Blockchain
Web3 Has Come: The TON Foundation Launches TON Sites and TON Proxy
London, United Kingdom–(Newsfile Corp. – September 30, 2022) – Today, The TON Foundation launched the latest products in The Open Network’s (TON) ecosystem, TON Sites and TON Proxy. These two products mark important new steps in the genesis of the TON Foundation’s vision of a decentralized next-generation internet. Network protocols were specifically designed for TON so that nodes could communicate with one another and exchange data, and as a result, TON is poised to offer a totally private, decentralized, and secure private computer network.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8653/139048_lunaweb3image.jpg.
The TON network is decentralized (has no central server), stable (a node disconnecting will not affect the functioning of the network), and anonymous (it’s impossible or difficult to determine the IP address of the node). When transmitting data among nodes in the network, mandatory encryption and built-in data authentication without the mediation of third-party certification authorities are used.
Starting today, anyone who wishes will be able to launch a TON Site, a web server that is available on the TON network.
TON Sites powerfully combines with TON DNS to remove the need for centralized domain name registries. Domain names can no longer be blocked or taken away arbitrarily. With TON DNS, all that is required is an annual micropayment of less than 0.0001 Toncoin as a symbolic gesture to confirm domain ownership.
This sleek internet removes the necessity to create new passwords for every website. Users can sign in to TON Sites with a TON-based cryptocurrency wallet – the wallet authenticates their identity.
Also, users can send Toncoins by entering the domain as the recipient’s address.
To first access the TON network, users need to connect to a special entry point, known as an “entry proxy.” Currently, one can use public entry points launched by the TON Foundation. The experience is user-friendly, as TON Proxy is compatible with HTTP Proxy; all you need to do is open the settings in your browser and enter the address of a public TON Proxy as a proxy server. There, “.ton” sites will be available within your browser as if they were regular websites.
A host of TON wallets has said they plan to implement TON Proxy directly in their wallet applications and extensions, meaning that the TON network and TON Sites will soon be able to be accessed by all TON wallet owners without downloading additional applications.
Also published in the updated roadmap, in the next TON Proxy version, traffic on the TON network will be rerouted through a random set of intermediary nodes to ensure anonymity, while the third version of TON Proxy will launch a decentralized economy, and those running intermediary nodes will receive automatic payments in the form of Toncoins from users.
ENDS
Notes to Editors
About The Open Network (TON)
The Open Network is a third-generation proof-of-stake blockchain initially designed in 2018 by the Durov brothers, the founders of Telegram Messenger. Later, it was handed over to the open-source TON community, which has been supporting and developing it ever since.
TON was designed for lightning-fast transactions. It’s user-friendly, and fully scalable.
The TON Foundation is a non-commercial group of supporters and contributors who help further grow the TON blockchain.
Contact name: Tarek Al Fakih
[email protected]
SOURCE The Open Network (TON)
Learn more about TON: https://ton.org
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139048
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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