# TheOpenNetwork

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1. Background and Technology
Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized layer-1 blockchain originally developed by Telegram. The project was later handed over to the open-source community after regulatory challenges. TON is designed to offer high throughput, low latency, and scalability, making it suitable for a wide range of decentralized applications (dApps) and services.
- Consensus Mechanism: TON uses a Proof-of-Stake (PoS) consensus mechanism, which allows validators to secure the network and process transactions efficiently.
- Sharding: TON impl
TON-2,97%
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Coin Analysis and Spot Call 🚀
Coin name: $TON 💰
$TON has reached it's 2024 Bottom Line and we can see a big reversal soon 🚀🚀
The Open Network (TON) is entering the US market this year which will inject enormous liquidity into it. More ever, TON is improving its utility and adding more and more use cases based on telegram interaction which will create long term Demand for it.
So we can Easily Aim for $7-$8 in the upcoming months.
**Make sure to Maintain Proper Risk Management**
let me know in the Comments which Coin Analysis you want next 💰
#Ton
#Telegram
#The Open Network
#Spot
TON-2,97%
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