Ever wondered how Telegram, that messaging app we use every day, could be connected to a decentralized network? Well, get ready for a surprise, because The Open Network (TON) is here to change the rules of the game.
Welcome back to my blog, a space where I always share my opinions with you about everything that has to do with Blockchain, and today Will be no exception, so keep Reading.
Image by Bing AI - Edited in Canva
Table of contents for this article:
♦️ What is The Open Network (TON).
♦️ Benefits for Telegram Users and the TON Network.
♦️ 60 million USDT issued in TON.
♦️ Short, Medium and Long Term Impact.
What is The Open Network (TON)?
A couple of days ago I showed you an article where it was announced the introduction of Tether to the TON network, this was a news that many people were interested in, because TON is the network of one of the messaging Apps with the largest number of users.
You may be interested in: Telegram partners with Tether to give more Crypto options to its internal TON network Wallet (This continues to grow).
TON is not just a fancy acronym, nor is it just a crypto that is having a fomo, this is something that has a lot of potential and you need to know about it, it is a blockchain network that promises to revolutionize the way we interact with digital money. Imagine a place where transactions are ultra-fast, something similar to what happens with the HIVE network, that transactions are fast and secure, smart contracts run smoothly and decentralized applications (dApps) flourish like never before, that place I'm talking about is TON.
Benefits for Telegram and TON Network Users
As Telegram users, we are familiar with their instant messaging platform. However, The Open Network (TON) goes beyond the text messages and stickers we're used to using on a regular basis.
It is a decentralized blockchain network that promises to revolutionize the way we interact with cryptocurrencies and Smart contracts.
60 Million USDT issued in TON.
But the reason why I am writing again about TON, is that a news was released after the inclusion of the Tether, a huge amount of USDT are at stake, 60 Million USDT were issued in the TON network, now, I want to give you some reasons why all this will be successful, only that way you will understand why people are so interested in it.
♦️ Speed and Scalability
The issuance of USD 60 million in USDT on TON is a clear sign that the network is gaining traction. Unlike other blockchains, TON boasts ultra-fast transaction speed and impressive scalability.
This means that Telegram users will be able to send and receive funds more efficiently, without the annoying delays we often experience on other networks such as the Ethereum network, a network I don't use much due to its high cost in fees, or the Bitcoin network which can also be a bit slow.
♦️ Smart Contracts and Decentralized Applications (dApps)
TON is not only a message transfer network, it is also an ecosystem for creating smart contracts and dApps. Imagine being able to execute automated deals without intermediaries, or participate in decentralized games and apps directly from your Telegram app.
This last thing I'm telling you about the games directly from the Telegram App, is something that is already in operation with different games, which even allow you to earn their TON currency for doing some activities or for completing missions in the network games, all in a very easy and fast way, but that will be a topic for another article.
Surely you are wondering what is the interest or what is so striking about the issuance of 60 million USDT, well, I will give you a very easy and concrete answer...
The issuance of USDT in TON increases liquidity and encourages the development of new applications, so this will continue to give more developments of Apps for telegram.
Short, Medium and Long Term Impact
All this recent talk has consequences, a short, medium and long term impact, nothing can be predicted, but we can have an idea of what may happen.
♦️ Short Term
In the short term, the news of the issuance of USDT in TON could generate an increase in demand for the TON currency. Investors and enthusiasts will be on the lookout for investment and speculation opportunities. In addition, the additional liquidity could facilitate the adoption of TON in existing applications and services.
♦️ Medium Term
As more people become familiar with TON and its capabilities, we could see a steady increase in adoption, something that HIVE's network is also looking to do, but that's another topic, just a thought to give you some context.
In TON, developers will work on innovative projects, and companies may consider integrating TON into their operations. The community will grow, and the TON coin could consolidate itself as a reliable option in the cryptocurrency market, not to mention that the $TON already has a good value in the market.
♦️ Long Term
The long-term success of TON will depend on its ability to remain relevant and scalable. If the network continues to deliver on its promises and attracts more users and developers, we could see a significant increase in the value of the TON currency. However, this is also subject to competition and changes in the global crypto landscape, but even so, I don't see a like-minded project or network that can compete with TON and its network.
It is difficult to predict with certainty the future value of the TON coin. However, we can compare it to other similar assets in terms of market capitalization. If TON manages to sustain its growth and adoption, it could rival other well-established cryptocurrencies.
Telegram users and the crypto community in general should keep a close eye on developments in TON, and my interest in the network lies in the fact that Telegram has always been my messaging app of choice.
What do you think, do you think TON has the potential to change the game, leave me your comments, this article has come to an end, thank you very much for reading my content and I hope you have a happy day.
Follow me on Twitter.
English is not my native language, so I have used Hive Translator...