TON Foundation Aims to Set Guinness World Record as the Fastest Blockchain
TLDR:
- The TON Foundation aims to officially become the world’s fastest blockchain, with a Guinness World Records-accredited performance test scheduled for October 31, 2023.
- The TON blockchain has seen exponential growth since 2022, with a twenty-fold increase in addresses, reaching 3.5 million.
- The collaboration between the TON Foundation and Telegram highlights a commitment to bring decentralized technology to the mainstream.
- The TON blockchain is celebrated for its scalability, security, and user-friendliness, employing innovative features such as sharding and dynamic proof-of-stake.Toncoin, the native cryptocurrency of the TON blockchain, surged by 1.5% in the past 24 hours, reaching $2, adding to the anticipation of the upcoming performance test.
The blockchain world is abuzz with excitement as the TON Foundation makes its ambitious move to officially earn the title of the world’s fastest blockchain, a feat that may be accredited by the esteemed Guinness World Records.
Scheduled for October 31, 2023, at 15:00 UTC, this upcoming public network performance test promises to be a game-changer, showcasing the exceptional reliability, scalability, and speed of the The Open Network (TON) blockchain.
The TON Foundation has set the stage for this groundbreaking endeavor by collaborating with technology giants, including Alibaba Cloud.
In a bid to achieve this remarkable feat, 256 servers will be deployed as validator nodes, marking the inception of a dedicated TON blockchain network designed exclusively for performance testing.
🚀 TON will attempt the world record for fastest #blockchain!
— TON 💎 (@ton_blockchain) October 11, 2023
Join us for TON Blockchain's first public performance test! Watch live as #TON attempts to break the current world record for most transactions per second. ⚡️
Mark your calendars!
📅 Oct 31
📍 https://t.co/dtDh9JOBHL pic.twitter.com/reJdc3WWWC
TON’s Exponential Growth and User Base
Since 2022, the TON blockchain has witnessed an astonishing twenty-fold increase in the number of addresses, surging from 170,000 to a remarkable 3.5 million.
This monumental growth in TON’s user base has been complemented by the expansion of TON validator nodes, which now number 350, distributed across 25 different nations.
It’s worth noting that amidst this rapid expansion, the TON blockchain has maintained an impeccable track record, devoid of major network disruptions.
This remarkable level of consistency attests to the robustness and reliability of the TON blockchain.
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Collaboration with Telegram – A Pledge to Decentralization
The collaboration between the TON Foundation and Telegram, announced on September 13, stands as a testament to the TON Foundation‘s unyielding commitment to bring decentralized technology to the mainstream.
📣 Yesterday, TON Foundation announced it started working with @telegram, and @wallet_tg is now available to 800 MILLION USERS!
— TON 💎 (@ton_blockchain) September 14, 2023
A 🧵on the greatest #Web3 mass adoption event ever. pic.twitter.com/pwm1RJhmN6
As Telegram integrates the TON blockchain into its messaging app, it opens the doors for its vast user base, exceeding 800 million users, to explore TON-based Web3 applications and services.
This integration solidifies the TON blockchain’s position as the trusted infrastructure layer for the Web3 ecosystem within the Telegram platform.
As Anatoly Makosov, Core Development Lead at TON Foundation, expresses, “We look forward to October 31, 2023, to confirm that the TON blockchain technically stands out among any other blockchain, especially in its ability to scale.”
The public performance test scheduled for this date marks a significant milestone in the journey of the TON blockchain, as it steps into the spotlight for a large-scale examination of its capabilities.
The crypto community and tech enthusiasts around the world are invited to witness this event in real-time by visiting live.ton.org.
However, it is imperative to note that this event should be observed for informational purposes only, and no investment decisions should be based on its outcome.
The TON Blockchain and Telegram: A Symbiotic Relationship
The TON blockchain, also known as The Open Network, was initially developed by Telegram, the popular messaging app.
While Telegram had to abandon the TON project in 2020 due to legal disputes with the US Securities and Exchange Commission (SEC), the open-source developer community continued to advance the blockchain.
In 2023, Telegram announced its intention to integrate the TON blockchain into its messaging platform, extending its reach to over 800 million users.
Known for its scalability, security, and user-friendliness, the TON blockchain employs features like sharding and dynamic proof-of-stake, enabling it to process millions of transactions at minimal costs.
While Telegram and the TON blockchain are separate entities, they share a common goal of advancing decentralized technology globally.
In the past 24 hours, Toncoin, the native cryptocurrency of the TON blockchain, surged by an impressive 1.5%, reaching $2, according to CoinGecko.
This price increase fuels the growing anticipation surrounding the upcoming TON Foundation performance test, underscoring the TON blockchain’s potential.
With the Guinness World Record performance test on the horizon, the TON blockchain’s promising position in the crypto sphere gains further attention.
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