What is Toncoin? - The Open Network & TON Crypto Explained

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This video answers the questions: What is Toncoin? How does Toncoin work? How does Toncoin The Open Network work? - Toncoin TON Crypto & The Open Network will be explained.

Timestamps:
0:00 Introduction
0:30 What is Toncoin?
1:08 How exactly does Toncoin work?
1:57 Unique features of Toncoin.
3:27 What does Toncoin aim to achieve?
4:13 Summary
4:34 Video end

The decentralized layer 1 blockchain of which Toncoin, also known as TON, is the native cryptocurrency, was created in 2018 at the initiative of the well-known messaging platform Telegram. The initiative, which was once dubbed the "Telegram Open Network," underwent a change after Telegram withdrew its support. After then, the TON

The project was taken over by Foundation, a driven and autonomous group of enthusiasts, who changed the name to "The Open Network." This network's native cryptocurrency, Toncoin (TON), was once known as Gram. The goal of streamlining transactional procedures is at the heart of how the TON network is designed. With Toncoin serving as a

The network places a high priority on efficiency, making sure that transaction costs are reasonable and supportive of efficient network operations. The TON network has made great advancements in providing decentralized storage capabilities in addition to its transactional structure, placing equal emphasis on security and utility. In a time when phrases like

Both Toncoin and the broader TON network stand as representations of decentralization and technological innovation, painstakingly designed to meet the changing needs of the digital financial sector, in contrast to how "exchange commission" frequently influence market dynamics.

Not only in this video various crypto topics will be explained. Remember to leave a like, and subscribe to the channel for more materials like this.