, which means more decentralization in the network.
Developers believe that after the release of the TON Nominators service, the number of validators in the network may top 400 and the total stake can reach 1bn Toncoins.
The larger the collective stake of the validators is, and the more stable and secure TON blockchain is, the more complicated it becomes for a single validator to take control over the network.
Well everyone, we are launching the service in early November! 🥳
Should you have more questions about TON Nominators, ask in the comments below and we will forward them to the developers and come back to you.
So, here is how TON Nominators are going to work.
Imagine, you have a lot of Toncoin, but you don't want to buy or lease hardware, let alone maintain it.
Then, you can become a Nominator by simply lending coins to a validator and getting a share of their validation reward.
Or, here is another scenario:
Suppose you have a powerful server and the relevant technical skills, you would like to become a validator, but unfortunately, you don’t have 600,000 coins to make a stake.
Not a big deal, start a validator node on your hardware and pay a small amount of Toncoins for a potentially poor performance penalty, as for the stake amount, you can borrow it from the network.
Of course, the whole process is automated by an ad-hoc smart contract.
No personal correspondence or wallet-to-wallet transfers are involved, the blockchain handles everything for you. A lender sends Toncoin to a smart contract which guarantees that the coins will be used exclusively for validation and the reward will be shared.
The standard breakdown is as such: 60% to a nominator and 40% to a validator; other configurations are possible.
Note:
Investors only lend coins; they have zero control over the software or validators’ activities, which means more decentralization in the network.
Developers believe that after the release of the TON Nominators service, the number of validators in the network may top 400 and the total stake can reach 1bn Toncoins.
The larger the collective stake of the validators is, and the more stable and secure TON blockchain is, the more complicated it becomes for a single validator to take control over the network.
Well everyone, we are launching the service in early November! 🥳
Should you have more questions about TON Nominators, ask in the comments below and we will forward them to the developers and come back to you.
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Follow up on the last post:
Many blockchains have a farming option where a user invests tokens and receives a reward.
Tokens invested in farming serve no meaningful purpose. It is a financial amusement ride for blockchain users, nothing more.
However, TON developers took a smarter approach.
Tokens invested in TON Nominators will facilitate decentralization, stability, and safety of the blockchain. The investors will not only get their rewards but also have a chance to contribute to a good cause.
It's interesting to know how developers are going to redefine other popular crypto stuff like NFT.
Many blockchains have a farming option where a user invests tokens and receives a reward.
Tokens invested in farming serve no meaningful purpose. It is a financial amusement ride for blockchain users, nothing more.
However, TON developers took a smarter approach.
Tokens invested in TON Nominators will facilitate decentralization, stability, and safety of the blockchain. The investors will not only get their rewards but also have a chance to contribute to a good cause.
It's interesting to know how developers are going to redefine other popular crypto stuff like NFT.
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Hello, team TON! 💎
We've stumbled upon some fascinating research carried out by Capgemini that will surely grab your attention.
Here’s what it says...
... in 2 years, the share of people who use cryptocurrency for payment will grow from 10% to 45%.
In just two years!
''How come?'' I hear you ask.
Well, we all agree that the current financial world is nothing but an inconvenience. We often tend to overlook it, simply because we are used to it. Consider this:
💎 Commission fees: They’ve become so common, that they escape our attention. Sometimes, they make up 10% of the transaction amount.
💎Money transfers: It's slow, expensive, and rather difficult to send money from one country to another. If you've tried sending money internationally before, you know the time it takes to complete a transfer, it's far from practical.
💎 Limitations: It's one thing to send 10$ to help out a friend, but it's a different story if you've got to help out a relative with purchasing a flat. Even though you have all the documents needed, in the end, you will eventually end up spending all your time and effort talking with the bank.
The financial world is a world of bureaucracy.
However, cryptocurrency is "payments on steroids" (citing from the research), and it has the potential to change our society.
Surely, blockchains are not perfect.
