free ton blockchain The Free TON Blockchain: How it is helping to increase the PoS adoption rate?

[Whited35 15285]

Today, a growing craze in Proof-of-Stake (PoS) chains can be seen due to their wide range of advantages. PoW blockchain networks have the major scalability and notorious 51% or majority attack problem from the malicious miners. The PoS is created as an alternative to PoW in which the mining power of a miner on the blockchain is determined according to his PoS coins to validate the transactions that mean higher the staked coins higher will be the mining power of a miner on the blockchain network. So there are no risks of 51% attack for bigger PoS blockchain networks as malicious miners need to have a 51% stake in cryptocurrency and it is difficult to have such an amount of valuable digital currencies. So a miner will be focused to secure the blockchain and it will not be his intention to acquire a 51% stake because if the price of cryptocurrency falls in the cryptocurrency markets, the value of the miner’s holdings also falls. 
Ethereum (Proof-of-Work(PoW) based) developers are going to upgrade to Proof-of-Stake (PoS) protocol as the long-anticipated Ethereum 2.0 was launched by starting Beacon Chain on Dec 1st, 2020.
Ethereum’s PoW blockchain has common problems related to speed, scalability, and the network’s efficiency. It is said, ETH 2.0 will be capable of overcoming all the persisting problems on the current blockchain networks and a full upgrade process takes place in multiple phases. The Crypto Communities of other PoW blockchain networks are also discussing the protocol change.

 

Advantages of the PoS:
There are so many benefits of PoS consensus algorithm-based blockchain networks and some important advantages are mentioned as follow:

• Indisputable energy cost-efficiency
• PoS eliminates the risk of notorious 51% attacks by a monopoly mining share
• No expensive and complex hardware adjustments are needed
• PoS requires less computing power than PoW

 

Challenges facing by PoS-based blockchain networks: 

• Low liquidity
• Possibilities of the Bribe Attack
• Bigger whales can be the biggest risks
• Key stakeholders could create the monopoly

 

In PoS blockchain space in the crypto world, this article attempts to cover a reference of fast-growing decent PoS blockchain networks: Free TON as the references.

 

Free TON PoS Blockchain Network:

Recently, a ground-breaking decentralized blockchain technology Free TON came into contrast with genuine concepts. Telegram abandoned TON project was revived by picking out the best built open-source blockchain codes by an independent group formed by users, tech-savvy software developers, and users so it is known as FreeTON PoS blockchain now. This is the future technology of blockchain, already with us. Free TON is different and not the same as the originally created TON blockchain from the Telegram team as no pre-existing chain exists on Free TON. 
It can handle massive millions of transactions per second (TPS) with incredibly very high scalability(Theoretically up to infinity) facilitated by advanced blockchain architecture (multithreaded sharded architecture). The Free TON is only one blockchain on the production with features like dynamic sharding or multithreading features. You can check the following diagram for the other features.

These all features have helped the blockchain to be a fast, the most secure, tightly coupled, and highly scalable blockchain network with higher working efficiency. 

It is self-governed and no central authority to control the activities there is a primary document to govern the Free TON community known as DOD. There is a huge community to advance the project. Free TON developers have created the system to allow community members to vote and based on the more than 51% voting results in favor, required changes are made on the blockchain network by the independent members who have signed on the initial document of Free TON i.e. DOD. 

It gives fair opportunities to everyone to get involved in the project with no restrictions or dominations at all. In fact, after Telegram announced the shutdown of the TON project, millions of users were affected and the community formation of the Free TON blockchain was done by independent members from different parts of the world. Only when a technology directly facilitates human life, its effectiveness reflected. This Free TON project is directly supported by the current generation and the public. Currently, interested members are utterly free to join the Free TON community in order to contribute to the growth of networks so the number of members in the Free TON community from different parts of the world is increasing rapidly day by day, which gives the impression of increasing attraction towards the project. It can be supported by so many decentralized organizations for various purposes. 

 

The most notable real-world applications of the Free TON blockchain network:

There are so many real-life use cases of this next-generation blockchain network so few of them are as follows:

• Due to massive scalability, the Free TON blockchain can be the best answer to solve any sorts of problems that are persisting in the traditional financial systems. Almost all kinds of industries and governments can get benefits from Free TON due to the following reasons:

1. Handles millions of TPS and the new blocks are formed every 0.2 sec. You can also check TON Live.
2. Fewer transaction costs(below $0.01 worth of TON Crystal).
3. The easy-to-use interface has made things possible to navigate the Free TON ecosystem effectively. You can check so many supported DeBots from the Ton surf so private organizations, the IT sector, the Government, and users from all around the world can get benefits from it. 

