Zug, Switzerland, October 11, 2023, Chainware
Today, the Open Web Foundation (Toon Foundation) announces its next attempt to officially obtain the title of the fastest blockchain chain in the world, approved by the Guinness Book of World Records. The public network performance test, scheduled to take place on October 31, 2023, at 15:00 UTC, will demonstrate the reliability, scalability and speed of the Open Network (TON) blockchain.
The TON Foundation will collaborate with Alibaba Cloud, among others, to set up 256 servers for validation nodes and start a separate TON blockchain network for performance tests.
Since 2022, the TON blockchain has seen tremendous growth. The network has seen a staggering 20-fold increase in addresses, rising from 170,000 to 3.5 million addresses. The growth of TON’s user base has come alongside the expansion of TON’s validation nodes to 350, creating a more decentralized network, now spread across 25 separate countries.
Throughout this rapid expansion, TON’s blockchain technology has maintained a remarkably reliable track record, with no documented major network disruptions.
The collaboration between the TON Foundation and Telegram, announced on September 13, underscores the TON Foundation’s commitment to bringing decentralized technology into the mainstream. The upcoming performance test is a pivotal step in demonstrating the unique capabilities of the TON blockchain, which has now been cemented as a trusted infrastructure layer for Telegram’s Web3 ecosystem.
“We are looking forward to October 31, 2023 to confirm that the TON blockchain technically stands out among any other blockchain, especially in its ability to scale,” says Anatoly Makosov, core development lead at the TON Foundation. “This is TON’s first large-scale public performance test – we’re as excited as you are to see the results.”
Audiences around the world are invited to watch the event in real time by visiting Live.ton.org. Viewers are encouraged to watch the event for informational purposes only and should not make any investment decisions based on the outcome.
About Tone Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. The TON Foundation is 100% community funded, works for the benefit of the community, and supports initiatives aligned with the Open Network mission. Learn more through https://ton.foundation.
About Open Network (TON)
The open network (TON) puts cryptocurrencies in every pocket. By building the Web3 ecosystem into Telegram Messenger, TON gives billions the opportunity to own their digital identity, data and assets. See more at https://ton.org/.