Take Bitcoin and Ethereum for example. They are slow and quite expensive, and they are more likely to become a savings vehicle, although they aren't all that suitable for your usual daily transactions.
Most likely, blockchain is to become a leader in money transfer technology.
TON Blockchain already makes money transfers quick and cheap. We will also have TON Payments in the future, so it's likely that the @tonblockchain devs will step up the cryptopayments game. 😎
We've stumbled upon some fascinating research carried out by Capgemini that will surely grab your attention.
Here’s what it says...
... in 2 years, the share of people who use cryptocurrency for payment will grow from 10% to 45%.
In just two years!
''How come?'' I hear you ask.
Well, we all agree that the current financial world is nothing but an inconvenience. We often tend to overlook it, simply because we are used to it. Consider this:
💎 Commission fees: They’ve become so common, that they escape our attention. Sometimes, they make up 10% of the transaction amount.
💎Money transfers: It's slow, expensive, and rather difficult to send money from one country to another. If you've tried sending money internationally before, you know the time it takes to complete a transfer, it's far from practical.
💎 Limitations: It's one thing to send 10$ to help out a friend, but it's a different story if you've got to help out a relative with purchasing a flat. Even though you have all the documents needed, in the end, you will eventually end up spending all your time and effort talking with the bank.
The financial world is a world of bureaucracy.
However, cryptocurrency is "payments on steroids" (citing from the research), and it has the potential to change our society.
Surely, blockchains are not perfect.
Take Bitcoin and Ethereum for example. They are slow and quite expensive, and they are more likely to become a savings vehicle, although they aren't all that suitable for your usual daily transactions.
Most likely, blockchain is to become a leader in money transfer technology.
TON Blockchain already makes money transfers quick and cheap. We will also have TON Payments in the future, so it's likely that the @tonblockchain devs will step up the cryptopayments game. 😎
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Message to the new miners:
Here's information for those who have decided to mine on Windows after reading the previous post.
How it works:
💎The giver smart contract generates a random computing task and awards 100 Toncoin for the right solution.
The only way to solve the task is with the brute force approach, which requires a high computing power.
💎The task is available to all miners on the network. The 100 Toncoin reward goes to the person who first comes up with the right solution, then a new cycle starts.
Obviously, powerful servers will more often than not come up with the right solutions quickly.
Yet, the design of the randomization algorithm implies that even a standard PC has a chance to resolve the task first if you're lucky.
Mining 100-300 Toncoin or more a month on a PC is real.
Great news seeing that mining with a PC takes no investment! While professionals spend hundreds, if not thousands of dollars on equipment each month.
All the guidelines are here, guys.💎
By the way, you can already meet those who were lucky to mine their first 100 coins in our chats.
Here’s a friendly tip: let your PC do the mining at night when you're not using it.
Here's information for those who have decided to mine on Windows after reading the previous post.
How it works:
💎The giver smart contract generates a random computing task and awards 100 Toncoin for the right solution.
The only way to solve the task is with the brute force approach, which requires a high computing power.
💎The task is available to all miners on the network. The 100 Toncoin reward goes to the person who first comes up with the right solution, then a new cycle starts.
Obviously, powerful servers will more often than not come up with the right solutions quickly.
Yet, the design of the randomization algorithm implies that even a standard PC has a chance to resolve the task first if you're lucky.
Mining 100-300 Toncoin or more a month on a PC is real.
Great news seeing that mining with a PC takes no investment! While professionals spend hundreds, if not thousands of dollars on equipment each month.
All the guidelines are here, guys.💎
By the way, you can already meet those who were lucky to mine their first 100 coins in our chats.
Here’s a friendly tip: let your PC do the mining at night when you're not using it.
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The TON crowd is swelling! 🥳
Welcome to the TON community! This post is for new subscribers.
What is TON?
The Open Network is an independent blockchain platform initially developed by Telegram and currently maintained by the TON community.
