Blockchain & Cryptocurrency Glossary

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The Open Network

2 min read
Pronunciation
[thuh oh-puhn net-wurk]
Analogy
The Open Network is like a futuristic city transportation system that adjusts its routes and capacity in real-time based on passenger demand. Instead of fixed subway lines that can become congested (traditional blockchains), TON creates new transportation lines instantly when needed (dynamic sharding), allows vehicles to travel in parallel (multi-threading), and implements an advanced traffic management system (asynchronous consensus) that doesn't require all vehicles to stop at the same intersections, dramatically increasing the number of passengers (transactions) the system can handle simultaneously.
Definition
A layer-1 blockchain designed for high performance and scalability using a unique multi-blockchain architecture, asynchronous consensus, and dynamic sharding. Originally developed by Telegram as the Telegram Open Network before being decentralized and relaunched by the community, TON aims to serve billions of users with near-instant transactions and smart contract functionality.
Key Points Intro
TON provides a platform designed from first principles to achieve internet-scale blockchain operations.
Key Points

Implements a multi-blockchain architecture with a masterchain and dynamically created workchains.

Uses asynchronous consensus and infinite sharding to achieve high throughput.

Features Turing-complete smart contracts with formal verification capabilities.

Designed with integrated services including DNS, payments, and decentralized storage.

Example
TON Wallet allows users to send TON Coins with transaction confirmation times of about 1-2 seconds regardless of network load, demonstrating the blockchain's high-performance capabilities. The same infrastructure supports complex applications like Megaton Finance (a DeFi platform) while maintaining these near-instant transaction finality times, showcasing TON's ability to scale for both simple transfers and complex smart contract interactions.
Technical Deep Dive
TON implements several innovative technical mechanisms: (1) A Masterchain that coordinates multiple workchains, each of which can split into 2^32 shardchains as needed for dynamic load balancing; (2) Asynchronous consensus using Proof of Stake with a Byzantine Fault Tolerant protocol that doesn't require all validators to communicate directly; (3) Hypercube routing that allows messages to travel between any two shards efficiently without passing through the masterchain; (4) The TON Virtual Machine (TVM) for smart contract execution with formal verification capabilities; and (5) Instant Hypercube Routing that enables reliable messaging between contracts on different shards. The blockchain uses a unique storage approach called bag of cells, where data is organized into small, linked cells rather than a single linear structure, enabling efficient state manipulation. TON's governance includes the TON Foundation and decentralized validator selection through staking mechanisms. The network supports novel cryptographic primitives including zk-SNARKs for privacy and advanced threshold signatures for multisignature wallets. The development ecosystem uses languages including FunC and Tact for smart contracts, with tools like TON Sandbox for testing and deployment.
Security Warning
As a relatively new blockchain ecosystem, TON's innovative technical architecture hasn't undergone the same level of security hardening through long-term operation as more established blockchains. Exercise appropriate caution when deploying high-value applications, particularly those using advanced features like cross-shard communications.
Caveat
While TON's architecture is theoretically capable of extreme scalability, the practical realization of its full potential depends on continued development and adoption. The project's complex history—including its original development by Telegram, subsequent abandonment due to regulatory concerns, and community revival—has created challenges for ecosystem continuity. Additionally, some of its most advanced features remain in development, with the ecosystem still maturing compared to longer-established blockchain platforms.

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