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  1. Home
  2. /Glossary
  3. /TON
Back to Glossary
blockchain

TON

The Open Network, a Layer 1 blockchain originally designed by Telegram.

Definition

The Open Network, a Layer 1 blockchain originally designed by Telegram. After Telegram stepped back due to SEC pressure, the community took over development. TON benefits from deep integration with Telegram's 900+ million users and supports high-speed transactions and built-in payment channels.

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Learn More About TON

BlogRWA Tokenization Just Crossed $10 Billion and BlackRock Is LeadingBlogTON and Telegram Have a Crypto Distribution Advantage Nobody Else Has

Related Terms

Layer 1

The base blockchain that processes and finalizes transactions.

Peer-to-Peer (P2P)

Trading or transacting directly with another person without an intermediary.

Scalability

A blockchain's ability to handle increasing transaction volume without degrading performance or raising fees.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

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