Toncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation. Since 2020, the technology has been developed by an independent community of developers and blockchain enthusiasts. The non-profit TON Foundation is the most prominent of these supporters. The blockchain was renamed from Telegram Open Network to The Open Network, with Toncoin now the native cryptocurrency of the TON network.
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