TON Foundation Attempts to Become World's Fastest Blockchain

<p>Today,
The Open Network Foundation (TON Foundation) announces their upcoming attempt
to officially be named the world’s fastest blockchain. The public network performance test, which is scheduled for
October 31, 2023, at 15:00 UTC, will demonstrate the reliability, scalability,
and speed of The Open Network (TON) blockchain.</p><p>TON
Foundation will collaborate with Alibaba Cloud, amongst others, to set up 256
servers for validator nodes and start a separate TON blockchain network for
performance tests. </p><p>Since
2022, the TON blockchain has experienced exponential growth. The network has
seen a staggering 20-fold increase in addresses, skyrocketing from 170,000 to a
remarkable 3.5 million. The growth of TON’s user base has come alongside the
expansion of TON validator nodes to 350, creating a more decentralized network,
now spread over 25 separate nations.</p><p>Throughout
this rapid expansion, TON’s blockchain has upheld a notably reliable track
record, with no documented major network disruptions.</p><p>The
collaboration between TON Foundation and Telegram, announced on September 13,
underscores TON Foundation’s commitment to bringing decentralized technology to
the mainstream. The upcoming performance test is a pivotal step in
demonstrating the unique capabilities of the TON blockchain, now cemented as
the trusted infrastructure layer for the Web3 ecosystem in Telegram.</p><p>"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.
"This is the first large-scale public performance testing of TON – we're
just as excited as you are to see the results." </p><p>Audiences
worldwide are invited to witness the event in real-time. Viewers are encouraged
to view the event for informational purposes only and should not make any
investment decisions based on the outcome.</p><p>About
TON Foundation</p><p>The Open
Network Foundation (TON Foundation) is a non-profit organization founded in
Switzerland in 2023. TON Foundation is 100% funded by the community, acting in
the community's interests, and supports initiatives aligned with The Open
Network’s mission. Learn more at https://ton.foundation</p><p>About
The Open Network (TON)</p><p>The Open
Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem
in Telegram Messenger, TON is giving billions the opportunity to own their
digital identity, data, and assets. </p>

This article was written by FL Contributors at www.forexlive.com.