TON is a blockchain ecosystem that aims to provide high scalability, speed, and a user-friendly experience. The main goal of the project is to create a platform for decentralized applications (dApps), services, and smart contracts that can serve billions of users . TON aims to solve the scalability problems faced by traditional blockchains by using a unique architecture and set of protocols.
Toncoin (TON), the native cryptocurrency of the TON ecosystem , is used for transactions on the network, can be staked, and participates in network governance. TON coin provides energy efficiency and fast transaction confirmation using the proof-of-stake (PoS) consensus mechanism.
TON's Technical Architecture
TON’s technical architecture is unique, consisting of phone number library multiple interconnected blockchains, the main chain, the “masterchain”, and multiple “workchains” and “shardchains”.
Masterchain
Masterchain is the backbone of the TON ecosystem. It contains the global parameters for the entire system, the list of active workchains, and the latest status of each workchain. It also maintains the list of all validators in the system and their stakes.
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