What is Free TON and what do we need it for?

A multi-blockchain Free TON (Telegram Open Network) is based on the TON Protocol developed by Nikolay Durov and the Telegram team.

The Free TON ecosystem refers to DAO (Decentralized Autonomous Organization) - a company that is based on blockchain technology and has no controlling authority or governing body like a board of directors. A characteristic feature of such a company is the absence of any hierarchy.

DAO is a combination of people, decentralized network, program code and smart contracts. It is developed as a community product, not a property of any one company. It is distributed and published free of charge.

The Free TON platform is an ecosystem of the future, within which it will be possible to find all services, projects, information, ideas for business, partners, without being tied to a country but gaining access to resources and technologies around the world.

A blockchain is an environment for business processes between states and corporations, along with the individual transactions.

Blockchain technology makes it possible to come to a single market.

You can study the legislation of other states, methods of transferring money or bureaucratic procedures in each country or you can start working on the Free TON blockchain platform: create a wallet in the TON Surf application, receive TON Crystal tokens and start conducting any transactions around the world.

Each person can receive TON Crystal tokens based on their contribution to the development of the ecosystem by:

* participating in the development and promotion of the system;
* participating in bounty programs, completing assigned tasks;
* becoming a network validator;
* winning tokens in contests;
* evaluating the competition works as a jury;
* when distributing tokens, as part of promoting a new blockchain program. AirDrop will be carried out after achieving full decentralization of the Free Ton blockchain;
* taking part in staking and receiving passive income - a percentage of the validator's remuneration for keeping your TON Crystal tokens on the deposit in the validator's stake, guaranteeing the authenticity of each record.
* buying them from those who have earned or won them in the project.

For people of such professions as a teacher, programmer, psychologist, designer, writer, photographer and many other specialties that already work in a remote format, the smart contract system will be able to offer the opportunity to buy or sell their goods or services to any member of the Free TON ecosystem, regardless of a country or city it is located. Customers, sellers, buyers, business, gaming or travel partners will be able to attend one site.

A smart contract is a program that allows all operations to be carried out using algorithms created on the basis of the blockchain, allowing the exchange of money, property, shares or other assets without resorting to the services of intermediaries.

The terms of the smart contract cannot be violated in any way. In practice, two people conclude a deal with each other, prescribe its terms and fix a certain amount of money. When all the pre-specified conditions are met, the executor automatically receives the transaction amount to his account. If at least one of the conditions is violated, then no payment will be made. All this is implemented on blockchain technology, where it is impossible to cancel transactions, or somehow falsify or change the data already entered.

A blockchain system contains a complete history of all transactions that have taken place since its inception. Every user has access to this chain. Anyone can speak up and authenticate the information in the database.

The blockchain can be described as an account book or a spreadsheet, where each page is a separate transaction and storage of your valuables. It is numbered and spine bound to the rest of the pages. If someone wants to rip out a page, or, in other words, violate the contract and take your valuables, then the verification system detects this immediately, because the number of pages has decreased, and the numbering or connection between pages has been broken, after page 86 there is always 87th, not 88th.

Validators - a group of nodes (node, server) of the network that verify the generated new blocks of the blockchain, check each transaction, confirm it and guarantee with their own funds or with a stake (Proof-of-Stake) that the record is correct or valid. In order to steal or replace a “page”, at least 50% of the network's validators must “rip out a page” in their copy of the book and insert a new one, which is almost impossible due to the architecture of the blockchain itself.

The system processes millions of transactions per second and focuses on the largest number of "pages", if there are fewer pages, the system sees this and indicate an error, if the connection is broken, the system indicate an error. Comparison and storage of all copies of the "book" in hundreds and sometimes thousands of validators allows the system to remain decentralized.

The validator cannot own more than 1/3 of all existing tokens and guarantees the accuracy of each transaction with its own funds. These additional conditions minimize the possibility of influencing the system.

A classic database (for example, in banks) is stored on dedicated servers that are controlled by the organization that owns the database.

Blockchain is not controlled by any one person or organization, and its security is ensured precisely by its distributed architecture. If part of the computers on which the blockchain is stored is hacked, this will not affect the operation of the entire system in any way, which is impossible for a classic database.

In theory, any data can be recorded into the blockchain - from monetary transactions to a complete collection of world literature. However, any such transaction must receive multiple confirmations from independent sources before it is considered valid. It is impossible to substitute or falsify records on the blockchain, since the entire system is decentralized, and this is spelled out in the Declaration on Decentralization.

