PRESS RELEASE. The Bitcoin.com Exchange is delighted to announce a forthcoming TON listing on the 15th December 2020 at 17:00 UTC. The Bitcoin.com exchange will be the first major cryptocurrency exchange in the industry to list Free TON on the platform. Founded in May 2018, TON Labs is the core developer of Free TON, a decentralized community focused on developing the free infrastructure and software for TON OS. TON will be listed with BTC and USDT trading pairs.
What is TON Free?
TON Free is a peer-to-peer multiblock system built on the TON protocol with a native token called TON Crystal (TON). TON Free states that it is a community project that uses the open source developed by Telegram “TON OS” as a virtual Operating System to run smart contracts and decentralized applications. TON OS is designed as a decentralized operating system to handle decentralized applications. Boasting more features than the Ethereum Virtual Machine that only runs the code strictly.
Devolution of a proof-of-proportion blockchain network is achieved by:
- Several independent verifiers, so no one is interested.
- Distribution of public TONs among many users to prevent centralization of staking power.
- Several teams of developers are working on the protocol design, including its specifications, core software and compilers.
TON Free is close to more than 400 validators by the time of the anticipated mainnet announcement scheduled for December 22, 2020. This makes TON Free the most decentralized PoS network. Importantly, these verifiers were selected through a series of competitions in Q3 2020 where teams competed on performance. Partnerships can be found here.
Why should someone choose a TON?
Free TON would like to provide equal economic opportunities to people around the world with a new, more effective way to govern public finances, without the external influence of political elites. The creators of the project strongly believe in freedom of speech, information sharing and free software. The main objectives of TON Free:
- Allow bug culling and continued development of the Free TON protocol
- To drive widespread adoption of decentralized solutions by millions of consumers
- To accommodate future development scenarios
- To ensure that original protocol developers can participate once granted
- To ensure uniform development of one network and to encourage unnecessary forgery
Free TON is a high-tech project with a strong infrastructure and basic development plan. It claims to be the fastest blockchain right now, with highest performance and lowest latency. The network is capable of between 40 and 60 thousand operations per second. TON Free is the first blockchain with Dynamic Mapping (automatic data refresh).
TON Free also boasts several large corporate partners in the community, these include companies and entities such as; WorldChess, AdGram, Chatex, Cointelegraph, Changelly, Sigma, Lumi, Playkey, ZB.com and many more. Other partners can be found here.
Key Differences between TON and Free TON
Key differences between the original TON vision and the Free TON as it is today can be summarized in three key statements:
(a) No corporate entity behind – Telegram as a messaging platform and as a business has publicly refrained from further involvement. Today, the community is the founding fathers and the key asset of the Free TON as an ecosystem.
(b) The protocol is built on the ideals of network devolution and the tier of governance.
(c) Distributive devolution – ticket distribution occurs as this is written on merit based on the proposals presented on the Free TON Community Forum and voted on by the community and verifiers.
Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his views on Free TON and listed their crystal tokens on the exchange: “Fastest, highest performing, and lowest latency out of all blockchains is everyone’s dream project is currently being developed in the industry, and with Free TON, the community is achieving this, marking another step forward for a devolved world. I am excited to work and discuss thoughts on upcoming new devices with their amazing community, and I am thrilled to have the ticket listed on the exchange. More great things to come, so stay tuned! ”
After the upcoming news, we found Free TON’s collective community voice saying; “We are happy to see the Bitcoin.com Exchange believe in the values of Free TON as evidenced by the decision to list TON crystal tokens”.
About Bitcoin.com Exchange
The mission of the Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, along with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within a year of its launch, on average, more than 500K active traders have visited our exchange each month, and this number continues to grow as you read this sentence.
For a Free TON
Free TON is a community-powered organization for free and open decentralized internet. It is a next-gen blockchain technology that does not belong to anyone and everyone at the same time. The network does not have a central owner or manager who decides what to do or when, or what equipment or projects should run on it. Instead, Free TON practices devolved governance principles that empower the community to engage, contribute and make decisions. TON Free Technology-wise is the multi-threaded, multi-partition, highly scalable blockchain with low latency. It has advanced Proof-of-Stake consensus and a versatile smart contract platform that supports several high-level computing languages. TON Free promotes a unique concept of End-to-End Devolution.
PR at Bitcoin.com Exchange
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in the statement to ‘ press.
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