Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain

Telegram’s associate, the Open Community (TON) Basis, in partnership with Alibaba Cloud, has introduced plans to arrange 256 servers for a efficiency testing occasion scheduled for October 31, 2023.

Per the announcement, the target of this occasion is to formally set up the TON blockchain because the world’s quickest blockchain to earn accreditation from the Guinness World Information.

TON’s Upcoming Efficiency Check

In accordance with a report by Yahoo Finance, the TON blockchain has skilled vital progress since 2022, witnessing a 20-fold improve in addresses from 170,000 to three.5 million.

The community has additionally expanded its validator nodes to 350, fostering a extra decentralized community throughout 25 nations. The blockchain has maintained a observe document all through this enlargement, with no main community disruptions reported.

Each events view the upcoming efficiency check as an important step in showcasing the distinctive capabilities of the TON blockchain, which serves as a trusted infrastructure layer for the Web3 ecosystem inside Telegram.

Anatoly Makosov, the Core Improvement Lead on the TON Basis, expressed anticipation for the efficiency testing occasion, highlighting the TON blockchain’s technical superiority, significantly relating to scalability.

Makosov emphasised that TON’s large-scale public efficiency testing is an thrilling alternative to witness vital outcomes and validate the blockchain’s technical prowess. Makosov acknowledged:

We stay up for October 31, 2023, to verify that the TON blockchain technically stands out amongst every other blockchain, particularly in its capability to scale. That is the primary large-scale public efficiency testing of TON – we’re simply as excited as you might be to see the outcomes.

MEXC Ventures Makes Main Funding In TON Blockchain

MEXC Ventures, a subsidiary of MEXC’s international cryptocurrency trade, has additionally introduced a major funding in The Open Community. In accordance with Yahoo Finance, this funding is MEXC’s largest Layer-1 funding and is accompanied by a partnership with the TON Basis.

Justin Hyun, Director of Development on the TON Basis, expressed enthusiasm in regards to the partnership with MEXC, emphasizing their shared purpose of providing international entry to the decentralized Web3 ecosystem inside Telegram.

Per the report, the inspiration is dedicated to delivering a “user-centric expertise” for the neighborhood. MEXC’s help “considerably strengthens” its capability to develop new instruments and providers seamlessly integrating crypto with social media.

Steve Yun, President of the TON Basis, highlighted MEXC’s perception within the TON blockchain’s potential for constructing a Web3 super-app ecosystem on Telegram. Yun expressed confidence within the TON ecosystem’s and MEXC’s mutual progress as they put together for the subsequent market cycle.

The collaboration between the Open Community Basis, Alibaba Cloud, and MEXC Ventures underscores blockchain expertise’s growing recognition and adoption, significantly within the Web3 area.

These partnerships purpose to boost the performance, scalability, and accessibility of the TON blockchain whereas selling international adoption and innovation inside the decentralized ecosystem.

On the time of writing, the native token of the protocol, Toncoin, is buying and selling at $2,006, reflecting a marginal decline of 0.2% over the previous 24 hours. Nonetheless, the token has skilled substantial progress 12 months to this point, boasting a formidable improve of 59% throughout this timeframe.