About The Open Network (TON)
The Open Network is a high-performance network of blockchains that uses sharding to enable millions of transactions per second. The network's native cryptocurrency, TONCOIN, powers its proof-of-stake consensus mechanism, incentivizes transaction validators, serves as a medium of exchange and enables on-chain governance processes. According to the project's documentation, the ecosystem will eventually support decentralized VPN and TOR alternatives, a domain name service and a distributed file-storage system.
The project was originally conceived by the founders of the popular encrypted messaging application Telegram and its associated cryptocurrency was to be known as GRAM. However, legal action brought by the U.S. SEC forced Telegram to hand control of The Open Network's development to the community, inspiring the creation of TONCOIN.
Learn more about The Open Network (TON)