The Open Network Foundation (TON Foundation) has announced its attempt to become the world’s fastest blockchain, as recognized by Guinness World Records. The foundation plans to conduct a public network performance test on October 31, 2023, to showcase the reliability, scalability, and speed of The Open Network (TON) blockchain. To facilitate the test, TON Foundation will collaborate with Alibaba Cloud and set up 256 servers for validator nodes, creating a separate TON blockchain network. The TON blockchain has experienced significant growth since 2022, with a 20-fold increase in addresses, reaching 3.5 million from 170,000. This growth has been accompanied by the expansion of TON validator nodes to 350, resulting in a more decentralized network spanning 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, announced on September 13, highlights 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, which serves as the trusted infrastructure layer for the Web3 ecosystem in Telegram.Anatoly Makosov, Core Development Lead at TON Foundation, expressed excitement about the performance test, stating that it will confirm the TON blockchain’s technical superiority, particularly in terms of scalability. The event will be broadcasted live on live.ton.org, allowing audiences worldwide to witness the results. However, viewers are advised to treat the event as informational and refrain from making investment decisions based on the outcome.The TON Foundation, established in Switzerland in 2023, is a non-profit organization funded entirely by the community. It operates in the community’s best interests and supports initiatives aligned with The Open Network’s mission.The Open Network (TON) aims to make cryptocurrency accessible to everyone by building a Web3 ecosystem within Telegram Messenger. This initiative provides billions of people with the opportunity to own their digital identity, data, and assets.For further information, please contact TON Foundation at TON@theagencypartnership.com.
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 | The text references the following organizations and institutions:1. The Open Network Foundation (TON Foundation)2. Alibaba Cloud3. Telegram4. Guinness World Records |
| Currencies | None |
| Securities | None |
