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Blockchain

Web3 Has Come: The TON Foundation Launches TON Sites and TON Proxy

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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

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Decentralized Finance (DeFi) Market to Surpass USD 446.43 Billion by 2031 | SkyQuest Technology

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Blockchain

Merging Traditions with Fintech and Blockchain Innovations

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Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit

The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.

Moderator: Anna Agu

Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.

Panelists:

  • Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
  • Astra Tikas – Founding Board Member of INO (Internet Native Organization)
  • Dr. Dean Rakic – Chief Scientist at Blockcontrol
  • Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
  • Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania

Why Attend?

The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:

  1. Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
  2. Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
  3. Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
  4. Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
  5. Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.

Join Us

This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.

Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!

The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.

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Blockchain

North America B2C E-Commerce Market & Payment Innovation Trends Report 2024 – By 2025, Digital Wallets are Expected to Make Up Over a Quarter of Canada’s Online Payments

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