For technical questions, subscribe to the developers' channel: @tonblockchain
Compared to other blockchains, TON is one of the cheapest and fastest platforms.
What is Durov’s connection to the project?
The Open Network is the direct successor of the very same TON that was developed by the Durov brothers. The Telegram team transferred the title of the ton.org domain and github.com/ton-blockchain repository to the @tonblockchain developers.
Who we are and what we do
We are the TON community, we are busy publishing project updates, drafting various guides to the ecosystem, and interacting with the community in our chat. Join here to drop us some questions or simply to say hello.
What is the project's overall goal?
To join all existing blockchains and the internet into a single global network.
What is the project's native cryptocurrency?
The project’s native cryptocurrency is called Toncoin. Check out its price action here.
How do I buy Toncoin?
Detailed instructions can be found in this post.
Where can I get a wallet?
The best available wallet is the new Tonkeeper.
To learn more about different platforms, follow this link https://ton.org/wallets.
Where can I get more information?
You can start with these two posts:
💎 Project description
💎 FAQ
Make sure to visit the project's website at ton.org.
Welcome to our community!
Welcome to the TON community! This post is for new subscribers.
What is TON?
The Open Network is an independent blockchain platform initially developed by Telegram and currently maintained by the TON community.
For technical questions, subscribe to the developers' channel: @tonblockchain
Compared to other blockchains, TON is one of the cheapest and fastest platforms.
What is Durov’s connection to the project?
The Open Network is the direct successor of the very same TON that was developed by the Durov brothers. The Telegram team transferred the title of the ton.org domain and github.com/ton-blockchain repository to the @tonblockchain developers.
Who we are and what we do
We are the TON community, we are busy publishing project updates, drafting various guides to the ecosystem, and interacting with the community in our chat. Join here to drop us some questions or simply to say hello.
What is the project's overall goal?
To join all existing blockchains and the internet into a single global network.
What is the project's native cryptocurrency?
The project’s native cryptocurrency is called Toncoin. Check out its price action here.
How do I buy Toncoin?
Detailed instructions can be found in this post.
Where can I get a wallet?
The best available wallet is the new Tonkeeper.
To learn more about different platforms, follow this link https://ton.org/wallets.
Where can I get more information?
You can start with these two posts:
💎 Project description
💎 FAQ
Make sure to visit the project's website at ton.org.
Welcome to our community!
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BREAKING: Toncoin is now listed on OKEx!
OKEx, one of the largest crypto exchanges, has announced the listing of Toncoin, and trading starts this Friday! 💎
Toncoin will also be participating in the OKEx Jumpstart acceleration program.
What is OKEx Jumpstart?
OKEx Jumpstart is an acceleration program aimed at the development of promising blockchain projects. Anyone can buy OKB tokens, stake them, and then receive Toncoin in return, with the possibility of earning a whopping 150% annual percentage yield.
It’s important to note that OKEx only selects the MOST promising blockchains for its Jumpstart program — very few make the cut.
The amount of Toncoins available within the Jumpstart program is limited. The Jumpstart program will start tomorrow, Wednesday, Nov. 10.
More and more big companies are putting their trust in the TON project every day.
Stay cool, friends!
OKEx, one of the largest crypto exchanges, has announced the listing of Toncoin, and trading starts this Friday! 💎
Toncoin will also be participating in the OKEx Jumpstart acceleration program.
What is OKEx Jumpstart?
OKEx Jumpstart is an acceleration program aimed at the development of promising blockchain projects. Anyone can buy OKB tokens, stake them, and then receive Toncoin in return, with the possibility of earning a whopping 150% annual percentage yield.
It’s important to note that OKEx only selects the MOST promising blockchains for its Jumpstart program — very few make the cut.
The amount of Toncoins available within the Jumpstart program is limited. The Jumpstart program will start tomorrow, Wednesday, Nov. 10.
More and more big companies are putting their trust in the TON project every day.
Stay cool, friends!
