TON Description
Telegram created TON, a fully decentralized layer-1 crypto-currency that Telegram uses to onboard billions of people. It offers ultra-fast transactions, low fees, easy-to use apps, and is eco-friendly. TON is easily scalable and can be shared. Its flexible architecture allows it to grow without affecting performance. It is used to pay transaction fees, secure the blockchain through stake, decide how the network develops and settle payments. TON is distinguished from other layer-1 blockchains by a number of unique features. The actor model, a mathematical model for concurrent computation, is the heart of TON smart contract. Each smart contract can receive one message, modify its own state, or send multiple messages per unit of time. The entire blockchain can be scaled up to host unlimited transactions and users. The TON Virtual Machine is a fully-featured, stack-based virtual machine.
TON Alternatives
Qtum
Qtum, an open-source public blockchain platform, leverages the security of UTXO and enables multiple virtual machines including EVM. Qtum is PoS-based and features a Decentralized Governance Protocol, (DGP), which allows specific blockchain settings to change through smart contracts. Qtum's block size can be increased without the necessity of a hard fork. Qtum is a safe, stable, and standardised development environment for smart contract development. It allows business-friendly smart contracts coding, deployment, and execution. Qtum is a decentralized platform that can be used with existing blockchain infrastructure. It is modularized, so new technology can always been added. Qtum supports a wide range of crypto wallets that can be used to meet different user needs. Qtum also offers mature development resources for app and blockchain development.
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Avalanche
Build on Avalanche. You can build without limitations. Avalanche is a platform that allows you to create decentralized financial applications. It is open and programmable. Launch Ethereum dapps to instantly confirm transactions and process thousands of transactions per minute. This is far more than any other decentralized blockchain platform. You can deploy blockchains that meet your application requirements. You can create your own virtual machine and decide how the blockchain should work. Secure the platform by locking up your AVAX and facilitating transactions. Most likely, you have the hardware necessary to join the platform. Avalanche supports Solidity. All your favorite tools, such as Remix, Truffle, or Tenderly, work right out of the box. Avalanche smart contracts are only a tenth as expensive as Ethereum. Low gas fees, front-running, adverse effects, and other negative effects of slow smart contracts blockchains are all gone.
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RChain
A breakthrough concurrent computational system that unlocks the blockchain. RChain is a pioneer in transparent and secure transactions using a global-scale technology platform that is ultra-fast. RChain is a public utility that can be used to address climate change, data security, and other issues we face collectively. RChain achieves superior scalability, speed and efficiency through intelligent concurrency across the network and right-sized validation for every transaction. Transactions are now executed at lower execution costs and with greater efficiency. RChain's decentralized architecture design doesn't compromise security to achieve scale. Rholang, RChain’s contract programming language allows developers to write for concurrency as well as formal verify all processes. RChain is a completely open-source project. The RChain ecosystem is enhanced and enriched by the contributions of its members.
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BNB Smart Chain (BSC)
BNB Smart Chain is a blockchain-based platform developed by Binance. It was designed to allow decentralized applications (dApps), and smart contracts. It is a parallel chain that operates alongside Binance Chain. It combines high-speed transactions and the programmability provided by Ethereum-compatible smart contract. BSC uses a Proof-of-Staked-Authority (PoSA) consensus mechanism, which enhances scalability and efficiency while reducing transaction costs. It is compatible with Ethereum Virtual Machine (EVM), which allows developers to easily port projects and dApps from Ethereum. BSC is a popular platform for Decentralized Finance (DeFi), Gaming, and NFT ecosystems. It offers users a fast and low-cost platform for blockchain-based innovation.
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Company Details
Company:
TON
Website:
ton.org
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SaaS
Type of Training
Documentation
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Online
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