TON becomes the world’s fastest blockchain
On October 31, 2023, The Open Network Foundation (TON) set a new world record by achieving an impressive high of 104,715 transactions per second, completing 107,652,545 transactions within 25 minutes during its first public performance test. Monitored and confirmed by CertiKCommunity, this feat establishes TON as the world ’s fastest and most scalable blockchain , outperforming the processing speeds of all L1 blockchain s and famous centralized payment networks such as PayPal, Visa, and Mastercard. The key to TON’s excellent performance is its unique composition using horizontal sharding. This design significantly increases transaction speed while also strengthening decentralization and security. This record highlights TON’s potential and capabilities for supporting a TON-based Web3 ecosystem in Telegram, transforming the messenger into a global decentralized SuperApp, and putting crypto in every pocket. What is The Open Network Foundation? Crypto...