Ashar Rafiqe

1. Core Project Positioning and Technical Architecture

TON (The Open Network) is a Layer 1 blockchain primarily developed by Telegram, with a core positioning as a "decentralized internet infrastructure linking over a billion social users." Leveraging Telegram's base of over 1 billion monthly active users, it achieves seamless integration of social ecology and blockchain applications through low-threshold interactions and high-performance architecture, covering diverse scenarios such as payments, DeFi, NFT, and RWA tokenization.

1.1 Core Technical Features

- Performance and Consensus: Using the PoS consensus mechanism, the peak TPS reached 104,715 transactions per second in a public test verified by Certik in 2023, processing over 107 million transactions, making it one of the leading public chains in terms of performance; the number of validators is stable at 400 (distributed across 26 countries), requiring a stake of at least 30,000 TON to ensure network security while exhibiting slight centralization characteristics.