TON (The Open Network) is a decentralized network originally conceived by Telegram founders Nikolai Durov and Pavel Durov, aiming to build an open Internet environment. Due to legal disputes with the US Securities and Exchange Commission (SEC), the development of TON has turned to community-driven and was fully taken over by the subsequent TON Foundation. Although no longer led by the founders of Telegram themselves, TON still has close ties with Telegram. In the past few years, TON has integrated various on-chain services directly into the Telegram ecosystem in the form of Telegram Mini App.
Officials claim that TON has many advantages, such as: strong scalability, committed to supporting billions of users and millions of transactions to meet the growing Internet needs in the future; high security, with multiple security measures to protect user funds and data security; good usability, providing a friendly user interface and developer tools to lower the threshold for use. These visions make it promising to become the infrastructure of the next generation of the Internet. In terms of ecological construction, the TON ecosystem has also begun to emerge with many decentralized applications and services such as the GameFi project Catizen and the DeFi project Tonstakers.
Therefore, this report will comprehensively explore how TON, as a "cold public chain", can survive and develop in the fierce competition among public chains from aspects such as TON's basic background, technical architecture, ecological applications, and market competition. In addition, the author will also compare it with the current mainstream public chains, deeply dismantle TON's advantages and disadvantages, and further analyze the challenges and opportunities of TON's development.
Author: ssr.eth , Researcher at Web3Caff Research
Cover: TON
Word count: 12000+ words in total
Table of contents
- Background and Introduction
- TON Architecture and Technology
- Multi-chain blockchain for homogeneous and heterogeneous hybrid systems
- TON Virtual Machine (TVM)
- Unlimited Dynamic Sharding Paradigm
- BFT PoS consensus mechanism
- Tightly coupled inter-chain interactions
- TON Component Analysis
- Peer-to-peer network (TON P2P Network)
- Distributed file storage technology (TON Storage)
- Network Proxy/Anonymity Layer (TON Proxy)
- TON Domain Name Service (TON DNS)
- TON Payments
- Comparison of TON and other blockchain projects
- Ecosystem Construction
- The underlying design of TON ecosystem development
- Summary of TON Ecosystem Applications
- GameFi
- DeFi
- Open League Community Awards
- On-chain data analysis
- TVL
- Active wallets
- Tax Amount
- Strengths, weaknesses and future challenges
- Summary and Outlook
- references
