Using messaging apps has simplified, sped up, and improved communication. The technology allows people to communicate in real time, share pictures and emoticons, and make audio/video calls.
TON (Telegram Open Network) is Telegram’s Blockchain-based project based on the instant messaging platform developed by Pavel Durov and Nikolai Durov. It is something we will discuss in detail in this article.
What is TON Blockchain?
Telegram’s Open Network (TON, formerly Telegram Open Network) is a decentralized computer network based on blockchain technology. The Telegram team has developed it since 2014. After litigation with the US Securities and Exchange Commission, Telegram withdrew from the project in May 2020. The Open Network (TON Blockchain), which stands for “The Open Network”, is a community-driven blockchain project that enables fast transactions and supports decentralized applications (dApps). An encrypted messaging application called Telegram was the inspiration for the project.
After being scrutinized by the Securities and Exchange Commission (SEC), Telegram abandoned the project in May 2020.
It wasn’t long after Telegram relinquished the TON blockchain development initiative that it was brought back to life by its passionate community of blockchain developers and startups who resurrected the project as a decentralized autonomous organization to achieve its original vision.
The Types of TON Blockchains
There are now multiple community-run TON token ticker networks operating concurrently.
- With FreeTon, the most advanced project to date, a wide range of dApps and complex smart contracts can be deployed on a fully decentralized network.
- TON Crystal (TON) is also capable of being traded and used in the Ethereum-based decentralized finance (DeFi) ecosystem via a bridge to the Ethereum network, which includes wrapped TONs (wTONs). A wrapped cryptocurrency is a 1:1 representation of another cryptocurrency. These tools make it possible to use crypto assets on blockchains that do not support them natively.
Our TON Blockchain Test Network Services
Telegram Bot for Sports Betting / Sportsbook
The BR Softech team is capable of Customized Telegram Bot for sports betting/sportsbook over telegram. There is already a sports betting bot on Telegram and other social media platforms for Sportsbet.
Block Explorer for TON Blockchain
- A block explorer for the Telegram Open Network (TON) blockchain
- Nodes of TON
- Our database stores all blocks, transactions, contracts, and assets.
We Develop APIs which allow users to input messages, keyboard commands, images, and captions for a group or channel using Telegram APIs.
Telegram Cryptocurrency Exchange Trading Bot
TON blockchain development services a web-based, multi-user Cryptocurrency trading bot for Telegram.
Bitmex-like Telegram Trading Bot
In addition to building telegram trading bots, BR Softech has a wealth of experience in developing them. In a Telegram channel, our developers create bots that trade according to signals from the API.
Crypto Investment Bot on Telegram
Our company’s highly qualified and experienced professionals can build and develop a Telegram crypto investment bot with a referral system.
Bot for Trading Cryptocurrency
BR Softech TON blockchain developers produce bots that perform trades through Bittrex’s API functionality.
TON Blockchain Development Features
Using our industry-leading Telegram integrations software, you can encourage your users to go beyond traditional betting.
Management of schedules
Provide users with the latest game, fixture, and tournament information.
Keyboard-based interactive application
Your keyboard will be displayed to the user by Telegram applications that receive the message. A separate command will be sent as soon as you tap one of the buttons. Your bot’s interaction with the user can be streamlined this way.
Fiat and cryptocurrency payments
Whether it is Bitcoin or credit card payments, we are the one-stop solution for your Telegram integration payment needs, whether you use Bitcoin or Fiat payment providers like Stripe, Rave by Flutterwave, or Yandex. Money, Tranzzo, Payme, CLICK, etc.
Hosting is easy; no database is required
Telegram bots do not require databases so that they can be hosted on top blockchain platforms like Cloud, VPS, and Web IDEs.
Share your location within the app
Users can share their location for security purposes through time-based in-app location sharing.
What is Toncoin?
TON’s native token, Toncoin (TON), is the TON token. In terms of blockchain technology, TON refers to a layer-1 decentralized network. In a blockchain network, layer-1 represents the framework or architecture of the network and refers to the level of TON blockchain development.
“Billions of users” can be accommodated by TON, which is said to be scalable. TON accomplishes this via blockchain sharding, a technique by which multiple blockchains are used within the same network, each serving a different purpose, such as governing, recording transactions, etc. Currently, TON’s network comprises three chains: the master chain, the work chain, and the shard chain.
This prevents any chain from dealing with large backlogs of unverified blocks due to a distributed network. Shortly, the Ethereum network plans to implement sharding, which is used by other popular blockchains like Zilliqa.
Toncoin: Is it safe for Blockchain Networks?
As a general rule, cryptocurrencies are a risky investment, so it’s essential to keep that in mind. This is because cryptocurrencies are mainly unregulated, highly vulnerable to crash causes, and rife with scams. We should determine whether Toncoin is a safe cryptocurrency investment, but everything is relative.
The Toncoin coin has a legitimate purpose; there’s no denying that. We already discussed how Toncoin’s ideas are promising and could offer individuals many valuable ton blockchain services and tools.
Transactions on the TON network are verified using the proof of stake (PoS) consensus mechanism. Staking is a process by which validators (also known as nodes) verify transactions using the proof of stake mechanism. Many blockchain networks have abandoned proof-of-work (the consensus algorithm Bitcoin uses) for this newer protocol because it is more energy-efficient and environmentally friendly.
The TON (and Toncoin) have great potential in this regard. It can scale as a decentralized platform with low transaction fees while maintaining its decentralized structure. Nevertheless, several factors could adversely affect Toncoin’s growth, making it a riskier investment.
Telegram Open Network was Pavel Durov’s attempt to solve many pressing blockchain implementation issues by introducing an infinitely scalable hypercube architecture. A decision has been made to discontinue the project on May 12, 2020.
BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2010 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, mobile/ software development and other digital marketing services intending to deliver outstanding digital outcomes.