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Telegram’s TON to attempt  world’s fastest  blockchain record  



The Open Network (TON) Foundation said it is set for its first public performance test, attempting the world record for the fastest blockchain. The Record-breaking  performance test is slated for October 31, 2023, at 15:00 UTC. This feat, if achieved, will officially name TON as the fastest Blockchain.

Furthermore, the performance involves handling the most transactions per second (TPS) to establish its Blockchain as the fastest and most scalable blockchain.

According to TON, since early 2022, the number of addresses on the network went from 170,000 to 3.5 million. Also, the network has 350 validator nodes decentralized across 25 countries, TON reported.

The TON network boasts that there has not been any “single” disruption throughout the mentioned growth phase. “TON Blockchain is always available for its users who enjoy uninterrupted access, ultra-fast transactions, and negligible network fees,” TON Foundation said.

The Core Development Lead Anatoly Makosov, at TON Foundation said the performance “is the first large-scale public performance testing of TON – we’re just as excited as you are to see the results.” Anatoly added that the performance would confirm that “the TON blockchain technically stands out among any other blockchain, especially in its ability to scale.”

For TON, the public performance is a testament of its commitment to make web3 accessible on a global level and easy to use, citing its plans with Telegram announced on September 13, 2023.

According to a report, the TON Foundation will collaborate with Alibaba Cloud, to set up about 256 servers for validator nodes. It aims to start a separate TON blockchain network for performance tests.

TON has called on industry players to join the virtual broadcast at for TON’s public performance test. While this may seem significant for the industry players, it however, should not be a basis for any investment decisions.

Read also;

FTX to receive $175 Million Settlement from Genesis; Forego $1 Billion Claims

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