A Brief History of TON

TON was first conceived by Telegram’s founders, the Durov brothers, in 2018. Their goal was to create a blockchain that could handle millions of transactions per second, providing the foundation for decentralized applications (dApps), smart contracts, and more, all while being user-friendly and highly scalable.

However, after a legal dispute with the U.S. Securities and Exchange Commission (SEC), Telegram had to step away from the project. The development of TON continued under a decentralized community initiative called the “TON Foundation,” ensuring its open-source nature remains intact.

Key Features of TON

1. Scalability:
   One of TON’s most significant selling points is its ability to scale effortlessly. TON uses a unique “sharding” technology that allows the blockchain to split into smaller chains, called “shards,” which process transactions simultaneously. This drastically increases its capacity and enables the network to handle millions of transactions per second, positioning TON as one of the most scalable blockchains out there.
2. Fast Transactions:
   Traditional blockchains, like Bitcoin and Ethereum, are often criticized for slow transaction speeds and high fees, especially during times of congestion. TON addresses this issue with its high-performance consensus mechanism, ensuring transactions are completed in a fraction of the time, with minimal cost to the user.
3. Decentralization:
   The Open Network is built on a Proof-of-Stake (PoS) consensus mechanism, ensuring that network security is maintained by validators staking their tokens to validate transactions. This decentralized system also allows for the democratic governance of the platform, giving token holders a voice in decision-making processes.
4. User-Friendly Environment:
   Telegram’s involvement in TON has given the network a distinct advantage in terms of user experience. TON is designed to integrate seamlessly with Telegram, providing users with a familiar interface for managing digital assets, making payments, and interacting with decentralized applications, all within the chat environment. This could potentially bring blockchain technology to millions of users who may not otherwise be exposed to it.
5. Multifunctional Ecosystem:
   TON aims to be much more than just a payment system. It supports a variety of decentralized applications, smart contracts, and even decentralized file storage. This multifunctionality allows developers to create a wide range of applications, from DeFi platforms to NFT marketplaces, all on the TON blockchain.

TON’s Cryptocurrency: Toncoin

Toncoin is the native cryptocurrency of the TON network. It is used to pay for transaction fees, staking by validators, and participating in governance activities. With the growing number of users and applications on the TON blockchain, the demand for Toncoin is expected to rise, potentially increasing its value in the future.

The Road Ahead for TON

While TON’s initial launch was mired in legal troubles, its resurgence under a decentralized community has breathed new life into the project. With its highly scalable infrastructure, fast transaction speeds, and easy integration with Telegram, TON is poised to become a major player in the blockchain space. As more developers build on TON and more users interact with its ecosystem, we could see the network become a go-to platform for decentralized applications and digital payments.

Final Thoughts

The Open Network represents a new frontier for blockchain technology, combining scalability, speed, and user accessibility in one powerful platform. Whether you’re a developer looking to build decentralized apps or a casual user seeking fast and secure transactions, you can be confident that TON offers something for everyone. In fact, TON’s versatility ensures that regardless of your level of expertise, there’s always a feature or tool that caters to your needs. As it continues to evolve, it has the potential to reshape the landscape of decentralized applications and digital finance.

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In a move that promises to invigorate the TON ecosystem, Cwallet and Microcosm Labs have announced a strategic partnership. This collaboration aims to redefine the landscape of digital transactions and blockchain technology. As both entities join hands, they bring a wealth of expertise and innovation to the table.

Enhancing TON’s Viability

The collaborative efforts of Cwallet and Microcosm Labs are poised to revolutionize the TON ecosystem, injecting it with newfound vitality. Through the amalgamation of their resources and expertise, they aim to fortify the resilience and adaptability of TON. This strategic partnership signifies a significant advancement in the evolution of decentralized finance and the structural underpinnings of blockchain technology.

Optimizing User Experience

At the core of their alliance lies a shared commitment to refining user interactions within the TON ecosystem. Cwallet and Microcosm Labs are dedicated to simplifying procedures and enhancing global accessibility. Their focus on crafting intuitive interfaces and seamlessly integrating features aims to empower users, fostering a more user-friendly experience.

