TON Aims for World Record in Blockchain Speed

The Open Network Foundation (TON Foundation) is gearing up to set a new world record. Their goal? To be officially recognized as the world’s fastest blockchain. This ambitious endeavor is set to take place on Oct. 31 at 15:00 UTC, where the public network performance test will showcase the TON blockchain’s speed, scalability, and reliability.

About TON Foundation

Established in Switzerland in 2023, The Open Network Foundation (TON Foundation) is a community-funded non-profit organization. It champions the interests of its community and supports endeavors in line with The Open Network’s objectives.

In preparation for this monumental test, TON Foundation is joining forces with Alibaba Cloud and other partners. Together, they will establish 256 servers dedicated to validator nodes and initiate a distinct TON blockchain network specifically for performance evaluations.

The TON blockchain’s journey since 2022 has been nothing short of remarkable. The network has witnessed its addresses multiply by 20 times, soaring from an initial 170,000 to an impressive 3.5 million. This surge in user base has been accompanied by an expansion in TON validator nodes, now numbering 350 and distributed across 25 countries, further decentralizing the network.

Despite its rapid growth, the TON blockchain has maintained an impeccable operational record, free from significant network disruptions.

The partnership between TON Foundation and Telegram, unveiled on Sept. 13, is a testament to TON Foundation’s dedication to popularizing decentralized technology. The imminent performance test is a crucial milestone, highlighting the TON blockchain’s potential as a reliable foundation for Telegram’s Web3 ecosystem.

Anatoly Makosov, Core Development Lead at TON Foundation, expressed his anticipation for the upcoming test, stating, “We eagerly await Oct. 31 to validate TON blockchain’s technical superiority among its peers, particularly its scalability prowess. This marks TON’s inaugural large-scale public performance test, and we’re equally eager to unveil the results.”

The global audience is invited to tune in and witness this groundbreaking event live on the website. However, it’s essential to note that this event is purely informational, and investment decisions should not be based on its outcome.

TON’s vision is to make crypto accessible to all. By integrating a Web3 ecosystem within Telegram Messenger, TON offers billions the chance to have control over their digital identity, data, and assets. For more details, click here.

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