A recent test showed that TON’s Blockchain is the quickest in the world in transaction processing capacity per second.
TON is the Fastest Blockchain. The future of mass adoption of cryptocurrencies by people depends on the transaction processing capacity. On this point, TON’s Blockchain achieved a remarkable milestone by becoming the quickest in the crypto universe. Last week, The Open Network Foundation (TON) became the most scalable network after a test monitored and confirmed by CertiKCommunity. The network set a resounding record of 104,705 transactions per second. The latter translated into an impressive 107,652,545 transactions within 25 minutes.
The results show that the network outperforms all early Blockchain layers. It would also leave behind the robust systems of firms such as Visa, Mastercard, and PayPal. So far, some of the most scalable blockchains process approximately 60,000 transactions per second, as is the case of Solana. On the other hand, the second layers, i.e., ancillary solutions such as Lightning Network, have a similar capacity. Meanwhile, the card above and electronic payment companies are identical to Solana.
TON’s Blockchain becomes the best prospect for massification
An essential aspect of this achievement of the TON Blockchain is the compact form of the network. Accordingly, it uses horizontal fragmentation to improve speed without compromising security and decentralization. Generally, some blockchains must sacrifice one for the benefit of the other. This achievement makes TON one of the networks with the most significant potential to expand the Web3 world among millions of users. Its alliance with the Telegram messaging network gives it access to more than 700 million users.
In an ideal scenario, the network would have a superapplication reach and bring decentralized applications into the pockets of millions of people. Broad adoption is a critical step considering the current times when citizens’ privacy is seriously compromised.
Considering this enormous capability of the TON blockchain, it would open a door for users to have a secure and decentralized financial life. Thus, people could create a private digital identity to own assets and data in a decentralized way. The plus is that they could interact in real-time with thousands of people no matter where they are in the world. The TON Foundation is an organization founded in Switzerland in 2023. It was established 100% by the community and operated in the interests of the community.
What is TON?
The TON Blockchain is a decentralized, scalable, and secure blockchain network that aims to revolutionize the world of cryptocurrencies and blockchain technology. Its design addresses some of the significant challenges faced by previous blockchain networks, such as slow transaction processing times, high transaction fees, and limited scalability. The TON Foundation developed The TON Blockchain, a community-driven organization based in Switzerland. The Foundation focuses on creating a blockchain network that can handle many transactions per second while maintaining decentralization and security.
One of the critical features of the TON Blockchain is its horizontal fragmentation technology. It allows to divide the network into smaller, interconnected sub-networks, each capable of processing transactions independently. This approach improves the network’s scalability, making it capable of processing hundreds of thousands of transactions per second. Another notable feature of the TON Blockchain is its compactness. Unlike other blockchain networks that require massive amounts of computing power, the TON Blockchain is lightweight and efficient, making it easier to operate on a wide range of devices, from smartphones to servers.
The TON Blockchain also has a robust security system in place. It uses a combination of encryption and consensus protocols to ensure that transactions are secure and not prone to hacking or other security breaches. Moreover, the network is decentralized, meaning that there is no central authority controlling it, making it almost impossible for any single entity to manipulate the network. Overall, the TON Blockchain is an up-and-coming blockchain network that has the potential to revolutionize the world of decentralized finance. With its high transaction processing capacity, compactness, and security features, it could become one of the most popular blockchain networks for the mass adoption of cryptocurrencies and decentralized applications.