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Important news! Our TON wallets have been updated💎
If you use the desktop version of the TON wallet, you will need to reinstall it. Follow the link to download: ton.org/wallets. Older versions are now obsolete.
Mobile wallets will resume working once they are updated.
A new update for the wallet's Android version is ready and available for download in the Google Play Store.
Keep in mind that you can also use Tonkeeper: the ultimate mobile crypto wallet that keeps your coins safe.
Please note:
💎The first synchronization of a newly installed mobile wallet may take some time. If you don’t see your balance and transactions within a couple of minutes, restart the wallet.
💎Tonkeeper is a new app, but it currently doesn’t support older wallets. Our developers are now working on solving this issue.
If you use the desktop version of the TON wallet, you will need to reinstall it. Follow the link to download: ton.org/wallets. Older versions are now obsolete.
Mobile wallets will resume working once they are updated.
A new update for the wallet's Android version is ready and available for download in the Google Play Store.
Keep in mind that you can also use Tonkeeper: the ultimate mobile crypto wallet that keeps your coins safe.
Please note:
💎The first synchronization of a newly installed mobile wallet may take some time. If you don’t see your balance and transactions within a couple of minutes, restart the wallet.
💎Tonkeeper is a new app, but it currently doesn’t support older wallets. Our developers are now working on solving this issue.
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The OKEx Jumpstart participation guide is now available!
Any OKEx user can take part in the OKEx Jumpstart program and have their Toncoin earning up to 150% APY.
We've drafted a guide for the program's participants. Check it out here: https://telegra.ph/JumpStart-participant-guide-11-10
Any OKEx user can take part in the OKEx Jumpstart program and have their Toncoin earning up to 150% APY.
We've drafted a guide for the program's participants. Check it out here: https://telegra.ph/JumpStart-participant-guide-11-10
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Toncoin is to be listed on FTX.
According to CoinMarketCap rankings, FTX is a top-3 global cryptocurrency exchange, behind only Binance and Coinbase.
FTX is the world leader in futures contracts, with a daily trading volume exceeding $25B.
This is big news for The Open Network. Getting listed on such a prominent exchange as FTX will certainly put the TON project on people’s radars and earn users’ trust.
Toncoin’s listing on FTX goes live on Nov. 12, and it will be available for trading on spot markets and in the form of perpetual futures contracts.
The FTX official community: https://t.me/FTX_Official
According to CoinMarketCap rankings, FTX is a top-3 global cryptocurrency exchange, behind only Binance and Coinbase.
FTX is the world leader in futures contracts, with a daily trading volume exceeding $25B.
This is big news for The Open Network. Getting listed on such a prominent exchange as FTX will certainly put the TON project on people’s radars and earn users’ trust.
Toncoin’s listing on FTX goes live on Nov. 12, and it will be available for trading on spot markets and in the form of perpetual futures contracts.
The FTX official community: https://t.me/FTX_Official
X (formerly Twitter)
FTX (@FTX_Official) on X
upcoming listing on FTX! @ton_blockchain
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Toncoin is now listed on OKEx.
Spot market trading is available for the Toncoin/USDT pair, with perpetual swaps contracts also available in the Toncoin/USDT pair.
According to CoinMarketCap, the OKEx exchange ranks third in terms of spot trading volume and ranks second in derivatives volume, which exceeds $28 billion daily.
Toncoin is also expected to be listed on cryptocurrency exchange FTX later today. We'll update you as soon as we learn more.
Spot market trading is available for the Toncoin/USDT pair, with perpetual swaps contracts also available in the Toncoin/USDT pair.
According to CoinMarketCap, the OKEx exchange ranks third in terms of spot trading volume and ranks second in derivatives volume, which exceeds $28 billion daily.
Toncoin is also expected to be listed on cryptocurrency exchange FTX later today. We'll update you as soon as we learn more.
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Toncoin is now on FTX.
Spot trading and perpetual futures are available in the Toncoin/USD pair.
