TON (The Open Network) is a decentralized layer-1 blockchain developed by the Telegram team and later handed over to the open-source community. The network was designed to offer fast and scalable transactions, making it ideal for micropayments and decentralized applications (dApps). TON also integrates multi-chain capabilities, enhancing interoperability across various blockchain ecosystems.
TON’s blockchain architecture is built on a flexible sharding mechanism, allowing it to process millions of transactions per second. The key feature of TON is its ability to support multiple parallel chains, making it scalable and highly interoperable.
In addition to its lightning-fast transaction speeds, TON supports smart contracts, decentralized storage, and a user-friendly interface for dApp developers. TON has achieved several milestones, including the launch of its native token (TONcoin) and the introduction of decentralized finance (DeFi) tools within its ecosystem.
NB: For TON transfers, Cryptopay supports the TON network only. All the funds sent via other networks will be lost forever.
In compliance with the Financial Promotion Act which came into force on 8 October, 2023, at 8 AM UTC, some account functionality is temporarily limited for the Cryptopay customers with verified UK residency.
Check what services are available: Service availability in the UK
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