TON’s rise began to gain momentum in September, coinciding with the launch of the TON wallet within the Telegram messenger platform.
open network (TON) has taken the blockchain world by storm became The world’s fastest blockchain. In a notable achievement in speed during the recent public test, the TON development team reported that in a 12-minute experiment, an astonishing 42 million transactions were made, setting a new record of 104,715 transactions per second (TPS).
TON sets a new speed record
Blockchain technology has long struggled with scalability issues, but TON has broken through the limitations that plagued previous networks. In just 11 minutes, the TON testnet, consisting of 256 validators, managed to process an astonishing 43,012,970 transactions. The peak transaction speed of 108,409 TPS recorded is an achievement that surpasses all existing blockchain networks.
For comparison, established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) has long struggled with transaction speed limitations, with Bitcoin managing a mere 5-7 TPS and Ethereum managing slightly better at 15 TPS. Even previous speed champion Solana (SOL) pales in comparison to its reported 65,000 TPS.
Now, TON has broken these records by completing 104,715 transactions per second. This achievement is not just a technical achievement, but also represents a significant milestone in the blockchain and crypto industry. Fast transaction speeds mean that TON has the potential to outperform its competitors in various aspects, including scalability and usability.
The extraordinary speed of the TON blockchain has not gone unnoticed in the crypto market. As of the time of writing, the native cryptocurrency, Toncoin (TON), is Business At $2.18, which represents a gain of 3.14%. This performance is a testament to the market’s confidence in TON’s ability to transform the digital transaction landscape.
The remarkable journey of the TON blockchain
TON’s rise began to gain momentum in September, coinciding with the launch of the TON wallet within the Telegram messenger platform. This move not only streamlined access to TON but also significantly contributed to the growth of TONcoin’s value.
At one point, TON came surprisingly close to the $3 mark, making it among the top ten digital assets in terms of high market capitalization. In this regard, it even managed to overtake Solana, which held the position of the previous speed record holder.
A key feature that adds to TON’s appeal is its accessibility. All Telegram wallet users have the opportunity to access TON space. Telegram Wallet is a bot that enables users to buy and sell various cryptocurrencies including Bitcoin. In November, this functionality will expand to Telegram users around the world, except the United States and some other countries. This expansion will further democratize access to crypto trading and storage, making it more inclusive.
TON’s success is not limited to its technical achievements. foundation Collaboration This also marks another important milestone for TON along with Mental Network. Mental Network, renowned for its expertise in EVM Layer 2 solutions, now stands as a key partner in driving the development of EVM-compatible Layer 2 capabilities on the TON blockchain.
Benjamin Godfrey is a blockchain enthusiast and journalist who loves writing about real-life applications of blockchain technology and innovations to promote general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain media and sites.
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