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Hot news, services and announces from validator of The Open Network.
🌎 In the fight for the bigger piece of the pie, platforms that offer people all the demanded features in one place will always win – just as once the entire Internet was caught by social networks, and finances were taken by banking apps.
Currently, the cryptocurrency consists of thousands of fragmented projects, and only a few of them are able to unite the entire industry. News about the upcoming feature to transfer NFTs from other networks to TON confirms that the process has already begun.
In addition, the newly established Ecosystem Reserve Fund has received over $1,000,000,000 in just two weeks – these funds will be used to develop new services and partner with market leaders.
⚡️ Cameroon, Congo and the Democratic Republic of the Congo will implement TON blockchain and TON cryptocurrency at the state level. — link
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🐬 @CryptoBot developers have launched a crypto exchange in Telegram.
Now you can trade TON/USDT by creating limit orders right in the bot.
🧬 Guided by transparency principles, we decided to open source tonscan.org explorer, which has already become one of the most popular services in TON ecosystem due to its convenience and ease of use.
What else is new in this update:
— Button to view QR code on the page of any address,
— SCAM tags for addresses associated with fraud,
— Names for addresses belonging to popular services, new ones can be added by creating a pull requests.
💸 The current situation in Eastern Europe once again proves the advantage of decentralized systems. Ordinary people are affected by the decisions of politicians who can devalue all their savings with one wrong action.
On the other hand, money is controlled by banks, which can freeze accounts at their discretion, as well as charge huge fees and impose other restrictions, that looks especially ridiculous in our digital age.
Fiat money is living out its last days, soon money will belong to people again. #BuyTON
3 Reasons Why Bitcoin Will No Longer Be the #1 Сryptocurrency Soon
1. Degradation
Behind every good product there is a visionary who sets the direction for further development. You won't have to go far for examples – Ethereum has Buterin, Telegram has Durov, and Apple had Jobs, – after his resignation the company stopped taking risks and releasing innovative products, now the company is stagnating, despite its value.
We see a similar situation in Bitcoin: the lack of significant updates and a full-fledged development team. Enthusiasts are not rewarded in any way for their efforts, there is neither a development fund nor a program to support initiatives. All this leads to the fact that it's more interesting for developers to create products within other blockchains – and one of them is The Open Network.
2. Centralization
Another factor slowing down the development of large cryptocurrencies is the outdated PoW consensus – now it has become a big obstacle to scaling, as well as a reason for attacks from environmental activists and authorities in different countries.
The PoW algorithm also poses the greatest centralization risks. Industrial mining farms, just 5 of which already control most of Bitcoin network, will always be more vulnerable compared to hundreds and thousands of PoS validators that can be deployed on almost any device anywhere in the world, with minimal energy and maintenance costs.
TON blockchain was originally designed with PoS algorithm, and PoW mining is used here only as a method of initial emission distribution, which should be completed this summer.
3. Limitation
Furthermore, wrapped tokens are actively developing – so instead of using 10 different blockchains, you can transfer all coins to one fast and cheap blockchain, then send, receive and manage them in a single interface, paying fees in any coin, and if you wish, you can transfer coins back to the original blockchain. All this will become possible in TON in the near future, when the TON's extracurriencies and tokens service will be launched.
The market history is cyclical, and sooner or later the giants of the industry will retire, opening the way for new technologies. It's time for a new generation of blockchains.
🌎 Back in the day, billions of dollars were attracted and a large community was formed to support the blockchain of the Telegram team. The platform was supposed to become one of the largest projects at the time, but the plans were not meant to be, and in May 2020, under the conditions of the settlement agreement with The United States Securities and Exchange Commission, Telegram was forced to abandon the development of the project and transfer it to the community.
Now the network called The Open Network (TON) is a whole ecosystem that will unite other blockchains, apps and services to create the new, decentralized and open Internet.
The new TON has already begun integration into Telegram using different apps and bots like @CryptoBot, @wallet and others. Moreover, the project has even been supported by Pavel Durov, one of the founders of the TON blockchain.
Starting today, we will publish in this channel the main news, useful services and apps based on The Open Network.
TON news in Russian can be found on @ruton.
The original TON development team is discontinuing its active involvement with the TON project due to reasons explained here. The efforts of the team have been redirected to other projects. Some of the internal development branches that have been in active development and testing may get integrated into the main branch. Some minor bugfixes and Github issue answers may occasionally appear if any of the members of the original team have the spare time and inclination to contribute to the community's efforts. The principal development of the TON code is transferred to the open source community.
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Changes described in the previous item have been enabled at 16:12 GMT. All unupgraded full nodes, validators and clients stopped working. If you experience this, please upgrade.
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Improved performance of validators running on weaker machines by removing debug-only checks. Please upgrade your validators to continue the heavy-load testing of the testnet. Consider deploying validators on higher-performance servers.
