what's up guys and welcome back to the channel in this video we'll be reviewing the open
network and we'll do that by going through the website and checking out all the things
that you need to know about this project just a reminder guys i'm not a professional
advisor and this video is purely educational and informational purposes only so let's get it on
alright guys so this is the landing page of the open network otherwise known as ton it is a fully
decentralized layer one blockchain designed by telegram to onboard billions of users and boast
ultra fast transactions tiny fees easy to use apps and is environmental friendly so guys we're not
gonna be reading everything on this website so we'll focus on the things that matters the most
and let's start off by checking out their landing page mass adoption massive distribution taunt is a
scalable and charitable its flexible architecture lets it grow and grow with no loss of performance
that's good i mean if you are trying to come up with a project you always have to you know be
ready for the future for when you know in a snap like a good example is when axey infinity came
out you know the the developers and the network is not ready to like support massive amounts
of exponential growth and then when the hype of axi infinity came in a lot of users came in and
then there were lots of lags there were lots of drops and everything like that that happened back
then now if you are coming up with projects and i think you know the new projects like ton right
now learn from that is that you know you have to be prepared for when when you're coming up with a
project you have to always consider that you know your project will be hyped or your project will go
skyrocket that way you won't lose any income okay the future of currency it's used for
transaction fees securing the blockchain through staking deciding how the network develops and
setting payments so this is how you can get the ton coins let's go ahead and uh click on this one
see what where it will take us all right here so where to buy the price of ton coin at the moment
is 1.27 and i mean with the price of bitcoin at like 24 000 ish it's you know not really
a bullish market yet the price of ton coin is already at 1.27 imagine how much this will go up
when the market goes bullish again right so so as early as now i would strongly recommend that you
guys do your own research check out the projects that are coming out of the market because this
is a good time for you to start you know looking for legitimate projects that you could invest
on instead of waiting for the market to go bull and then the prices has already gone up
and that's the only time that you're gonna be like scouting for good projects right
you're losing revenue like potential revenue from that point already okay so let's go
back and then see upon timeline late 2018 the durov brothers founders of telegram messenger
i'm sure you guys if you're watching this i'm sure you're familiar with telegram already
release of or release the first version of the telegram open network white paper so telegram
was forced to seize active develop this is on twit and this is in 2020 telegram is forced
to seize active development of taunt a vibrant open source community continues to maintain the
network and build new taunt functionality bringing telegrams design to fruition or fruition sorry
okay so bringing telegrams designed to fruition now 2022 right now to this year
taunt becomes the open network on mainnet is fully live operational already and hosting ultra cheap
fast and ecological friendly transactions now this is good because i mean if you're looking for
things or projects like this you know you're looking for speed scalability security and
all those good stuff right now you got to check this out let's go ahead and check on the road map
real quick here 2022 so this is actually the comprehensive roadmap that they've had since
2018 and you can go back here and check this things out guys so the link to that will be
in the description of the video as well so let's check out the one at present so 2022 here you go
so quarter three of 2022 we are here ton proxy ton sites and then on 2022 of quarter fourth 2022 it's
coming really really soon quarter four is right around the corner it's like two weeks from now
quarter four of 2022 ton storage will be in line already and then on 2023 bitcoin and evm cross
chain so you'll also be surprised that ton is also cross chain so let's go ahead and check out this
one the blockchain analysis so blockchain analysis ton solana and ethereum 2.0 are examples of
proof of stake blockchains but key design and implementation differences mean time comes or ton
comes out ahead on performance versatility and design so let's go ahead and check out on this one
quick introduction blockchains have evolved since the original ton white paper back in 2017 here we
can compare or we compare it on with two other leading layer one blockchains the solana and the
upcoming ethereum 2.0 these two blockchains claim to be the ultimate solution for mass adoption but
it's unclear whether they'll be able to meet the high expectations of developers and communities
so ton is a multi-chain project just like what i mentioned earlier with generalized support of all
transactions ethereum 2.0 is a major upgrade of the ethereum blockchain network that is currently
in development also known as eth2 it's designed as the beacon chain with up to 64 shard chains
