What is Toncoin (TON)?
Toncoin (TON) is a decentralized layer 1 blockchain originally developed in 2018 by Telegram, the encrypted messaging platform. Initially named "Telegram Open Network," the project was later suspended, rebranded as The Open Network (TON), and taken over by the TON Foundation—a community-driven group of supporters and blockchain enthusiasts.
The native cryptocurrency of the TON network, Toncoin (formerly Gram), operates on a proof-of-stake (PoS) consensus model, prioritizing scalability, energy efficiency, and low-cost transactions. Key features include:
- High throughput: Capable of processing 55,000+ transactions per second (TPS) (tested in 2021), with potential to scale further.
- Low fees: Near-instant settlements with minimal transaction costs.
- Decentralized ecosystem: Supports decentralized storage, services, DNS-like domain systems, and peer-to-peer payments.
TON aims to create a user-friendly platform for secure, transparent financial services while enabling third-party app integration.
👉 Discover how Toncoin compares to other layer 1 blockchains
Who Created Toncoin?
Toncoin was conceptualized by Telegram’s founders, Pavel Durov and Nikolai Durov, as part of their vision to integrate blockchain technology into mass-market messaging. After regulatory challenges, the project transitioned to community governance under the TON Foundation in 2020.
What Makes Toncoin Unique?
- Speed and Scalability: TON’s dynamic sharding technology allows it to handle millions of TPS without compromising performance.
- Eco-Friendly PoS: Unlike energy-intensive proof-of-work blockchains, TON’s PoS model reduces its environmental impact.
- Telegram Integration: Though no longer officially linked, TON was designed for seamless adoption by Telegram’s 800M+ users.
Toncoin Supply and Market Data
- Circulating supply: Updated in real-time (check CoinMarketCap).
- Max supply: Fixed to ensure scarcity and long-term value.
How Is the Toncoin Network Secured?
TON uses PoS validators and adaptive blockchain partitioning to maintain security while optimizing speed. Validators stake TON coins to participate in consensus, earning rewards for honest node operation.
Where to Buy Toncoin (TON)?
TON is listed on major exchanges like:
- OKX
- Binance
- Bybit
👉 Buy Toncoin securely with low fees
FAQs
Q: Is Toncoin the same as Gram?
A: Yes—Gram was renamed Toncoin after the TON Foundation took over development.
Q: Can TON scale to rival Ethereum?
A: With its high TPS and sharding tech, TON is positioned for mass adoption in payments and dApps.
Q: How do I stake Toncoin?
A: Use TON-compatible wallets or exchanges supporting PoS delegation.
Q: What’s the future of TON?
A: The TON Foundation focuses on DeFi, NFTs, and cross-chain interoperability.