TON Blockchain Aims for World Record as Fastest Blockchain

The Open Network (TON) Foundation has announced an ambitious goal to set the world record for the fastest blockchain. The performance test, scheduled for October 31, 2023, will showcase the reliability and scalability of the TON blockchain, involving 256 validator nodes in a separate network. This move is part of TON’s efforts to solidify its position as a leader in blockchain technology, especially following the exponential growth it has experienced over the last year. The network has grown from 170,000 addresses to 3.5 million, with more validator nodes added to ensure decentralization and security.

The integration with Telegram, announced in September, also positions TON as a critical player in bringing decentralized technology to mainstream users

Pantera Capital’s Investment in TON

In another major development, Pantera Capital recently invested in TON, further highlighting the network's potential. Pantera Capital cited TON’s close integration with Telegram, which has 900 million monthly users, as a major reason for the investment. This integration provides TON with unique opportunities to scale and introduce blockchain technology to a massive audience. Pantera also praised the TON blockchain’s architecture for its performance and ease of use, which could make it a dominant player in Web3.

Binance Listing Boosts TON Token

TON received a significant boost when Binance listed the TON token, leading to an 8% surge in its price. This listing on one of the largest crypto exchanges further enhances the token’s visibility and accessibility for investors

These developments underscore TON’s growing influence in the blockchain space, with its cutting-edge technology and strategic partnerships positioning it as a frontrunner for future innovations in Web3.