but only has limited cross-chain communications ethereum 2.0 is not yet implemented as of 2022
okay now solana is a single chain blockchain project optimized to execute specialized
transaction at high speeds so that's actually what i love about salon as well you know the speed is
really really quick let's go ahead and check out comparing ton ethereum 2.0 and celina so these are
like the direct comparisons for all three you can go ahead and check out on that one as well
block and finalization time block and time to finality represent transaction speeds crucial for
consumer products block time and time to finality represent transaction speeds crucial for consumer
products the faster blocks are generated the less time the users have to wait for money transfer or
smart contract execution so that is actually one of the main things that ton is aiming for like the
speed okay ton generates a new block on each side chain and the master chain approximately every
five seconds new blocks on all side chains are generated approximately
simultaneously and a new block on the master chain is generated approximately one second
later because it must contain the hashes of the latest block of all shard chains now for ethereum
2.0 on the other hand ethereum 2.0 has slots and epochs a slot is 12 seconds in which new beacon
chain and shard chain block can be proposed by a validator 32 slots make up each or make up
an epoch 6.4 minutes there are specific rules dictating that block finality wires
at least two epochs this means that time to finality is at least 12.8 minutes which is pretty
long for ethereum 2.0 and then so atlanta claims to generate one block every second or faster but
it has an extended block final finalization time block is usually finalized after 16 voting rounds
with each round expected to approach last approximately 400 milliseconds means a time
to finality of 6.4 seconds so the performance you can go ahead and check on that as well
so performance is here for both or for taunt ethereum 2.0 and solana and then scalability
and then let's check out the conclusion right here as of 2022 the town blockchain remains one of the
few truly scalable blockchain projects as such it still is the most advanced blockchain project
capable of performing millions and if it becomes necessary in the future tens of millions of true
touring complete smart contract transactions per second pdf analyzing ton solana and ethereum 2.0
can be found below and should be referred to for more details on the information provided
above it just like what i mentioned guys you know we'll check out the ones that i feel you
guys would need to know about this project and since we're leaving the link to this
website in the description below i would strongly encourage that you also do your own research just
go ahead and click on the link that way it will take it directly to the website so you could avoid
any fishing sites okay go to the validators okay this is one of the really good things and how you
could also earn with ton become a validator ton uses the proof of stake or the pos consensus model
consensus is maintained by validators network participants who check the validity of blocks
anyone can become a validator and earn tauntcoin while contributing to the network security so
if you would like to like know more about this you could get into this website click on learn
and then click on the validators so how to become a validator becoming a ton network validator
requires access to high performance hardware on a highly available network as well as access to a
large degree of taunt coin as a stake validators take ton coin for a fixed specific term and
the the stake is refunded with interest after the completion of the validation round open
source software is available for those that wish to become validators should a validator attempt
to cheat or be enabled during validation round its stake is partially or fully forfeited so that is
one of the like the downside if you are going to cheat so i would strongly suggest that if you are
a validator stick to what's legal that way you don't you know you don't get forfeited for any
stakes that you have okay now network validators verify user transactions if all validators
reach consensus that a transaction is valid it is included in the blockchain invalid transactions
are rejected therefore validators have to correctly process user transactions at maximum
speeds to get rewarded and avoid penalties okay so how validators achieve consensus so you can
go ahead and check on that as well powerful server with fast answer these are the requirements by the
way okay powerful server with past internet so eight vcpus 64 gigabytes in memory one terabyte
of ssd fixed ip address and one gigabyte per second speed for your internet so you know the
requirements are pretty high if you're gonna be asking me but if they are requiring this then most
likely the rewards that you could get out of being a validator will most likely be also really really
good right okay so let's go ahead and check on so the software installation is here so if you like
finally decide to become a validator you could go ahead and check on this one as well validators
rewards users send a small surplus amount of ton coin to their transaction that represents a reward
to validators for their work this amount is distributed proportionally to the stake of
validators elected in the given validation cycle so additionally newton coins are generated during
