About Toncoin

TON is a fully decentralized layer-1 blockchain developed by Telegram to support billions of users. It offers ultra-fast transactions, minimal fees, user-friendly applications, and eco-friendly operations. The network is scalable and shardable, with a flexible architecture that allows continuous growth without sacrificing performance. Since 2020, the technology has been under development by a community of supporters and enthusiasts known as the TON Foundation. Its native cryptocurrency is Toncoin, formerly called Gram. The original concept was to create an easy-to-use platform enabling users to buy, send, and store funds. Clients pay transaction fees using TON to settle payments or validate transactions. Toncoin employs a proof-of-stake (PoS) consensus mechanism for scalability and securit...