Toncoin (TON) is the native cryptocurrency of The Open Network (TON) blockchain network. Offering a highly scalable structure, TON can handle thousands of transactions per second at low costs. It enables the development of decentralized applications with the support of smart contracts and provides flexibility and security thanks to its multi-layered architecture. The network uses a Proof-of-Stake consensus mechanism, offering rewards to participants who keep the network secure. These features make Toncoin a fast, secure and scalable blockchain solution.
TON, which has risen 2.67% in the last 24 hours and at the time of writing, is among the day's risers. Toncoin suffered a serious drop after the arrest of Telegram CEO Pavel Durov. However, after Durov's release and Telegram's changes to its privacy rules, the price of TON may have increased.