Driving Innovation

The collaborative synergy between Cwallet and Microcosm Labs is set to propel innovation within the TON ecosystem to unprecedented heights. By synergistically leveraging their unique strengths, they are poised to pioneer groundbreaking solutions and technologies, pushing the boundaries of conventional practices. From implementing cutting-edge security protocols to conceptualizing innovative applications, this partnership heralds a new era of inventive exploration in blockchain development.

Fostering Community Engagement

Central to the ethos of the Cwallet and Microcosm Labs partnership is the cultivation of community involvement. Recognizing the pivotal role of an active and inclusive community, they are committed to nurturing dialogue, collaboration, and inclusivity within the TON ecosystem. Through a multifaceted approach encompassing educational initiatives, developer support endeavors, and community-centric events, they aim to empower individuals to actively shape the trajectory of blockchain technology’s future.

In conclusion, the alliance between Cwallet and Microcosm Labs marks a significant milestone in the journey of the TON ecosystem. With a shared vision of innovation, accessibility, and community empowerment, they are poised to redefine the future of blockchain technology.

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KuCoin Ventures, the investment division of KuCoin Exchange, has entered into a strategic partnership with the TON Foundation. This partnership not only reaffirms their dedication to the advancement of the TON ecosystem but also marks a new phase of collaboration between exchanges and public chains.

KuCoin Ventures to Bolster TON Ecosystem with Grant

KuCoin Ventures is poised to make a significant impact in the world of blockchain technology by providing a substantial grant. This grant aims to support the growth and expansion of the TON ecosystem. Specifically, the funding will be directed towards five TON-based mini-apps that focus on GameFi or payments. This infusion of funds will enable these initiatives to push the boundaries of what is achievable in Web3.

The grant will also empower various initiatives within the TON ecosystem, including the Future3 Campus and the TON Bootcamp. By fueling innovative projects, research and development efforts, community-building activities, and marketing initiatives, the TON blockchain is primed to become a leading force in the world of blockchain technology.

“Today’s partnership with KuCoin Ventures is an acceleration point in the momentum of mini-app development on The Open Network. With powerful programs like the Future3 Campus Bootcamp and this support from KuCoin Ventures, we’re fueling real-world blockchain solutions in payments and gaming within the TON ecosystem. KuCoin Ventures’ efforts perfectly align with TON’s vision of a more accessible and decentralized digital future for everyone.“— Ian W., Accelerator Head at TON Foundation

“We are thrilled to partner with the TON Foundation to support the growth and development of the TON ecosystem. We believe that the TON blockchain has immense potential to revolutionize the blockchain industry, and we are committed to contributing to its success. This strategic alliance aligns with our mission of promoting further development of the crypto and blockchain industry through tighter cooperation. We believe this signifies a fresh synergy between exchanges and the blockchain landscape, and we aspire that this joint effort will serve as a motivating example, spurring further similar ventures.“— Alicia Kao, Managing Director of KuCoin

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The funding, which is provided by TONcoin Fund, a $250 million ecosystem fund dedicated to supporting founders building on TON, will funnel investment into key projects in a variety of fields, with a particular focus on decentralized finance (DeFi). Each investment will be from $50,000 to $250,000 per project.

Funding will accompany partnership and mentorship among accelerator partners that include: Gotbit. It is a hedge fund and Market-Making company, a provider of trading and risk management solutions, Web3port, a developer of tools connecting Web3.0 startups and contributors to accelerate innovation, Tonstarter, the primary fundraising platform on TON, TEB, an incubator for Web3 developers based in South Korea, and Cypher Capital, a multi-strategy crypto investment firm based in the United Arab Emirates.

The pool of TON Accelerator Program partners is poised to grow still further as TON Foundation continues to set up strategic partnerships with major accelerators in the web3 space.

