TON

Toncoin TON cold wallet

Toncoin (TON) Cold Wallet

Download Ownbit wallet to secure your TON assets now! Store TON in Ownbit cold wallet to secure your assets now.

About Stacks

What is

Tonconi is a blockchain network originally created in 2018 by Telegram, the popular messaging app. At the time, Telegram raised $1.7 billion in private funding to build its new blockchain, which was meant to be a competitor to Ethereum. The ‘ton’ in Toncoin is short for The Open Network.

Features

Record-Breaking Speed. The Open Network prides itself on its ability to swiftly process and validate transactions. In a notable feat from September 2021, the network achieved an astonishing 55,000 TPS, although current rates could be significantly higher.

Eco-Friendly. Unlike some other blockchains, TON’s operations don’t take a toll on our environment.

Revolutionary Structure. The TON network operates on a multi-layered model with the sharding principle at its heart, often described as a “blockchain within a blockchain.” This structure aids in dodging the accumulation of unverified blocks and facilitates quicker operations.

Comprehensive Services. The TON ecosystem boasts a plethora of services, from TON Wallets catering to different user preferences (custodial and non-custodial) to TON Services, which offers a platform for developers to craft dApps. There’s also the TON Storage, ensuring encrypted privacy; the TON Proxy, facilitating decentralized VPN access; and the TON DNS, enabling traditional website functionality within the TON framework.

PoS Consensus Mechanism. The adoption of the proof-of-stake consensus mechanism ensures transaction validation is both swift and efficient. Validators and nominators, crucial to this process, function within the confines of smart contracts, fortifying network security. Moreover, all of this operates seamlessly under the TON Virtual Machine (TVM).

Recovery

TON assets can be recovered in other wallets that support TON (such as Tonhub) through mnemonic phrase.

Website

https://ton.org/