The blockchain can be stored anywhere. There are special nodes of the network that store the full current version of the blockchain, while the rest of the nodes simply refer to them if necessary to check something. You can download the full version of the blockchain from open sources, and then it will be saved back to your service.

Blockchain is often compared to the internet for its ability to change the world. Nowadays people need to maintain a huge staff of lawyers, notaries, regulators, bankers and other bureaucrats in order to certify and confirm events, such as the payment of salaries or the sale of an apartment. Blockchain technology is capable of doing all their work completely automatically, thereby eliminating the very need for intermediaries.

The architecture of the TON platform has several levels of protection against attempts to establish any kind of government regulation over it.

The progress marches on and government will have to accept the fact that the Internet is erasing the boundaries. Legislation will change, adapting to the new reality.

The native cryptocurrency of the Free TON blockchain is called TON Crystal. The initial issue of tokens will be 5 billion + 0,5% annually, while, according to the project community, all tokens should initially be distributed on non-financial terms.

Most tokens have a fixed or limited emission. Their value is often related to the supply: since the number of tokens is limited, the more people want to use the service with their help, the more the price will rise. The token allows you to resolve issues with payment transfers and money storage.

TON Crystal tokens will be distributed as follows:

85% will receive a "Referral Giver" smart contract for distribution between the first users, project promoters and other network members, whose contribution to development is related to the development of the community over the project.

5% will receive a "Validator Giver" smart contract for their distribution among the network validators.

10% will receive a "Developer Giver" smart contract to attract professional developers to work on the project who will build applications on top of the Free TON blockchain.

However, we shouldn’t forget that even in such an almost invulnerable system like blockchain, there are fraudulent schemes. Scammers create websites with a similar name, and when you visit them, information about your wallet and password (seed phrase) gets to them. Keeping your seed phrase away from your wallet is the most important thing in keeping your valuables safe. There are a lot of fraudulent projects - scams (SCAM), which are created on the basis of blockchain technologies to collect money for tokens, and then disappear.

This is another advantage of the Free TON blockchain technology: all 5,000,000,000 tokens are distributed not financially, but are distributed according to a certain scheme described above.

The increase in the scale of projects and the increase in their complexity has led to the fact that reliability in centralized systems decreases, so there is a need for technologies built on the principles of decentralization.

There are:

* public blockchains – Bitcoin, Ethereum, Free TON;
* private blockchains – corporations and states;
* regulated blockchains - internet banking.

Blockchain has been actively implemented in banking systems, property rights registration systems and various government registries, supply chain management, and in areas such as digital identity, energy, voting, games, the Internet of things, etc.

One of the main features of modern society is the globalization of the economy. The ability to scale your business around the globe.

It does not matter where you are geographically, the development of network technologies, e-commerce, remote work systems implies the possibility of communication with a large number of companies and people. A new social movement that will lead people to start working and earning together.

Today we are not limited to the people of only our city or country.

Russian legislation is already changing under the new standards that have begun to be applied in the world. FAS assumes the use of the system for communication with all external commercial organizations. Blockchain is being implemented by the US government, Taiwan is creating a "smart city" using this technology. Governments around the world recognize the benefits of this system in e-commerce. The Swedish land register uses the system, transferring the entire database of plots to it.

In March 2016, a banking consortium, in which BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, Royal Bank of Scotland, UniCredit took part, announced a successful study of various blockchain systems in trading in short-term fixed income securities.

The financial conglomerate HSBC and the investment arm of Bank of America began using blockchain technology to simplify the settlement of international trade transactions.

Sberbank is trying to make the first pilot payment transactions using the blockchain technology. Sberbank's blockchain projects involve Severstal, M Video, and FAS. Also, with the help of the laboratory, Sberbank is planning the technological development of the financial industry and the digital economy of Russia. Sberbank sees the potential of blockchain for electronic document management. Technology will transform the way the industry is used.

The banking system uses blockchain technology in cross-border payments, allowing banks to optimize their liquidity and reduce costs to tens of billions of dollars.

Anyone will soon be able to use the services of different ecosystems based on blockchain technologies, reducing the time and expenses for concluding and conducting transactions with other system participants anywhere in the world.

fr:Qu’est-ce Free ton et pourquoi en a-t-on besoin ?
hy:Ի՞նչ է Free TON-ը եւ ինչի՞ համար է այն պետք
ru:Что такое Free TON и для чего он нужен?
uk:Що таке Free TON і для чого він потрібен