STON.fi Blog

Blockchain technology was initially developed as an alternative for the traditional financial industry. Considering the many limitations of such gateways as VISA, MasterCard, and traditional banks, Bitcoin – the original cryptocurrency – leveraged blockchain as a means of accelerating transactions and eliminating intermediaries from the chain of operations. By making payments faster, more transparent, and more affordable, blockchain was conceived as an ideal alternative to international gateways and the financial infrastructure as a whole to facilitate cross-border monetary transactions. As time passed and the blockchain and cryptocurrency

The use of Artificial Intelligence, or AI, is slowly spreading, with new applications being discovered for the technology, and some previous ones – discarded. And while some are questioning the real-life applications of AI, others are stressing the vital role it will play in the formation of the internet of the future, or Web3. However, there are still some misconceptions about Web3, or to be more specific – about the differences between Web3 and Web3.0. The fact of the matter is that both of these technologies have some aspects in common, but are rather different, with AI being the major factor uniting them under the banner of the interne

⚡️ Stonfiers! At The Gateway conference, we announced the Omniston protocol, which will solve the problem of liquidity shortage by combining TON liquidity within TON Space. It’s time to tell you more about the future protocol. What is Omniston? Omniston is a decentralized liquidity protocol that uses market makers instead of traditional liquidity providers. The RFQ mechanism will allow traders who have created a swap request to get the best price request among market makers’ offers — and then make a deal directly, without bridges or centralized services. Our smart contracts guarantee that only the transaction participants will have acce

Web3 is the next stage of the Internet, as described by most tech enthusiasts and experts alike. The decentralized version of the web is predicted to be much faster, more intuitive, reliable, transparent and user-oriented than its Web2 counterpart that we are all using today. Most importantly, Web3 is supposed to be based on blockchain technology, meaning that it will be entirely decentralized and will eliminate the need for any intermediaries, thus greatly expanding the liberties of users and ensuring the security of their personal data. Web3 will be using artificial intelligence and machine learning as a basis for many of its services, t

The blockchain requires upkeep in terms of both the technology base used for processing transactions and for maintaining the economic incentive of users responsible for running the networks. This means that an economy has to be in place for ensuring the uninterrupted flow of funds. Considering the speculative nature of most cryptocurrencies, they cannot be construed as a reliable means of generating stable income for the participants of network maintenance processes. As such, the only constant that can be leveraged for providing stable returns is the only element of the decentralized environment that is mandatory and fundamental for its opera

The TON project was originally launched in 2018 under the Gram name and managed to raise in excess of $1.7 billion in investments. However, the SEC (Securities and Exchange Commission) later interfered and labeled the Gram tokens as securities, forcing the project to reformat and take on a new form. By May of 2020, Gram lost to the SEC in court and had to abandon further pursuit of fundraising. The result was the development of the TON project with a large community following in the blockchain and crypto space. By that point, Telegram had left the TON project and developers picked up from then on, since the source code of the blockchain wa