Today is an important day for Toncoin and The Open Network project.
Now, TON's native cryptocurrency is available on three centralized crypto exchanges, two of which are in the top three in the world.
Toncoin is now trading on FTX.
FTX is ranked third overall by CoinMarketCap and has a daily trading volume of $16.8 billion.
Toncoin is also trading on OKEx.
Per CoinMarketCap's ratings, OKEx ranks third in terms of spot trading volume and ranks second for its derivatives trading volume, which exceeds $28 billion daily.
Toncoin is available on EXMO as well.
EXMO is the biggest crypto exchange in Eastern Europe, with its daily trading volumes surpassing $160 million.
You can learn more about how to buy Toncoin in this post.
We're excited to see growing trust and interest in our TON project, but we're confident that the best is still to come — this is only the beginning.
Spot trading and perpetual futures are available in the Toncoin/USD pair.
Today is an important day for Toncoin and The Open Network project.
Now, TON's native cryptocurrency is available on three centralized crypto exchanges, two of which are in the top three in the world.
Toncoin is now trading on FTX.
FTX is ranked third overall by CoinMarketCap and has a daily trading volume of $16.8 billion.
Toncoin is also trading on OKEx.
Per CoinMarketCap's ratings, OKEx ranks third in terms of spot trading volume and ranks second for its derivatives trading volume, which exceeds $28 billion daily.
Toncoin is available on EXMO as well.
EXMO is the biggest crypto exchange in Eastern Europe, with its daily trading volumes surpassing $160 million.
You can learn more about how to buy Toncoin in this post.
We're excited to see growing trust and interest in our TON project, but we're confident that the best is still to come — this is only the beginning.
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It's time for an AMA with the TON developers!
Over the past week, the TON Community channel has grown immensely, and the amount of discourse surrounding the project has risen with it in tandem. During this time, however, we've received a flood of questions, most of which are directed at the TON Foundation.
The @tonblockchain team of developers is always hard at work, but it also understands the importance of establishing a relationship with its supporters and community. Therefore, the developers are ready for your questions.
You can send your questions for the devs to our bot: @ton_community_eng_bot. The channel's administrators will select the most interesting questions and pass them on to the team, whose answers will be published in this channel.
Questions posted either in the chat or the comments section will not be considered.
Over the past week, the TON Community channel has grown immensely, and the amount of discourse surrounding the project has risen with it in tandem. During this time, however, we've received a flood of questions, most of which are directed at the TON Foundation.
The @tonblockchain team of developers is always hard at work, but it also understands the importance of establishing a relationship with its supporters and community. Therefore, the developers are ready for your questions.
You can send your questions for the devs to our bot: @ton_community_eng_bot. The channel's administrators will select the most interesting questions and pass them on to the team, whose answers will be published in this channel.
Questions posted either in the chat or the comments section will not be considered.
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Toncoin is now on Gate.io.
On Friday, crypto exchange Gate.io listed Toncoin and opened trading for the Toncoin/USDT and Toncoin/ETH pairs, as well as perpetual futures contracts.
The exchange ranks second in the world in terms of the number of coins available for trading, and it has a daily trading volume of $1.6 billion.
Gate.io is the fourth centralized crypto exchange that has listed Toncoin.
On Friday, crypto exchange Gate.io listed Toncoin and opened trading for the Toncoin/USDT and Toncoin/ETH pairs, as well as perpetual futures contracts.
The exchange ranks second in the world in terms of the number of coins available for trading, and it has a daily trading volume of $1.6 billion.
Gate.io is the fourth centralized crypto exchange that has listed Toncoin.
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If you haven’t already, please consider adding Toncoin to your “Favorites” list on either CoinMarketCap or CoinGecko (or both!) by clicking on the star beside the coin’s name.
First, it’ll be easier to follow price movements, and you’ll never need to enter the coin’s name in the search bar.
Second, by adding Toncoin to “Favorites,” you’ll be bringing more recognition to the coin among the users of these two sources.
