Crypto Coins Tutorial | TON Coin | Ton Coin Mining
15Crypto Coins Tutorial | TON Coin | Ton Coin Mining
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Welcome to Our Crypto Coins Tutorial Video!
How does TON Blockchain work?
Now that we know the most important facts about the project’s history, let’s take a look at what Toncoin actually offers and what its developer community is working on.
The TON Blockchain is a Proof-of-Stake blockchain platform that implements several scaling technologies to be able to support mass adoption. The native asset of the TON Blockchain is called Toncoin.
To meet its scalability goals, the TON Blockchain actually functions as a collection of blockchains. There is a masterchain that contains the most vital information required for the network to function – this includes key protocol parameters, the active set of validators, the active set of workchains, as well as the hashes of the blocks recently produced by workchains and shardchains.
The TON Blockchain ecosystem
The TON Foundation is working on a suite of services that will simultaneously leverage the TON Blockchain and add to its functionality.
TON Payments
TON Payments is a payments platform inspired by the Lightning Network. The main idea behind TON Payments is to provide transactions that are efficient enough to make micropayments viable. To reduce costs and the load on the TON Blockchain, payments are made off-chain but the final balances of the participants are ultimately enforced on the blockchain.
TON DNS
Everyone who’s ever used a blockchain is familiar with the long strings of seemingly random characters that make up cryptocurrency wallet addresses. Remembering these addresses is practically impossible, and the system doesn’t exactly seem very human-friendly.
TON Storage
TON Storage is a distributed file storage service where files are stored off-chain while keeping a hash of the file on the blockchain. Smart contracts are used to enforce the availability of the file in the storage network. The architecture of TON Storage is inspired by torrents, and is designed to provide a secure and permanent place for storing files.
TON Proxy
TON Proxy is meant to provide online privacy to users of the TON Blockchain. It enables decentralized VPNs and TOR-like networks to enhance the privacy of users on the TON Blockchain. In combination with TON DNS and the TON Blockchain, TON Proxy can be used to deploy censorship-resistant decentralized applications.
TON Services
TON Services allows developers to launch applications and smart contracts that use the TON Blockchain. These services are complete with user-friendly interfaces for interacting with DApps and smart contracts, with the intent of giving TON Blockchain users a similar experience to browsing the web.
Toncoin
As the native asset of the TON Blockchain, Toncoin plays a key role in incentivizing validators to maintain the network and not act against its best interests. Toncoin is also used as a measure of voting power when it comes to proposed changes to the TON Blockchain protocol.
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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⏰ TimeStamps ⏰
0:00 intro
0:25 Ton.org
18:16 Summary