TON Network Poised to Set a New World Record for Fastest Blockchain

TON Foundation aims to set a world record for the fastest blockchain on October 31.
TON’s rapid growth and reliability position it as a blockchain contender.
Collaboration with Telegram underscores TON’s commitment to decentralizing tech.

The Open Network Foundation (TON Foundation) is gearing up to challenge the likes of Bitcoin, Ripple (XRP), and Hedera by attempting to break the world record for the fastest blockchain. On October 31, 2023, at 15:00 UTC, TON Foundation will conduct a public network performance test to demonstrate the speed, scalability, and reliability of the TON blockchain.

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This groundbreaking event will involve setting up 256 validator nodes, separate from the current TON blockchain, for the performance test. The TON blockchain has experienced exponential growth since 2022, with a 20-fold increase in addresses, reaching an impressive 3.5 million.

The expansion of TON’s user base coincides with the growth of TON validator nodes. This now stands at 350, spread across 25 different nations. Specifically, TON’s blockchain has maintained a strong track record with no major network disruptions.

The recent collaboration between TON Foundation and Telegram further emphasizes TON’s commitment to mainstreaming decentralized technology. Anatoly Makosov, core development lead at TON Foundation, expresses excitement about the upcoming performance test.

“We look forward to October 31, 2023, to confirm that the TON blockchain stands out among any other blockchain, especially in its scalability.”

The event will be available for global audiences to witness in real-time, with a reminder that the content should be viewed for informational purposes only, and no investment decisions should be based solely on the outcome.

The Open Network Foundation, established in 2023 in Switzerland, is a non-profit organization fully funded by the community. It supports initiatives aligned with The Open Network’s mission of putting crypto into every pocket through the development of a Web 3.0 ecosystem within Telegram Messenger.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.