• Traditional voting systems have notorious demerits like booth capturing, voting manipulations, and delays in voting results, etc. so Free TON blockchain can have the real use case for the transparent, dependable, faster, and widely accepted blockchain voting solution for the faster voting results. 
• There is a special TON OS to act as the heart of the Free TON blockchain and TON OS is created to increase the adoption of this blockchain technology. 
• Free TON allows the bridges with other blockchain networks to communicate; it means it has the potential to be a unified blockchain of all scattered crypto-communities. 
• Free TON developers have created Ton surf that is more than just a cryptocurrency wallet. Ton Surf has top-rated security with advanced state-of-the-art encryption to protect users' sensitive data. It allows users to interact with DeBots, cast the votes, send or receive TON Crystals and private messages, staking, and blockchain browsing which means a wide range of services can be provided by integrating the system with the blockchain. 
• Free TON is created for decentralized computations which means it is more than just a token transaction and arbitrary data sharing medium. It has opened the doors for endless possibilities.
• The native token TON Crystal of the blockchain can be used to sell, hold, stake, and trade as it has so many use cases. It can also be used to purchase goods in online shopping stores.
• Free TON comfortably allows the DeFi applications as it allows so many DeBots to navigate the blockchain.

 

There is utterly a fair way for the distribution of TON Crystals to the community. The project has never raised funds from ICO to sell TON crystals like other projects did to distribute their tokens to the members. TON Crystals are being rewarded to the community members. Currently, community members create contest proposals, determine the cost for the contests, voting is done to pass or reject the contests. In the active contests, everyone can take the part and jurors vote to select the winners, and TON Crystals will be distributed. Many tokens (85% of TON) will be distributed via Referral Givers & it will be responsible to distribute a large amount of TON (85% of the tokens). Tokens are distributed in a very transparent manner without any discrimination. This genuine model is adopted by Free TON which seems to be very effective. There will be an airdrop to distribute tokens but full decentralization is expected for that purpose. 
Clearly, decentralization is a key to increase the adoption of blockchain technology as it helps to prevent the control over the network from the central entity, and also decentralization helps people to trust in a blockchain that will eventually inspire networks to be secure, reliable, and dependable with high efficiency and Free TON is the best example here. 

 

The reasons why Free TON can go for a mainstream PoS blockchain technology mass adoption trend:

These all are the key reasons which indicate Free TON can go for a mass adoption trend:

• The Free TON, as fifth-generation blockchain technology, has the capability to bring revolutions in the blockchain industry.
• Free TON allows NFT creation as there is a WaifuTON NFT collectible and the marketplace. 
• The Free TON is itself a decentralized and backed infrastructure to allow the functioning of real-world applications. There are already more than 26 projects which have made partnerships with Free TON for more use cases.
• It is designed to allow interoperability between the other blockchains. There is already a fully workable Free TON — Ethereum bridge to exchange the liquidity and also the constructions of other bridges with the Tezos and Polkadot are on the way. 
• Human beings by nature seek freedom so the modern Free TON blockchain is created to give financial freedom to everyone. As you can see Free TON has no CEO or central entity to control everything. This project has a large Free TON community where community members vote for the changes. If more than 50% is in favor, protocol change or proposal implementation will be made. 
• Free TON supports various DeFi products as some DEXes are on the way to beta launch in 2021. 
• Free TON blockchain has vast more improved features as it is safer from the majority or 51% attack and PoS is generating the new blocks.
• No expensive hardware setups and huge power consumptions are required like PoW blockchains from the previous generations do. So it is also eco-friendly and it is not responsible for carbon emissions.

 

You can check the Free TON’s full three-stage roadmap here.

 

Free TON is itself a high-tech blockchain with so many exceptional features. Also, Free TON can not have forks and double spending is not possible. Polkadot can be the best candidate to compare with the Free TON blockchain and a comparison is here. 

 

Conclusion
Truly decentralized blockchain Free TON has the power to bring a mass adoption trend for real-life applications. There are some challenges to face by PoS blockchain networks but the decent next level’s PoS project like Free TON has the potential to eliminate most of the limitations. Along with the leap forward in technology, it has a far-reaching significance. Additionally, developers having the best blockchain expertise are working hard to create the best blockchain architecture. Due to the enhanced security, low latency, scalability, and decentralization from the PoS blockchain network the adoption rate of PoS is looking to increase. It is said that just as the rays of the morning sun indicate a bright day, so the Free TON indicates a beautiful future of PoS blockchain technology.

 

[CryptoLegendry 505]

I really like the Ton Coin Project! I got to know about this coin project through the Bounty campaign that the founders set up here in this forum! There are also some notes I read about Ton!
So that
Ton Labs announced that it will impose very low costs on conversion and that it will compete with other digital currencies.

I think investing in such a project is a good thing! What is your opinion ?

Edited March 22, 2021 by CryptoLegendry

[Jack764 1841]

I did not expand this project significantly, but I liked the idea of dividing work between people and that any new project at the beginning would be strange, but then it would be transformed and approved.

[kryptonick 2659]

First of all congratulations on the top review I have read in this forum, and it is probably one of the top articles I've read lately in all crypto media.

About the project Free-TON while I don't know much, except that it has a lot of dedicated members in the community that work together towards the common goal which is adoption. I am also lately becoming more PoS friendly as when weighing the pros and cons between PoS and PoW, I think that the environmental issues of an ever-growing PoW network will be too much. It also seems that PoS is practical and more efficient while lowering the cost to a minimum and not losing in decentralization from PoW models.

