Cryptocurrency

United

Bitcoin

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 <p class="paragraph">On October 31, 2023, The Open Network Foundation (TON) set a new <a rel="noopener noreferrer nofollow" title="world" href="https://thebittimes.com/tag/world.html">world</a> record by achieving an impressive high of 104,715 transactions per second, completing 107,652,545 transactions within 25 minutes during its first public performance test.&nbsp;</p>
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 <p class="paragraph">Monitored and confirmed by CertiKCommunity, this feat establishes TON as the <a rel="noopener noreferrer nofollow" title="world" href="https://thebittimes.com/tag/world.html">world</a>’s <a rel="noopener noreferrer nofollow" title="fastest" href="https://thebittimes.com/tag/fastest.html">fastest</a> and most scalable <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>, outperforming the processing speeds of all L1 <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>s and famous centralized payment networks such as PayPal, Visa, and Mastercard.</p>
 <p class="paragraph">The key to TON’s excellent performance is its unique composition using horizontal sharding. This design significantly increases transaction speed while also strengthening decentralization and security.&nbsp;</p>
 <p class="paragraph">This record highlights TON’s potential and capabilities for supporting a TON-based Web3 ecosystem in Telegram, transforming the messenger into a global decentralized SuperApp, and putting crypto in every pocket.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-what-is-the-open-network-foundation">What is The Open Network Foundation?</h2>
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 <p class="paragraph">In times when internet security and privacy are becoming critical issues for users, The Open Network is addressing these problems. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions of people the opportunity to own their digital identity, data, and assets.</p>
 <p class="paragraph">The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission.</p>
 <h2 class="wp-block-heading" id="h-ton-price-analysis">TON price analysis</h2>
 <p class="paragraph">At the time of press, this crypto token was trading at the price of $0.012, which comes after a positive 24-hour change of 21.03%, from an impressive 33.48% weekly increase.</p>
 <p class="paragraph">It is important to note that this asset is currently trading above its 200-day moving average and had 15 green days in the last month.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/06/ab375067c9fa404171c6e3c006a8996a.webp" alt="TON 7-day price chart Source:  Finbold" class="wp-image-135714" srcset="https://cdn.thebittimes.com/images/2023/11/06/ab375067c9fa404171c6e3c006a8996a.webp 1024w, https://cdn.thebittimes.com/images/2023/11/06/ab375067c9fa404171c6e3c006a8996a.webp 300w, https://cdn.thebittimes.com/images/2023/11/06/ab375067c9fa404171c6e3c006a8996a.webp 768w, https://cdn.thebittimes.com/images/2023/11/06/ab375067c9fa404171c6e3c006a8996a.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   TON 7-day price chart Source: Finbold
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 <p class="paragraph">With the news of a record-setting public test that provides users with the <a rel="noopener noreferrer nofollow" title="fastest" href="https://thebittimes.com/tag/fastest.html">fastest</a> transactions available, this <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> technology and its founders are gathering attention from investors <a rel="noopener noreferrer nofollow" title="world" href="https://thebittimes.com/tag/world.html">world</a>wide.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ton-becomes-the-world-s-fastest-blockchain-tbt69163.html">https://thebittimes.com/ton-becomes-the-world-s-fastest-blockchain-tbt69163.html</a></p>

TON becomes the world’s fastest blockchain

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TheBitTimes

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