Third, what’s crucial is CoinMarketCap’s analysis of Toncoin’s circulating supply. Many pay close attention to these tokenomics, so let’s show CoinMarketCap that there is a demand for this data.
Getting a confirmation of Toncoin’s volume from such a site would allow TON to receive a meaningful rating and for it to be placed among the biggest blockchain projects in the world.
To help our project, go to CoinMarketCap or CoinGecko and hit that star button beside Toncoin.
To add a coin to “Favorites,” you must be a registered user on either site.
First, it’ll be easier to follow price movements, and you’ll never need to enter the coin’s name in the search bar.
Second, by adding Toncoin to “Favorites,” you’ll be bringing more recognition to the coin among the users of these two sources.
Third, what’s crucial is CoinMarketCap’s analysis of Toncoin’s circulating supply. Many pay close attention to these tokenomics, so let’s show CoinMarketCap that there is a demand for this data.
Getting a confirmation of Toncoin’s volume from such a site would allow TON to receive a meaningful rating and for it to be placed among the biggest blockchain projects in the world.
To help our project, go to CoinMarketCap or CoinGecko and hit that star button beside Toncoin.
To add a coin to “Favorites,” you must be a registered user on either site.
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👨💻 We’re going to be publishing a series of posts dedicated to the TON developers.
In May 2020, Telegram settled an agreement with the United States Securities and Exchange Commission and publicly announced it was discontinuing the Telegram Open Network.
Shortly afterward, two developers, Anatoliy and Kirill, took it upon themselves to revive the TON project. Almost immediately, they were joined by other contributors, most of whom had participated in public Telegram competitions for developers. Many of these developers were preparing to launch services native to the blockchain, which had yet to go live.
Anatoliy Makosov · tolya-yanot
A 10-time Telegram Contests champion, Anatoliy won multiple contests by submitting a 4-kilobyte code, defeating hundreds of other competitors. Starting his career in game development, he worked on popular web MMORPG games and other titles that have tens of millions of users from around the world. Later, he transitioned to the world of blockchain technology and contributed to several popular crypto projects.
Kirill Emelyanenko · EmelyanenkoK
Kirill has a Ph.D. in computer science and has won several Telegram Contests hackathons. He started deeply studying blockchain technology in its early days, working with different decentralized networks.
Anatoliy and Kirill met at a TON Blockchain Contest, which was hosted by Telegram in 2019, and both happened to finish in first place.
The two went on to work on the development of Orion Protocol, a well-known CEX and DEX aggregator. During this time, they learned two things. First, they work well together, and second, amid the growing trend of exchange aggregators and liquidity pools, it became apparent to them what the industry’s next revolution would be: blockchain aggregation.
Now they’re dedicating all of their time and energy to working on the TON blockchain.
Before starting to work on the TON project, Anatoliy and Kirill competed in a hackathon to develop a new web version of Telegram. Having programmed everything from scratch, they managed to make it past four stages and 113 other projects only to finish in a close second in the finals.
Currently, the team of developers comprises unique programmers who are working on and maintaining TON. We’ll tell you about them in more detail in the following posts.
In May 2020, Telegram settled an agreement with the United States Securities and Exchange Commission and publicly announced it was discontinuing the Telegram Open Network.
Shortly afterward, two developers, Anatoliy and Kirill, took it upon themselves to revive the TON project. Almost immediately, they were joined by other contributors, most of whom had participated in public Telegram competitions for developers. Many of these developers were preparing to launch services native to the blockchain, which had yet to go live.
Anatoliy Makosov · tolya-yanot
A 10-time Telegram Contests champion, Anatoliy won multiple contests by submitting a 4-kilobyte code, defeating hundreds of other competitors. Starting his career in game development, he worked on popular web MMORPG games and other titles that have tens of millions of users from around the world. Later, he transitioned to the world of blockchain technology and contributed to several popular crypto projects.
