Key Points

  • Multi-chain networks
  • Millions of transactions per second
  • Infinite sharding paradigm
  • Dynamic sharding
  • Micropayments
  • Turing complete Fift programming language for Smart Contracts
  • Blockchain Interoperability
  • Instant Hypercube Routing

Does this project need to use blockchain technology?

Yes, Telegram Ton is a Blockchain of Blockchains. Their Blockchain technical specification is very different and unique compared to any other Blockchain ever implemented.

Can this project be realized and feasible to implement?

Yes, the way the Blockchain implementation is described in the whitepaper, I believe that Telegram Ton will be the next generation Blockchain.

Is there a viable use case for this project?

Yes, the Telegram community is massive about 200m users. Telegram Ton can play a crucial role in Blockchain mass-adoption.

Is this project protected from commonly known attacks?

Yes - Telegram Ton is a DAG-based Blockchain implementing PoS consensus protocol and two-thirds Byzantine consensus required before block gets commit to the Blockchain.

Is the project unique?

Yes, the technical specification of the Telegram Ton Blockchain is unique compared to any other Blockchains. They have:

  1. TON Blockchain:  A flexible multi-blockchain platform capable of passing millions of transactions per second, with Turing complete smart contracts, upgradable formal blockchain specifications, multi-cryptocurrency value transfer, support for micropayment cnels and off-chain payment networks
  2. TON P2P Network
  3. TON Storage
  4. TON Proxy: Used to hide the identity and IP addresses of TON Network nodes
  5. TON DHT: A Kademlia-like distribu hash table used - https://en.wikipedia.org/wiki/Kademlia
  6. TON Services: Enabling third-party applications to access TON blockchain through interfaces.
  7. TON DNS: a service for assigning human-readable names to accounts, smart contracts, services and network nodes.
  8. TON Payments: a platform for micropayments, micropayment cnels and a micropayment cnel network. I believe this will be a big deal for a mass-adoption.

Telegram Ton Blockchain Paradigm

Telegram Ton is a collection of Blockchains.

  1. Master blockchain: The master blockchain contains only meta-information about the protocol and the current values of its parameters, the set of validators and their stakes, the collection of currently active workchains and their "shards", and, most importantly, the set of hashes of the most recent blocks of all workchains and shardchains.
  2. Working blockchains(workchains): These Blockchains are the child to master Blockchain represen by 32 bits Id. Different workchains may have different "rules", meaning different formats of account addresses, different formats of transactions, different virtual machines for smart contracts, different basic cryptocurrencies, and so on.
  3. Shard blockchains (Shardchains): Each workchain is further divided into shardchains and identified by 62 bits Id.

Overall Opinion:

  • Telegram Ton is a solid project - the Blockchain technical specification is unique.
  • With horizontal and vertical scaling combined with infinite sharding paradigm, Telegram Ton will likely be able to achieve the highest TPS in the blockchain history.
  • Telegram Ton can be one of the most critical projects to contribute to the blockchain mass-adoption.

References:

https://test.ton.org/

Whitepaper: https://test.ton.org/ton.pdf