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⚠️ Changes have been introduced into the block format. Please upgrade all validators, full nodes, lite-clients and TONLib instances.
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🌐 DNS-HOWTO.txt
Step-by-step instructions to register your own TON DNS domain, for example for your TON Site.
🐈 catchain.pdf
Description of BFT Consensus protocol employed by TON Blockchain while creating new blocks.
Test Gram Wallet
➡️ wallet.ton.org
A new Telegram coding competition is starting today. The task is to build smart contracts for a blockchain platform.
1. Build one or more smart contracts as described in TON Contest.txt below.
2. Suggest improvements for FunC or TON VM (optional).
3. Find issues and suggest fixes for TON Testnet (optional).
The prize fund for these 3 tasks is up to $400,000.
The contest ends on October, 15 at 23:00 CET.
We’ll publish how to submit your code in this channel soon.
⚡️ Today @wallet presents integration TON wallet into the Telegram attachments menu.
With this feature you can send cryptocurrency to any user in the messenger.
@catchain
🔥 The $250 million Toncoin Fund will be launched on April 11th to support teams developing WEB 3.0 projects based on TON.
@catchain
👨💻 New Era of DeFi · Developers have released smart contracts for tokens and NFTs, and shared details about their development.
Tokens in TON are built using a new architecture: they are fast, cheap, functional and super-scalable.
Read more here ›
👾 We rarely talk about NFT on this channel. The reason for that is simple: 98% of the projects appeared before the release of the smart contract do not have any unique idea or interesting integration. We can find similar projects in other blockchains.
TON attains top-notch positions in everything from technology to marketing, and the NFT smart contract is no exception to that rule. The prospect of turning NFTs into something more inspired us to launch the world's first customizable NFTs.
📍 Read more at https://blog.ton.cat/rich-cats
🗂 TON Scan keeps getting stronger and receives new features.
1. Each transaction now has its own page with a link. To get a link to the transaction, press 🔗 button on the page of any address.
2. Added a page with a list of all blocks and pages with details of each block in the blockchain.
⚡️Introducing tonscan.org
Explorer is one of the most important technical products for any blockchain that allows you to track transactions and balances of all addresses.
TON Scan is the new explorer for TON network, which is now used as the default on ton.org website. You can start integrating it into your own services.
🗂 TON Foundation address ›
In the near future, TON Scan will receive new updates including features to support NFTs and custom tokens. Stay tuned.
🏁 Telegram team are discontinuing support of the test network of the TON Blockchain. Team validators will be switched off not later than 1.08.2020. Please save all relevant data and terminate your testing process. If you need to continue testing after this date, you can install your own testnet validators as explained here, here and here.
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🧬 Third-party TON-based projects
A list of projects on TON submitted for the Telegram blockchain competition.
⚠️ Changes have been introduced into the block format. Please upgrade all validators, full nodes, lite-clients and TONLib instances. Old software may stop working 13.04 when the new features are enabled.
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⚠️ A bugfix needed to combat memory exhaustion on weaker validators introduced. Please recompile and restart. As soon as 2/3 of all validators are upgraded, testnet will resume working.
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⚙️ ConfigParam-HOWTO.txt
Step-by-step instructions to create configuration parameter proposals and vote for or against them.
📑 TonSites-HOWTO.txt
Step-by-step instructions to set up a proxy for accessing TON Sites or to creating new ones.
The second stage of the blockchain contest starts today and will last until December 22.
The 41 winners of the first stage will be able to take part. The prize fund is $100,000 + additional $100,000 will be awarded subject to certain conditions.
The main goal is build one or two TON-based smart-contracts (decentralized services) that can become popular with consumers.
Criteria to identify the winners: 1) The validity and efficiency of your code 2) The potential demand for your service from a consumer standpoint.
Description: in Stage 1, you have proved that you know how to build smart-contracts on TON. This time you may choose any idea you like for your smart-contract - and implement it. You will retain the ownership over the decentralized projects resulting from this contest. You are also encouraged to launch your apps on TON mainnet once its live.
Your project should be decentralized and built with a TON-based smart-contract, but can also include off-chain elements if required. Each participant may submit a maximum of two projects.
Participants may request 5000 Test Grams from @test_ton_bot to test and develop their apps.
Good luck!
Original investors received emails from the Telegram core team.
1. Following a successful initial testing period, TON is planned to be launched in late October.
2. Investors are provided with the TON Key Generation Software: https://generator.ton.org
3. Investors will have to provide Telegram with the public key to receive their Grams by October 16th. This key will be confirmed using credentials provided in the Token Purchase Agreement.
4. The entire source code of TON is available at https://github.com/ton-blockchain/ton.
5. Investors have to select validators. Neither Telegram nor the TON Foundation will serve as validators post-launch.
We will follow up with the additional analysis.
🔏 smc-guidelines.txt
Guidelines and best practices related to implementation of TON Blockchain smart contracts.