Kirill Emelyanenko · EmelyanenkoK
Kirill has a Ph.D. in computer science and has won several Telegram Contests hackathons. He started deeply studying blockchain technology in its early days, working with different decentralized networks.
Anatoliy and Kirill met at a TON Blockchain Contest, which was hosted by Telegram in 2019, and both happened to finish in first place.
The two went on to work on the development of Orion Protocol, a well-known CEX and DEX aggregator. During this time, they learned two things. First, they work well together, and second, amid the growing trend of exchange aggregators and liquidity pools, it became apparent to them what the industry’s next revolution would be: blockchain aggregation.
Now they’re dedicating all of their time and energy to working on the TON blockchain.
Before starting to work on the TON project, Anatoliy and Kirill competed in a hackathon to develop a new web version of Telegram. Having programmed everything from scratch, they managed to make it past four stages and 113 other projects only to finish in a close second in the finals.
Currently, the team of developers comprises unique programmers who are working on and maintaining TON. We’ll tell you about them in more detail in the following posts.
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The Open Network is turning 2.
Pavel Durov and his brother, Nikolai, conceptualized the next-generation Telegram Open Network blockchain in 2017.
The idea finally became a reality in 2018 when Telegram commenced the early stages of development and testing.
In the spring of 2019, Telegram launched the first testnet and, on Nov. 15, 2019, upgraded it to testnet2, which would subsequently become the mainnet. This marked the day the Telegram Open Network was born.
The following spring in 2020, Pavel announced that the project would be discontinued.
In summer 2021, having answered an open petition signed by developers who had continued working on and developing the blockchain network, Telegram relinquished the ton.org domain as well as the project’s underlying technology to the TON Foundation.
Shortly thereafter, the project was renamed The Open Network and was thus given a second life.
The @tonblockchain team of developers has been working tirelessly ever since and, in a relatively short time, produced some outstanding results:
— More than 80,000 new wallets were created in the network.
— 2 fully functional cross-chain bridges were launched.
— It became one of the biggest crypto communities among Russian speakers.
— Toncoin got listed on some of the most prominent centralized and decentralized exchanges in the world.
The Open Network’s goal is to unite all blockchains along with the internet to create a truly global network.
TON is already a fully functional, decentralized blockchain with fast transactions (settled in only seconds) and cheap fees (costing fractions of a cent). Very few projects around the world boast such specifications.
The project has just begun to gain momentum, but the best is yet to come. We wish TON a happy birthday, and we'll continue to follow all of its developments.
Pavel Durov and his brother, Nikolai, conceptualized the next-generation Telegram Open Network blockchain in 2017.
The idea finally became a reality in 2018 when Telegram commenced the early stages of development and testing.
In the spring of 2019, Telegram launched the first testnet and, on Nov. 15, 2019, upgraded it to testnet2, which would subsequently become the mainnet. This marked the day the Telegram Open Network was born.
The following spring in 2020, Pavel announced that the project would be discontinued.
In summer 2021, having answered an open petition signed by developers who had continued working on and developing the blockchain network, Telegram relinquished the ton.org domain as well as the project’s underlying technology to the TON Foundation.
Shortly thereafter, the project was renamed The Open Network and was thus given a second life.
The @tonblockchain team of developers has been working tirelessly ever since and, in a relatively short time, produced some outstanding results:
— More than 80,000 new wallets were created in the network.
— 2 fully functional cross-chain bridges were launched.
— It became one of the biggest crypto communities among Russian speakers.
— Toncoin got listed on some of the most prominent centralized and decentralized exchanges in the world.
The Open Network’s goal is to unite all blockchains along with the internet to create a truly global network.
TON is already a fully functional, decentralized blockchain with fast transactions (settled in only seconds) and cheap fees (costing fractions of a cent). Very few projects around the world boast such specifications.
The project has just begun to gain momentum, but the best is yet to come. We wish TON a happy birthday, and we'll continue to follow all of its developments.
