TON Blockchain aims to bring true financial freedom to the world in 2022
the TON blockchain created by Telegram co-founder and CEO Pavel Durov promises great things will happen this year, setting a goal that no other blockchain has yet been able to achieve – it aims for nothing less than mass adoption.
TON was created by Durov and his brother Nikolai in 2017. It is one of the most ambitious blockchain projects of all and even more so considering its tumultuous past. Designed to be vastly superior to Bitcoin and Ethereum in terms of speed and scalability, TON is off to a strong start, raising nearly $1.7 billion from investors through an initial coin offering.
However, things quickly unraveled for Telegram when the United States Securities and Exchange Commission intervened to stop the sale in October 2019, saying TON’s GRAM tokens were unregistered securities. This decision ultimately led Telegram to abandon the TON project, handing over the work it had done to the open source community, which has since rebranded GRAM as Toncoin.
Telegram washing its hands of the TON project, we heard very little about it in the months that followed. It had indeed become one of the many forgotten blockchains that promised so much to fade into obscurity.
But that all changed last month, when Durov suddenly announcement on Telegram, the TON project is not only still “alive”, but also “evolving” rapidly. TON soon followed, announcing a partnership with Donate, allowing users to send donations and pay for subscriptions in Toncoin.
Then came this week promise of your :
“After four years of blood, sweat, tears and active development by some of the world’s brightest engineers, we are finally on the cusp of something big,” announced the TON community. “Something that has eluded all others, even as they reach heights, successes and trillion dollar valuations. Massive adoption.
It’s a bold promise, but it’s a promise that TON has the means to keep, as 2022 seems to be a pivotal year for the project which aims to unite all other blockchains into a single decentralized network with speeds of extremely fast transactions and reduced costs.
YOUR is building nothing less than the foundation of web3, with components such as decentralized storage, an anonymous network, DNS, instant payments, and support for various decentralized services. Much of this groundwork has already been done, with TON launching The Open Network, a stable and hugely scalable multi-blockchain that can handle millions of transactions per second early last year. TON has also completed work on its all-important TON-ETH bridge, allowing Toncoins to be easily transferred between it and the Ethereum blockchain. As evidenced by the partnership with Donate, TON payments were also finally enabled in the fourth quarter of last year, achieving another key milestone.
The 2022 roadmap doesn’t stop, and by the end of the year, TON will have everything it needs to support web3. The first quarter will be particularly frenetic, with TON set to launch its DNS service which assigns human-readable names to accounts, smart contracts, services and network nodes on its blockchain, making it as easy to browse than the World Wide Web. Other milestones include the launch of TON Proxy, TON DeFi, and the TON Developers program.
Once these developments are complete, TON’s final tasks will be to complete its Ton Storage distributed file storage system and launch its much-vaunted TON blockchains that promise to link all existing blockchains into one giant decentralized network and unified.
Getting everything in place is one thing, reaching your goal of mass adoption will be another. But TON has all the necessary ingredients in place to make it happen, with true decentralization, fast yet inexpensive transactions, and an intuitive user interface, the perfect recipe for anyone to buy, sell, and transfer assets quickly and easily. Thanks to DeFi apps on top and financial freedom is finally becoming a reality.
From now on, it is no longer a question of whether TON can deliver on its promises or not. The question now is whether or not the world is truly ready for a fair and bias-free financial system, free from censorship and accessible to all?
Time will tell, but if the answer is yes, 2022 will be one hell of a year for TON.