What is TON (Previously known as Newton)?
TON (The Open Network), is another new L1 on the market that was originally developed by the Russian social media company Telegram. This new L1 chain is a fork of the original Telegram’s TON project that was eventually shelved in 2020 after facing regulatory hurdles.
TON was designed to be a blockchain of blockchains aimed at helping the network in scaling and connecting multiple chains together. This idea is somewhat similar to Cosmos’s IBC system. The network claims that it is capable of achieving up to 1m TPS.
Achieving 1m TPS
TON takes the...