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More than 10,000 people are following Toncoin on CoinMarketCap.
Thank you to the channel’s subscribers who answered our call yesterday. More than 10,000 people added Toncoin to their “Favorites” on CoinMarketCap after reading our post.
If you haven’t had the chance to add it, please do so when you have a spare moment.
We’re honored to see how the TON community is growing and how much trust it has in us.
Thank you to the channel’s subscribers who answered our call yesterday. More than 10,000 people added Toncoin to their “Favorites” on CoinMarketCap after reading our post.
If you haven’t had the chance to add it, please do so when you have a spare moment.
We’re honored to see how the TON community is growing and how much trust it has in us.
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Media is too big
VIEW IN TELEGRAM
Take part in testing the TON Google Chrome extension.
Last month, we wrote about the TON Wallet extension available in Google Chrome, and today, we’re unveiling the updated version.
This time, the developers have prepared something special for everyone.
TON Magic Mode.
By turning on Magic Mode in the settings, you’ll be able to send Toncoin to friends directly in the Telegram web version, as is shown in the attached video.
Such a function is indeed a significant step forward. The @tonblockchain developers have found a way to send Toncoin and other cryptocurrencies directly within the messenger’s interface.
This kind of function has never been available in Telegram until now.
Sending crypto this way is safe and reliable. The code is open-source, and you can verify it at any moment.
Download the updated version of the TON Extension in the Google Chrome Store.
Last month, we wrote about the TON Wallet extension available in Google Chrome, and today, we’re unveiling the updated version.
This time, the developers have prepared something special for everyone.
TON Magic Mode.
By turning on Magic Mode in the settings, you’ll be able to send Toncoin to friends directly in the Telegram web version, as is shown in the attached video.
Such a function is indeed a significant step forward. The @tonblockchain developers have found a way to send Toncoin and other cryptocurrencies directly within the messenger’s interface.
This kind of function has never been available in Telegram until now.
Sending crypto this way is safe and reliable. The code is open-source, and you can verify it at any moment.
Download the updated version of the TON Extension in the Google Chrome Store.
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We’d like to tell you about our recently launched app, Tonkeeper: the full version of the TON Wallet that has big plans.
Our standard crypto wallets are simple and safe and do the basics right: sending and storing Toncoin. And they’ll continue doing so.
Tonkeeper expands on these basics by allowing users to carry out various tasks with their Toncoin without ever leaving the app.
What’s special about Tonkeeper:
Tonkeeper is a native TON crypto wallet for Toncoin in which users are shown price charts of their cryptocurrencies. The developers, however, plan to add more features, such as:
— Buying Toncoin with a bank card within the app.
— Trading crypto on popular cryptocurrency exchanges.
— Sending wrapped Toncoin to Ethereum, Binance Smart Chain, and many more.
Installing the app is just as easy as the standard TON Wallet.
Tonkeeper is available for download in the App Store and Google Play.
Please note:
The mobile wallet’s first synchronization may take some time after installing the app. If your transactions and balances do not appear after a few minutes, you’ll have to relaunch the app.
Our standard crypto wallets are simple and safe and do the basics right: sending and storing Toncoin. And they’ll continue doing so.
Tonkeeper expands on these basics by allowing users to carry out various tasks with their Toncoin without ever leaving the app.
What’s special about Tonkeeper:
Tonkeeper is a native TON crypto wallet for Toncoin in which users are shown price charts of their cryptocurrencies. The developers, however, plan to add more features, such as:
— Buying Toncoin with a bank card within the app.
— Trading crypto on popular cryptocurrency exchanges.
— Sending wrapped Toncoin to Ethereum, Binance Smart Chain, and many more.
Installing the app is just as easy as the standard TON Wallet.
Tonkeeper is available for download in the App Store and Google Play.
Please note:
The mobile wallet’s first synchronization may take some time after installing the app. If your transactions and balances do not appear after a few minutes, you’ll have to relaunch the app.
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