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The Open Network

The next gen network to unite all blockchains and the existing Internet

  • The Open Network

    Introducing Wallet Pay: A Revolutionary Technology for Shopping With Cryptocurrency. The @wallet team is launching Wallet Pay, a groundbreaking payment system that allows users to purchase goods and services on Telegram using cryptocurrencies. This unique tool seamlessly integrates with any Telegram bot or service, enabling users to easily make payments in Toncoin, USDT, or Bitcoin directly via the Telegram messenger interface. Wallet Pay is both simple and easy to use. It eliminates the need for novice crypto users to navigate complex and unintuitive crypto payment services, streamlining the entire process to just a few clicks within the merchant bot or Telegram Web App. Moreover, @wallet users can conveniently and instantly top up their cryptocurrency accounts with a debit or credit card during the payment process, greatly simplifying the use of digital assets. Wallet Pay is an extraordinary tool for Telegram, empowering its over 700 million users to embrace blockchain technology and integrate crypto into their daily lives, ultimately bringing us closer to the mass adoption of digital currency. You can try Wallet Pay via the test bot or apply as a merchant using the website.
  • The Open Network

  • The Open Network

    Liquid staking Liquid staking is the newest solution that allows you to earn staking rewards and use your assets in DeFi at the same time. Liquid staking is more convenient and accessible for users compared to previous staking options, it also allows you to vote for network updates without having a lot of Toncoins. Smart contracts for liquid staking developed, and you can participate in testing them by the test application. After the testing phase, the source code of the smart contracts will be published under an free open-source license. You can find more details in the documentation. The Tonstakers team has already announced the creation of a custom service based on these contracts. Alternative available - in partnership with DWF Labs, Bemo successfully launched its own liquid staking protocol.
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  • The Open Network

    TON – Results from Q2 2023

    Over the past three months, the total number of accounts and transactions on The Open Network (TON) increased to 2.88 million and 173 million, respectively. TON has become the 14th largest cryptocurrency by total market capitalization, according to CoinMarketCap. Similar to the previous quarter, TON's technology, ecosystem, and the network's economy improved. Tokenomics 1. Tokenomics Deflation Mechanism The TON 2023.06 update introduced the new burn functionality. It was implemented by the community and validators…

    Telegraph
  • The Open Network

  • The Open Network

    Developer Tools You should definitely try the latest TON developer tools if you haven't already. We recommend to use the ton.js library, the Blueprint environment, and the IntelliJ IDEA plugin for the development, testing, and deployment of FunC smart contracts. For dApps there is TON Connect and a number of APIs: tonapi.io, toncenter.com, TON Access, dTON GraphQL. These tools make TON developing convenient and enjoyable. For payment services, the time-tested tonweb (which we plan to refresh and make a "library for paranoids" as much as possible getting rid of third-party dependencies), locally runned ton-http-api and ready-made code examples are well suited. To run your own TON node, please use mytonctrl or GetBlock.
  • The Open Network

    Intermediate results of Rainbow Cross-Chain development for The Open Network Roman Nguyen shared at the BUIDL Vietnam 2023 our significant results in the development of a unique cross-chain solution that works absolutely without intermediaries and private keys, and checks all data on smart contracts. telegra.ph/Interme…rk-06-25
    Intermediate results of Rainbow Cross-Chain development for The Open Network 

    The Open Network currently provides multiple excellent cross-chain solutions: a bridge for Toncoin between the TON network and Ethereum or BNB Smart Chain, as well as a token bridge that enables the transfer of Ethereum tokens (such as USDT or USDC) to the TON network and vice versa.   Smart contracts and decentralized oracles manage the transfers between the networks. This commonly accepted solution ensures stability and security. However, we strive to take it to the next level so you can conduct all operations…

    Telegraph
  • The Open Network

    Token bridge fee Starting June 26, 12:00 UTC, in the token bridge, the commission for transferring tokens from the TON network to the Ethereum network will be 1 TON plus 0.1% of the transfer amount. The commission for transferring tokens from the Ethereum network to the TON network will remain unchanged - exactly 1 TON.
  • The Open Network

    Validators voted to activate 50% network fees burning By this time, the first 1000 TON have been burned 🔥
  • The Open Network

  • The Open Network

    💎 Special bug bounty event Following previous efforts to improve TON tokenomics, which include tokenomics optimization and deflation mechanisms, TON Foundation explores further options of direct stimulation of TON supply stabilization and predictability. For this purpose we have developed smart contract Locker which incentivize long-term assets locking with subsequent smooth unlocking. TF announces special bug-bounty event to discover vulnerabilities in Locker contract. Prize fund: Up to 50'000 TON Deadline: 23:59 on June 30th (UTC) Who can participate: Everyone How to submit: Open issue on github
  • The Open Network

    🛡️ Discussion on updating the TON address format TON is a blockchain designed for mass adoption. As part of this endeavor, we propose to add several guidelines and make small changes to the address format. The goal is to ensure that even inexperienced users who mistakenly send funds to the wrong place do not lose their funds and have them returned in most cases. We encourage all developers to join in the discussion regarding the TON address format. This proposal focuses on changes that almost completely maintain backward compatibility. However, we are open to discussing other proposals, including more radical ones. TEP discussion »
  • The Open Network

    Big TVM update The most significant TON Virtual Machine update so far – extended cryptography, arbitrary-precision arithmetic, and new instructions – this update will make TVM one of the most versatile virtual machines around and allow developers to create an even more diverse range of smart contracts, services, and products on TON. We invite everyone to take part in the programming contest with 30,000 TON prize pool and showcase their best use of the new TVM features or take part in the bug bounty program receiving a reward for found bugs and vulnerabilities of the new TVM in the testnet. Read more »
  • The Open Network

    Tokenomics deflation mechanism The latest TON updates (2023.04, 2023.05) were devoted to optimization, security, and stability. Today's TON update (2023.06) introduces a new Toncoin deflation mechanism: 🔥 Burning part of the network commission. 🕳 Black hole – if you send Toncoin here, it will completely disappear and be deducted from the total supply. Network-wide voting for the activation of this functionality is scheduled for June 15th. Read more »
  • The Open Network

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  • The Open Network

  • The Open Network

    Results of the TON Awards 2022 301,920 TON ($676,300) was distributed between 42 great open-source projects. The Open Network is a community-driven project where everyone is involved in contributing to a more decentralized and freer world. The TON Foundation team is proud to be working with such talented developers from all over the world and would like to invite new teams to join our collective venture.
  • The Open Network

    Q1 2023 Results TON Ecosystem has demonstrated impressive growth, with a 25% increase in the total number of accounts and transactions, a thriving DeFi sector, a cohesive ecosystem that continues to improve synergy between components, and a developer community that is rapidly expanding. telegra.ph/TON--Re…23-04-18
    TON – Results from Q1 2023

    At the start of the year, TON joined Cointelegraph’s Top-30 most influential crypto industry players. However, our ambitions go much further than this and TON continues to develop rapidly according to our roadmap. Stability and scalability Over the last three months, the total number of TON accounts and transactions has increased by more than 25% to 2.5 million and 124 million, respectively.  As before, the network has accommodated this growth without a single failure.  We are constantly working to improve…

    Telegraph