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The Open Network (TON) Sets Eye On Setting World Record for the Fastest Blockchain

The Open Network Foundation (TON Foundation) has announced that it has entered the TON blockchain to compete for the title of “world’s fastest blockchain.” The Open Network (TON) will use the platform to showcase its reliability, scalability, and speed in a public network performance test on October 31, 2023, at 15:00 UTC.

TON blockchain’s bold journey

TON blockchain’s popularity has been on the rise since 2022. The number of addresses on the network has increased exponentially, from 170,000 to a whopping 3.5 million. The increase in TON users has coincided with the deployment of 350 TON validator nodes across 25 countries, making the network more decentralised.

The TON blockchain has maintained an impressive record of reliability throughout its existence, with rapid growth, and no major network outages to date. With its recent solidification as the trusted infrastructure layer for Telegram’s Web3 ecosystem, the upcoming performance test will be a critical step in proving the TON blockchain’s unique potential.

The September 13 announcement of a partnership between TON Foundation and Telegram was a demonstration of the organization’s dedication to mainstreaming decentralised technologies.

“We look forward to October 31, 2023 to confirm that the TON blockchain technically stands out among any other blockchain, especially in its ability to scale,” says Anatoly Makosov, Core Development Lead at TON Foundation.  

The TON Foundation is launching a dedicated TON blockchain network for performance testing, complete with 256 validator node servers. Those interested in witnessing the test event should visit live.ton.org to watch it unfold. However, the TON Foundation advises that the event be viewed for educational purposes only, and that viewers not rely any financial decisions on the outcome.