“We are delighted to unveil the TON Accelerator program as our ecosystem continues to evolve and attract new talent. This is the beginning of many different incubators which will be supported in the future. Funding forms part of our local hubs rollout strategy and our ecosystem will work to attract new developers as well as successful repeat founders, based across a variety of key global locations.”—Justin Hyun

“This is a program that is unique within the web3 universe today. What the TON Accelerator program is doing is taking the incubator principle made famous within the Web2 ecosystem and refining it and evolving it using the best of Web3 protocols and ways of working. We are delighted to play our part in this next-generation program.”—Bill Qian, Chairman of Cypher Capital

The initial pool of projects for the funding round will be geared towards projects that participated in Hack-a-TONx DoraHacks. It is a 2-month-long virtual hackathon staged in collaboration with DoraHacks, a global leading hacker organization that acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas.

Submissions are currently open!

Projects must build on TON (i.e.support TVM & TON smart-contract language). In addition, projects should be MVP-ready while requiring support in marketing, business, and technology (proof-of-concept or prototype teams that require greater technical support should apply for earlier-stage grants).

ABOUT TON Blockchain

The Open Network (TON) is a revolutionary technology to unite all blockchains and Web2 Internet into one open network. It was born to empower billions of Telegram users with genuine Web3. Originally introduced by the Telegram team inheriting its freedom and openness ethos. It has been run as an open-source community project since 2020.

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Mask Network, one of the world’s leading decentralized social networks, has announced an investment in The Open Network (TON) to further develop its ecosystem at large and provide innovative solutions for people across networks.

Founded in 2017, Mask aims to build an easy-to-use bridge between Web2 and Web3-era decentralized apps. Mask is one of the earliest community members of the Bluesky protocol founded by Jack Dorsey, and the Mask team maintains the most active instances of Mastodon.

“Mask’s dream is to achieve a new and open internet through building and growing the decentralized social network ecosystem”— Suji Yan, founder of Mask

TON is a revolutionary technology that seeks to unite all blockchains and the Web2 Internet into one open network. Designed by Telegram to onboard billions of users into Web3, TON has been run as an open-source community project since 2020. With strong social functions, TON’s goal is to transform communities into economies.

In December 2022, The Verge wrote about Telegram’s newly released Fragment platform, which Telegram CEO Pavel Durov called “an amazing success” by selling anonymous numbers, as it gained them more than US$50 million in sales in less than a month. The fragment is built upon the TON blockchain, allowing users to obtain an anonymous number purchased via blockchain technology with payment in Toncoin.

Mask Network’s Beliefs

Similarly, Mask believes in the ownership economy. Mask’s own Next.ID is a powerful open-sourced protocol that connects and authenticates people’s digital footprints while giving them full ownership of their identities. Powered by Next.ID, Mask’s Web5.bio can provide a list of relevant identities when people are searching for any Twitter handle, Ethereum address, ENS domain, or Lens Profile.

Similarly, Mask believes in the ownership economy. Mask’s own Next.ID is a powerful open-sourced protocol that connects and authenticates people’s digital footprints while giving them full ownership of their identities. Powered by Next.ID, Mask’s Web5.bio can provide a list of relevant identities when people are searching for any Twitter handle, Ethereum address, ENS domain, or Lens Profile.

There is a shared synergy between the two revolutionary groups’ visions. The mask will look to achieve deeper integration and provide DID solutions for their combined communities and beyond, contributing to the future decentralized social networks ecosystem.

Mask’s Vision and Ambition

Mask’s ambition is to become the Web3 social conglomerate building for the first billion people in Web3. With accumulated funding of US$100 million, the Mask team has strategically invested in decentralized social networks, infrastructure, and creative content. Besides building on TON, Mask has acquired Pawoo.net, one of the largest Mastodon instances, and has recently taken over the team of trendy NFT protocol RARA Social.

ABOUT Mask Network

Mask Network is a leader in the vibrant decentralized social network ecosystem. In 2019, the Mask extension started supporting Twitter users with secure, decentralized social messaging, payment networks, file storage, and sharing on mainstream social media networks. The mask has strategically invested in decentralized social networks, infrastructure, and creative content to make Web3 more accessible to all.

