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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

The TON blockchain is one of the most powerful contenders for the title of a competitor to the Ethereum network. The main reason for such a statement is the fact that the TON blockchain has considerable potential from a technological standpoint and its performance metrics bear value. The TON blockchain has a number of distinct advantages that will be explored in the given material. Comparative Analysis If the TON blockchain were to be compared with the Ethereum network, it would become evident that some significant advantages place TON well above its competitor, namely: The TON blockchain has a block time of 5 seconds compared to Et

The TON blockchain is one of the most significant advancements in the blockchain industry over the past few years, demonstrating quite a number of features that allow it to stand out among its competitors. In this material, we will explore six features of the TON blockchain that make it quite unique, especially in regards to its programming. The Smart Contract Aspect The classic concept of the blockchain entails the user paying a commission fee for the transaction. This concept was introduced in the form of the gas fee in the Ethereum network and essentially mimics the mechanics of a classical bank, which charges a commission for it

Cryptocurrency space is filled with a large number of projects and sprawling ecosystems. Some of these systems have legal entities that are registered in their respective jurisdictions. Others exist purely as digital entities that have no centralized form of government. When decentralization becomes the centerpiece of an entity’s management, the only way to reach decisions is through consensus among its participants. This is where the concept of the DAO – the decentralized autonomous organization comes into play. What Is a DAO? At its most basic, a decentralized autonomous organization is an approach to management that revolves around t

The cryptocurrency space is known for its many avenues that allow investors to generate passive income. One of the first and most popular means of making such income is staking. Staking lies at the heart of some of the most popular blockchain networks and is an alternative to mining in terms of both network operation management and investment. In the given material we will explore the basic principles of staking and its advantages and disadvantages. What Is Staking? If staking were to be compared to anything in the real world, then it would have to take the form of a bank deposit. Much like the money deposited in a bank, the tokens o