On October 11, the Open Network Foundation (TON Foundation) introduced its participation in a Guinness World Records-approved competitors to declare the title of “world’s fastest blockchain.” The public community efficiency check is slated to happen on October 31, 2023, at 15:00 UTC. During this occasion, the blockchain community might be rigorously examined for its reliability, scalability, and pace.
In a outstanding testomony to its development, the TON blockchain has skilled exponential growth since 2022. The person base has surged by a staggering 20-fold, catapulting from 170,000 to a powerful 3.5 million addresses. This surge has been complemented by a rise in TON validator nodes, which now stand at 350. This growth has contributed to a extra decentralized community that spans over 25 nations.
Despite this speedy development, the TON blockchain has demonstrated a commendable monitor report of reliability. To date, there have been no documented main community disruptions, underscoring the robustness and scalability of the TON blockchain. As the community continues to evolve and compete for the title of the quickest blockchain, it represents a compelling drive in the blockchain house. The world blockchain neighborhood will eagerly await the outcomes of this competitors.
TON Foundation Partners with Alibaba Cloud for High-Stakes TON Blockchain Performance Test
The TON Foundation is teaming up with Alibaba Cloud and others to launch a devoted TON blockchain community for efficiency testing. The check will contain 256 validator node servers. A stay broadcast of the check occasion might be streamed on stay.ton.org for these taken with witnessing it.
However, the TON Foundation advises that the occasion be seen for academic functions solely and that viewers shouldn’t make any monetary selections based mostly on the end result.
Anatoly Makosov, Core Development Lead at TON Foundation, mentioned:
“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. This is the first large-scale public performance testing of TON; we’re just as excited as you are to see the results.”
Both the TON Foundation and Alibaba Cloud seen the upcoming efficiency check as essential in showcasing the distinctive capabilities of the TON blockchain, which serves as a trusted infrastructure layer for the Web3 ecosystem inside Telegram.
TON Foundation Partners with Telegram and MEXC to Bring Decentralization to the Masses
Just final month, the TON Foundation took a major step by integrating Telegram to introduce a self-custodial crypto pockets identified as “TON Space,” catering to its huge person base of over 800 million month-to-month lively customers. This pockets could be accessed by Telegram settings.
As a part of this launch, Telegram is extending precedence entry to TON initiatives and companions on its world promoting platform, Telegram Ads, as confirmed by the TON Foundation.
Earlier this month, MEXC Ventures, a subsidiary of the world cryptocurrency alternate MEXC, made a considerable funding in The Open Network, marking it as MEXC’s most important Layer-1 funding endeavor. This funding additionally entails a strategic partnership with the TON Foundation.
Within this collaboration, the MEXC crypto alternate will present advertising providers and promotional help for TON-based initiatives listed on its platform. Additionally, the firm plans to introduce a TON collateral lending service and waive buying and selling charges associated to the TON token.
Justin Hyun, the Director of Growth at the TON Foundation, expressed his enthusiasm about the partnership with MEXC, underscoring their mutual dedication to facilitating world entry to the decentralized Web3 ecosystem inside Telegram.
These partnerships are a part of the TON Foundation’s dedication to bringing decentralized know-how to the mainstream.