validation these also go to validators overall annual coin inflation is about 0.6 which is not
bad if you're gonna be asking me like the 0.6 of inflation is pretty much you know manageable in
other words all right guys so let's head back to the landing page and then go to the wallets page
there so ton wallets custodial and non-custodial wallets have lots of features that could help you
manage your funds effortlessly so let's go ahead and check out what the difference between the two
are so for custodial versus non-custodial wallets most crypto users use both kinds of wallets but
it all depends on your needs with non-custodial wallets you have complete control of your crypto
and there are no intermediaries you are responsible for the security of your funds
and with custodial wallets on the other hand the service provider acts as an interpreter and stores
your crypto on your behalf so keep in mind that whether you are using a custodial or non-custodial
wallet you should always be careful and apply best practices to improve the security of your funds so
to in order for me to protect my crypto assets the tokens that i have i use a trezor wallet so it's a
hardware wallet that i connect to my computer that way when i conduct transactions and all
those stuff i still need to press on the actual hardware before it you know sends off my tokens
so that's one way for you guys to be protected instead of just leaving your wallets there like
for example you're using a meta mask and then you're not using a hardware wallet if somebody
hacks into your wallet hopefully not guys but you know if somebody logs into your wallet they
would be able to send your funds out of your metamask wallet so that's kind of how it works
okay so non-custodial wallets plant keeper a full-fledged mobile wallet for a variety
of transactions on taunts taunt keeper and then turn hub a mobile wallet that supports in-app
ton coin staking so ton wallet an open source web wallet for ton coin supported by the community and
coin 98 wallet the mobile and browser extension wallet with multi-chain support so these are your
non-custodial wallets and then first custodial at wallet a user-friendly bot wallet for sending
taunt coin in telegram and then the crypto bought a telegram bot wallet for storing transferring and
exchanging don coin so where to buy the ton coin you can buy it here so let's go ahead and check
out the other ones it's sea staking all right so next one we'll go to steak let's go to use taunt
and then click on steak and then top nominator pools list of the top nominator posts allows stone
coin holders to lend their assets to validators to make a profit by maintaining the blockchain so
how it works who are the validators tom uses the proof of stake consensus maintained by validators
network participants who validate blocks and earned one coin while contributing to the
network security and who are the denominators nominators are network participants who lend
their assets to validators ton coin earned by the validators distributed to the nominators
according to the pool settings water pools on the other hand denominator pools are assets
of a validator and nominator managed by a smart contract smart contracts guarantee the correct use
of borrowed coins so these are the things that you guys need to know about this one all right so next
one would be the apps and services let's go ahead and check on that as well see what information we
could get out of that so ellen sheedlin's interview about the annihilation collection
so these are your apps and services that you could get from the ton see ton apps right here
so you can go ahead and check on that as well and then see what apps or services would be applicable
to you so you could go ahead and check on this one so they also have like nfts here so you see
gate io dodo pancake swap one inch so these are the exchanges and then these are your wallets
so there's a lot in a lot of good stuff in here so you can go ahead and check on this one as well
utilities bridges see you have ton to uh eat and then eat the ton and then taunt
to bsc and then bsc that's on bridge you also have it there mining so ton miner bought tan
universe on coin poll and so on we have whales pool and then let's go ahead and
check out the bridges here this is where you could see network um the bridge basically from
tonto ethereum and vice versa and then you also have the binance mart chain to the ton network
in terms of uh gas fees i always say that you know erc 20 network is the most expensive in my
honest opinion the most expensive gas fees that you could ever pay like like some sometimes you
know i would transfer tokens from my wallet going to another wallet in the ethereum network or the
erc20 network and i get charged like 20 25 30 or that transfer alone so it's insane so that's
one thing that that's good about you know other networks like dawn bsc network and all those stuff
they have low gas fees you know it's almost you do not notice that there's a gas fee that you're
paying when you're doing transactions and that's what i love about those networks okay so those
are the things that you guys need to know about ton and if you have any questions feel free to
use the comment section below and of course if you are new to the channel please consider subscribing
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up or when we upload new videos in the future and we'll see you on the next we're out peace