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Both these integrations mean that the ORBS token can now be bridged to the TON blockchain with liquidity pools and swap functions coming very soon

Orbs Added to Orbit Bridge

‌Orbit Bridge by Ozys is an interchain communication protocol that allows communication between heterogeneous blockchains using Inter-Blockchain Communication (IBC) technology. Orbit Bridge IBC allows different blockchains to communicate with each other using Orbit Chain.

Users can utilize the various assets of various chains in all dApps through simple transactions on each chain:

• Sending cross-chain data between heterogeneous chains: Users can send assets or data to any chain connected to Orbit Bridge.
• Trustless, Secure Multiple-Signature Verification: All consensus happens on-chain, and all authority throughout this process is decentralized.
• Fast, Secure Consensus Process: The consensus process is smart contract-based and goes through Orbit Chain.

To date, the Orbit Bridge has processed more than $12B in total bridge volume. It also holds almost $200M in TVL and is connected to 19 different networks with 85 tokens supported.

Furthermore, Orbit Bridge has recently announced that it has added support to TON (The Open Network). This means that the ORBS token is now available for the first time on the TON blockchain

Official Launch Partner of Megaton Finance

In addition to being added to the Orbit Bridge, Megaton Finance is announcing Orbs as an official launch partner of its much anticipated DEX-AMM protocol on TON.

With the project launch, the ORBS token will be listed on Megaton Finance, including liquidity pools and other functionalities!

Megaton Finance aims to become a link that connects the TON blockchain to the DeFi ecosystem by connecting it with other Layer 1 chains, such as Ethereum. Coming in January 2023, Megaton Finance is planned to be the first autonomous financial protocol within the TON network that provides yield farming opportunities such as swaps and pair deposits.

Megaton Finance plans to become more than only an AMM mechanism protocol. that provides revenue. Its goal is to be the main gateway to Web 3.0 through continued upgrades and integration with Telegram in the future.

ABOUT Orbs Network

The Orbs Network is an open, decentralized, and public blockchain infrastructure. Executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.

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ABOUT Orbit Chain

Orbit Chain is a cross-chain project that challenges the limitations of scalability due to the lack
of connectivity and limited resources of existing public chains.

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It is a project promoted by Telegram, a global messenger with 700 million monthly active users (MAU), and is being developed by the developer community as it transitions to open source in the future. Moreover, with the recent update of the wallet function in Telegram, the use of Toncoin, a native token of the ton blockchain, is also increasing.

Block and finalization time

Furthermore, TON generates a new block on each shard chain and the master chain approximately every 5 seconds. New blocks on all shard chains are generated around the same time. In addition, a new block on the master chain is generated about one second later because it must contain the hashes of the latest blocks of all shard chains.

Performance

TON is a Turing-complete and high-performance blockchain that can accommodate any transaction complexity on a master chain and all of its work chains. Turing-complete means that a programming language or abstract machine has the same computational power as a Turing machine so that programming language or abstract machine can solve computational problems.

Scalability

Additionally, TON supports work chains and dynamic sharding. The system can potentially accommodate up to 232 workchains, each of which can be subdivided into up to 260 shard chains with near-instant cross-shard and cross-chain communication, resulting in millions of transactions per second.

The TON blockchain remains one of the few truly scalable blockchain projects as of 2022. As such, it is still the most advanced blockchain project. Capable of performing millions and, if it becomes necessary in the future, tens of millions of true Turing-complete smart contract transactions per second.

Orbit Bridge Support

Furthermore, the Orbit Chain team kept a close eye on the TON blockchain ecosystem, which has clear advantages and disadvantages.

Finally, Orbit confirmed the connection to the TON blockchain and entry into the TON ecosystem based on the eight reasons below.

1. TON has a clear goal of onboarding billions of users
2. Intends to achieve the popularization of blockchain by combining it with Telegram
3. Wants to enter a cross-chain ecosystem by connecting Bitcoin and EVM blockchains
4. Orbit Chain wants to transfer the DNA of success achieved in the Klaytn ecosystem to a global project (TON)
5. The TON Blockchain can create strong synergy with the Orbit Chain that connects everything
6. Orbit Chain can solve the problems of openness, scalability, and interoperability of TON
7. Orbit Bridge’s massive cross-chain liquidity (USDT, USDC, DAI, as well as MATIC, etc.) can be the starting point for pulling TON into the multi-chain universe
8. Orbit Chain Team (Ozys) can provide total solutions (Bridge, DEX, DeFi, Explorer, Chatbot, as well as Wallet, etc.)

