The Open Network Foundation (TON Foundation) has announced its attempt to become the world’s fastest blockchain, as accredited by Guinness World Records. The foundation will conduct a public network performance test on October 31, 2023, to showcase the reliability, scalability, and speed of the TON blockchain. Collaborating with Alibaba Cloud and others, TON Foundation will set up 256 servers for validator nodes and establish a separate TON blockchain network for the test. The TON blockchain has experienced significant growth, with a 20-fold increase in addresses from 170,000 to 3.5 million since 2022. The user base has expanded alongside the decentralization of TON validator nodes, now spread across 25 nations. Despite this rapid expansion, the TON blockchain has maintained a reliable track record with no major network disruptions. The recent collaboration between TON Foundation and Telegram further emphasizes the foundation’s commitment to bringing decentralized technology to the mainstream. The upcoming performance test is a crucial step in demonstrating the unique capabilities of the TON blockchain, solidifying its position as the trusted infrastructure layer for the Web 3.0 ecosystem in Telegram. Anatoly Makosov, core development lead at TON Foundation, expressed excitement about the test and its potential to showcase the TON blockchain’s scalability. The event will be broadcasted live for audiences worldwide, with a reminder that viewers should not make investment decisions based on the outcome. The TON Foundation is a non-profit organization founded in Switzerland in 2023, fully funded by the community and supporting initiatives aligned with The Open Network’s mission. The Open Network (TON) aims to create a Web 3.0 ecosystem in Telegram Messenger, providing billions of people with the opportunity to own their digital identity, data, and assets.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇨🇠|
| Sentiment | neutral |
| Relevance Score | 0 |
| People | Anatoly Makosov |
| Companies | Alibaba Cloud, TON Foundation, Telegram, Open Network Foundation |
| Currencies | None |
| Securities | None |
