PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the upcoming listing of TON on the 14th of December 2020 at 17:00 UTC. Bitcoin.com Exchange will be the first major cryptocurrency exchange in the industry to list Free TON on the platform. Founded in May 2018, TON Labs is the core developer of Free TON, a decentralized community focused on developing the infrastructure and free software for TON OS. TON will be listed with BTC and USDT trading pairs.
What is TON Labs?
TON Labs believes that decentralization will bring the necessary changes to the way the world is being run today. All TON Labs’ internal processes are predicated on a merit based system. Widely known as an underrated token by the crypto community, due to its current stance of active validators compared to its circulating supply.
The community behind TON Labs believes that the principles of free software allow to effectively develop advanced, sustainable products and services that contribute to and benefit from the greater community. TON Labs is fully committed to the privacy of user data and security of its software as a mandatory condition for success, aiming to provide developer communities with a set of free software tools to build infrastructure and applications for optimal interaction with decentralized solutions. The community aims to facilitate the adoption of technology and decentralized ecosystems accordingly, all of the essential components of the TON Labs developer stack are available as open source.
What is Free TON?
Free TON is a peer-to-peer multiblock system built on the TON protocol with a native token called TON Crystal (TON). Free TON states it is a community project which uses the Telegram developed open source “TON OS” as a virtual Operating System to run smart contracts and decentralized applications. TON OS is designed as a decentralized operating system to handle decentralized applications. Boasting more features than the Ethereum Virtual Machine which only strictly runs code.
The decentralization of a proof-of-stake blockchain network is achieved by:
- Several independent validators, so there is no single interested party.
- Public TONs distribution among many users to prevent centralization of staking power.
- Several teams of developers are working on the protocol design, including its specifications, core software, and compilers.
Free TON is close to exceeding 400 validators by the time of an anticipated mainnet announcement scheduled for December 22, 2020. This makes Free TON the most decentralized PoS network. Importantly, these validators were chosen through a series of contests in Q3 2020 where teams were competing on performance. Partnerships can be found here.
Why should one choose TON?
Free TON would like to provide equal economic opportunities for people around the world with a new, more effective way to govern public finance, without the external influence from political elites. The creators of the…