ABOUT Orbit Chain

Orbit Chain is a cross-chain project that challenges the limitations of scalability due to the lack
of connectivity and limited resources of existing public chains. It also is a multi-asset blockchain that stores, transfers, and verifies information and assets which exist on various public blockchains through decentralized Inter Blockchain Communication (IBC

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ABOUT TON Blockchain

TON is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly.

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First, go to https://minter.ton.org and connect your wallet. Currently, Chrome extension wallet and Tonhub are supported, but TonKeeper support is coming very soon.

Then, you select a name, symbol, and other properties of your new token. Simply initiating a transaction on the TON chain.

Minter – an open-source tool to launch jettons (similar to ERC-20 tokens on EVM networks) on the Ton network. Minter was previously known as jetton.live and was created by the Orbs team.

This will cause a new Jetton Minter contract to be created. Minter is a contract responsible for yielding Jetton Wallet contracts. Since the tool allows you to specify any amount of initial tokens to be minted, a new wallet with the specified token balance will be created and associated with your TON wallet address.

Brief History

The Jetton standard (akin to ERC-20 on Ethereum) has existed since March ’22. The jetton.live tool was launched in June ’22. As the orbs team saw that there wasn’t a standard tool to create new Jettons and stepped in to develop one for the benefit of the TON ecosystem.

With the tool being recognized by TON Community, the community helped by opening issues and PRs to improve it and fix bugs. Since then, over 300 new Jettons have been deployed. These tokens are used to support development in the TON ecosystem, facilitate the usage of DEXes on TON, such as TonSwap, and issue utility tokens for new projects on TON.

What’s changing?

Today, jetton.live is being renamed as Minter. In the process, Orbs have also contributed its dapp and contracts to the ton-blockchain org, which means it is now the TON Foundation’s official tool for deploying Jettons.

In this transition, Orbs have also worked closely with the Foundation to design the tool to align with the official TON style guide, and they are also introducing a completely overhauled UI experience.

ABOUT Orbs Network

Orbs is an open, decentralized, and public blockchain infrastructure. Executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain.

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The Orbs project is now launching a new call for grants under the OEGP. This call follows the recent announcement that Orbs is building on TON as its first non-EVM L1. For this round, the focus will be on development that will establish Orbs as a key TON ecosystem participant that is implementing new L3 use cases for protocols running on top of TON.

Ethereum Virtual Machine

When operating as L3, Orbs is naturally augmenting an existing base L1 blockchain layer and builds on top of it. Ever since Orb’s inception, this base layer L1 has always been the EVM – Ethereum’s Virtual Machine. Orbs run on top of all prominent EVM flavors, from Ethereum mainnet to Polygon, BSC, Avalanche, Fantom, and more and allow smart contract developers on these platforms to enhance the capabilities of their applications.

While Orbs strongly commits to the EVM and will continue forever building on Ethereum and EVM-compatible networks, they have never lost the dream to reach billions of end users with blockchain technology. They have been patiently waiting for an L1 that could carry this dream.

Orbs network is announcing that it is officially building on TON as the first non-EVM L1. Creating a new L1 ecosystem is a great pioneering endeavor. The TON ecosystem is emerging, and it is lacking the maturity of the EVM ecosystem, but it holds great potential. Orbs will be delighted to help bring it to maturity and fulfill its promise.

As an L3 infrastructure layer, Orbs is establishing itself as a key TON ecosystem. The participant that is implementing new L3 use cases for protocols running on top of TON. The emerging TON ecosystem has much room for Orbs innovations.

Huge potential for capturing exciting opportunities and becoming the first movers. They believe that Orbs can build some of the core infrastructures on TON and shoot to the moon as TON grows in traction.

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