{"id":30848,"date":"2023-10-11T21:53:29","date_gmt":"2023-10-12T01:53:29","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30848"},"modified":"2023-10-11T21:53:29","modified_gmt":"2023-10-12T01:53:29","slug":"telegram-and-ton-foundation-collaborate-with-alibaba-cloud-in-quest-for-fastest-blockchain","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/11\/telegram-and-ton-foundation-collaborate-with-alibaba-cloud-in-quest-for-fastest-blockchain\/","title":{"rendered":"Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain"},"content":{"rendered":"

Telegram\u2019s partner<\/a>, the Open Network (TON) Foundation, in partnership with Alibaba Cloud, has announced <\/a>plans to set up 256 servers for a performance testing event scheduled for October 31, 2023.\u00a0<\/p>\n

Per the announcement, the objective of this event is to officially establish the TON blockchain as the world\u2019s fastest blockchain<\/a>\u00a0to earn accreditation from the Guinness World Records.<\/p>\n

TON\u2019s\u00a0 Upcoming Performance Test<\/h2>\n

According to a report by Yahoo Finance, the TON blockchain has experienced significant growth since 2022, witnessing a 20-fold increase in addresses<\/a> from 170,000 to 3.5 million.\u00a0<\/p>\n

The network has also expanded its validator nodes to 350, fostering a more decentralized network across 25 nations. The blockchain has maintained a track record throughout this expansion, with no major network disruptions reported.<\/p>\n

Both parties view the upcoming performance test as a crucial step in showcasing the unique capabilities of the TON blockchain, which serves as a trusted infrastructure layer for the Web3 ecosystem within Telegram.<\/p>\n

Anatoly Makosov, the Core Development Lead at the TON Foundation, expressed anticipation for the performance testing event, highlighting the TON blockchain\u2019s technical superiority, particularly regarding\u00a0scalability<\/a>.\u00a0<\/p>\n

Makosov emphasized that TON\u2019s large-scale public performance testing is an exciting opportunity to witness significant results and validate the blockchain\u2019s technical prowess. Makosov stated:<\/p>\n

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. This is the first large-scale public performance testing of TON \u2013 we\u2019re just as excited as you are to see the results.<\/p>\n

MEXC Ventures Makes Major Investment In TON Blockchain<\/h2>\n

MEXC Ventures, a subsidiary of MEXC\u2019s global cryptocurrency exchange, has also announced <\/a>a significant investment in The Open Network. According to Yahoo Finance, this investment is MEXC\u2019s largest Layer-1 funding and is accompanied by a partnership with the TON Foundation.\u00a0<\/p>\n

Justin Hyun, Director of Growth at the TON Foundation, expressed enthusiasm about the partnership with MEXC, emphasizing their shared goal of offering global access to the decentralized Web3 ecosystem within Telegram.\u00a0<\/p>\n

Per the report, the foundation is committed to delivering a \u201cuser-centric experience\u201d for the community. MEXC\u2019s support \u201csignificantly strengthens\u201d its ability to develop new tools and services seamlessly integrating crypto with social media.<\/p>\n

Steve Yun, President of the TON Foundation, highlighted MEXC\u2019s belief in the TON blockchain\u2019s potential for building a Web3 super-app ecosystem on Telegram. Yun expressed confidence in the TON ecosystem\u2019s and MEXC\u2019s mutual growth as they prepare for the next market cycle.<\/p>\n

The collaboration between the Open Network Foundation, Alibaba Cloud, and MEXC Ventures underscores blockchain technology\u2019s increasing recognition and adoption, particularly in the Web3 space.\u00a0<\/p>\n

These partnerships aim to enhance the functionality, scalability, and accessibility of the TON blockchain while promoting global adoption and innovation within the decentralized ecosystem.<\/p>\n

At the time of writing, the native token of the protocol, Toncoin<\/a>, is trading at $2,006, reflecting a marginal decline of 0.2% over the past 24 hours. Nevertheless, the token has experienced substantial growth year to date, boasting an impressive increase of 59% during this timeframe.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Telegram\u2019s partner<\/a>, the Open Network (TON) Foundation, in partnership with Alibaba Cloud, has announced <\/a>plans to set up 256 servers for a performance testing event scheduled for October 31, 2023.\u00a0<\/p>\n

Per the announcement, the objective of this event is to officially establish the TON blockchain as the world\u2019s fastest blockchain<\/a>\u00a0to earn accreditation from the Guinness World Records.<\/p>\n

TON\u2019s\u00a0 Upcoming Performance Test<\/h2>\n

According to a report by Yahoo Finance, the TON blockchain has experienced significant growth since 2022, witnessing a 20-fold increase in addresses<\/a> from 170,000 to 3.5 million.\u00a0<\/p>\n

The network has also expanded its validator nodes to 350, fostering a more decentralized network across 25 nations. The blockchain has maintained a track record throughout this expansion, with no major network disruptions reported.<\/p>\n

Both parties view the upcoming performance test as a crucial step in showcasing the unique capabilities of the TON blockchain, which serves as a trusted infrastructure layer for the Web3 ecosystem within Telegram.<\/p>\n

Anatoly Makosov, the Core Development Lead at the TON Foundation, expressed anticipation for the performance testing event, highlighting the TON blockchain\u2019s technical superiority, particularly regarding\u00a0scalability<\/a>.\u00a0<\/p>\n

Makosov emphasized that TON\u2019s large-scale public performance testing is an exciting opportunity to witness significant results and validate the blockchain\u2019s technical prowess. Makosov stated:<\/p>\n

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. This is the first large-scale public performance testing of TON \u2013 we\u2019re just as excited as you are to see the results.<\/p>\n

MEXC Ventures Makes Major Investment In TON Blockchain<\/h2>\n

MEXC Ventures, a subsidiary of MEXC\u2019s global cryptocurrency exchange, has also announced <\/a>a significant investment in The Open Network. According to Yahoo Finance, this investment is MEXC\u2019s largest Layer-1 funding and is accompanied by a partnership with the TON Foundation.\u00a0<\/p>\n

Justin Hyun, Director of Growth at the TON Foundation, expressed enthusiasm about the partnership with MEXC, emphasizing their shared goal of offering global access to the decentralized Web3 ecosystem within Telegram.\u00a0<\/p>\n

Per the report, the foundation is committed to delivering a \u201cuser-centric experience\u201d for the community. MEXC\u2019s support \u201csignificantly strengthens\u201d its ability to develop new tools and services seamlessly integrating crypto with social media.<\/p>\n

Steve Yun, President of the TON Foundation, highlighted MEXC\u2019s belief in the TON blockchain\u2019s potential for building a Web3 super-app ecosystem on Telegram. Yun expressed confidence in the TON ecosystem\u2019s and MEXC\u2019s mutual growth as they prepare for the next market cycle.<\/p>\n

The collaboration between the Open Network Foundation, Alibaba Cloud, and MEXC Ventures underscores blockchain technology\u2019s increasing recognition and adoption, particularly in the Web3 space.\u00a0<\/p>\n

These partnerships aim to enhance the functionality, scalability, and accessibility of the TON blockchain while promoting global adoption and innovation within the decentralized ecosystem.<\/p>\n

At the time of writing, the native token of the protocol, Toncoin<\/a>, is trading at $2,006, reflecting a marginal decline of 0.2% over the past 24 hours. Nevertheless, the token has experienced substantial growth year to date, boasting an impressive increase of 59% during this timeframe.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n

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