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About Toncoin
Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized layer-1 blockchain. Originally conceived as the Telegram Open Network by the creators of Telegram (Nikolai and Pavel Durov), the project was transitioned to the non-profit TON Foundation and an independent community of developers following regulatory challenges. As the primary utility asset of the network, Toncoin is used for transaction fees, staking to secure the network via a proof-of-stake consensus mechanism, and as a payment method for decentralized services and dApps within its ecosystem.
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Recent Toncoin news
See all →DECRYPT: Australia Sues Telegram for $38M Over ‘Pro-Terror’ Videos
THE BLOCK: Australia's eSafety regulator sues Telegram over alleged failure to remove pro-terror content, seeks A$54.6 million penalty
COINDESK: Telegram faces terror-related legal action in Australia one day after founder is charged by Russia
COINTELEGRAPH: Australia sues Telegram over alleged failures to remove terror content
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