The Open Network (TON)

What is The Open Network (TON)?

The Open Network (TON) is a **high-performance, layer‑1 blockchain** originally developed by the Telegram team and now maintained by the TON Foundation. After Telegram officially exited in 2020, the community revived TON—launching mainnet in late 2021—and it now operates as a **dynamically sharded, Proof‑of‑Stake (PoS)** ecosystem with deep Telegram integration :contentReference[oaicite:1]{index=1}.

TON’s architecture is built around a **masterchain** and up to **2^32 workchains**, each further segmented into **up to 2^60 dynamic shards**, enabling horizontal scaling to support millions of transactions per second without compromise :contentReference[oaicite:2]{index=2}. :contentReference[oaicite:3]{index=3} :contentReference[oaicite:4]{index=4}.

As of mid‑2024, TON surpassed **$773 million in TVL**, processed over **4 million daily transactions**, and attracted more than **1 million daily active wallets**, driven largely by Telegram-based mini-apps and clicker games :contentReference[oaicite:5]{index=5}. :contentReference[oaicite:6]{index=6} :contentReference[oaicite:7]{index=7}.

Built-in services enrich TON’s ecosystem:

• TON DNS & Sites: human-readable addresses and decentralized website hosting :contentReference[oaicite:8]{index=8};
• TON Storage & Proxy: distributed file storage and privacy layers :contentReference[oaicite:9]{index=9};
• TON Payments: off-chain micro‑payments with instant settlement :contentReference[oaicite:10]{index=10}.

With **Toncoin (TON)** serving as the native asset—used for fees, staking, and governance—and **TVM smart contracts** coded in FunC, Tact, or Fift, TON delivers robust tools for dApp and service builders. Its integration into Telegram via TON Space and in‑chat wallets gives it unmatched mainstream reach :contentReference[oaicite:11]{index=11}.

Integration with Cryptoworth

When Cryptoworth integrates with TON, teams benefit from automated subledger support across complex workflows:

• Transaction tracking: Toncoin transfers, token fees, shard splits;
• Staking and validator rewards—including delegation, slashing, and income;
• Service usage: TON DNS registration, Storage, Proxy, and Payments;
• Bridge inflows/outflows via stablecoins or Telegram wallet interactions.

Cryptoworth converts these events into structured journal entries—allocating cost basis, categorizing income or expense, and exporting reports for QuickBooks, NetSuite, ERP, or GL systems—ensuring **audit-ready clarity for multi-shard and service-enabled operations**.

Learn More

• TON Whitepaper
• TON Ecosystem Report (March 2025)
• TON Network Metrics on TonStat

Frequently Asked Questions

How does TON handle scalability and performance?

TON uses a **hierarchical sharding** model: a masterchain controls multiple workchains, which dynamically shard as needed—supporting theoretical TPS in the millions. In practice, TON routinely handles **millions of daily transactions** with near-instant finality. Cryptoworth captures operational data across shards, converting them into timely ledger entries. Learn more on our Crypto Accounting Software page.

Can Cryptoworth track TON service usage like DNS or Storage?

Yes—each usage event (e.g., DNS registration, Storage uploads, micro‑payments via TON Payments) generates a Toncoin transaction. Cryptoworth logs these as **service fees or asset movements**, identifying them as service-expense or income. The data feeds into GL exports—extending our Crypto Audit workflows.

Does Cryptoworth support staking and reward tracking on TON?

Absolutely. TON uses PoS with validator groups rotating monthly. Cryptoworth records staking delegations, reward payouts, slashing events, and validator group rotations. Income is allocated per period, cost basis and staking expense are recognized, and full subledger reports are generated in line with our Accounts Receivable Automation Software process.