[Whited35 15285]

15 hours ago, CryptoLegendry said:

I really like the Ton Coin Project! I got to know about this coin project through the Bounty campaign that the founders set up here in this forum! There are also some notes I read about Ton!

It is decentralized, co-developers were there but yet, no CEO or central entity as it is mentioned in topic. It is our project as we all community members have the rights to upkeep this latest blockchain technology. Keep tracking this topic, I will be updating this thread regularly to share more opportunity for you guys. In order to invest in TON Crystal, it hard to deliver the advises here but the token as a huge scopes and the use cases. You can check  CMC😊. 

9 hours ago, kryptonick said:

I am also lately becoming more PoS friendly as when weighing the pros and cons between PoS and PoW, I think that the environmental issues of an ever-growing PoW network will be too much. It also seems that PoS is practical and more efficient while lowering the cost to a minimum and not losing in decentralization from PoW models.

Gratitude for your constructive reviews. I am just a medium here, moderators have also assisted me and I can not overlap their contribution to create this sort of topic. Free TON is actually the project launched by the community so it was required to make a long and detailed reviews on Free TON and eventually this article is created. Actually, Free TON is the advanced 5th generation blockchain and incredibly helping PoS adoption trend to grow up😉. 

[abohasnn9 2401]

Dear in general, the financial blockchain system in general is generally based on being a financial system that is considered the mediator between members in a form, and more importantly than this mediation with miners. They understand the link between them, earning, trust and safety for everyone safely. Thank you very much.

[Whited35 15285]

1 hour ago, abohasnn9 said:

Dear in general, the financial blockchain system in general is generally based on being a financial system that is considered the mediator between members in a form, and more importantly than this mediation with miners. They understand the link between them, earning, trust and safety for everyone safely. Thank you very much.

It is not quite clear, what is your opinion for the mainstream matter of this topic i.e. Free TON a latest fifth generation blockchain technology and increasing usecases and adoption trend of PoS blockchain network over the PoW blockchain networks like Bitcoin , Litecoin, etc. Are you just concerned to understand blockchain is a financial tool ? 

[Alex077 16061]

Great article about the Free TON project, one of the best I've read.
Congratulations, I think we will do another contest to publish the best articles in the top media, and your article will be among them.

[Whited35 15285]

5 hours ago, Alex077 said:

Great article about the Free TON project, one of the best I've read.
Congratulations, I think we will do another contest to publish the best articles in the top media, and your article will be among them.

Respect for your kind words and helps from the beginning 🙏. Actually I have been following this project for a long time and I was checking the technical aspects of this blockchain. Without being skeptical, it has the vast improvements to tackle with the real world challenges. At least, I tried to cover some of them in this article by maintaining language to make it understandable to any sort of readers. 

[Whited35 15285]

13 hours ago, Tesla said:

Really great information. This has a lot of information about Tron and the power it has. It'll be really good especially when crypto is adopted and used as a payment system online in all businesses. Using Tron will help so much in bypassing all the charges we incur when paying for good and services

Friend, I have not created this topic for TRON ! Tron and Free TON are utterly different project however, both of them follow the PoS protocol to generate the blocks. Free TON is far more advanced than TRON blockchain network and I ask you to read the article deeply to get the crux of matter. I am sure, you have not read the whole texts. 

[Alex077 16061]

 

                               Winner of Rree TON Article Contest

[Whited35 15285]

18 hours ago, Rose77 said:

I have not read a clear and understandable publication like this one for projects that depend on the division of labor between people. It is good because it reduces time and effort and increases the returns for all parties, but you have to be confident of the people with whom you work and that they are able to accomplish the work entrusted to them.

Carefully read the article, it does not steal your more than 5 minutes. Once you carefully read it, I am pretty much sure you will have the ideas about Free TON blockchain network. I have cared so many things to make the article understandable to any sort of readers. If you face a hard time to understand, you might ask the questions here. 

[selfmade 7]

I think this POS is more advanced than POW, but the risks it comes with are bigger, in my opinion I find POW more secure and reliable than POS, the disadvantages you mentioned scared me off.

[selfmade 7]

On 4/22/2021 at 8:26 AM, Awais Akram said:

I didn't extend this task altogether, yet I preferred splitting work among individuals and that any new venture toward the start would be weird, however then it would be changed and endorsed.💯

By splitting work among individuals you mean proof of work or POW right? well even POS is based on splitting work among individuals which make up the increasing of supply of any coin, but like you I thin this new venture proof of work is kinda weird, as I do not think staking proves anything, looks like a lie even though it is true, so it sounds vulnerable to attacks.

Edited April 23, 2021 by selfmade

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53 minutes ago, selfmade said:

but like you I thin this new venture proof of work is kinda weird, as I do not think staking proves anything, looks like a lie even though it is true, so it sounds vulnerable to attacks.

Can you elaborate it properly? Content that you have just quoted is paraphrased and irrelevant to the topic  itself and I am facing a hard time to detect the direction of talking in your post as well. Staking is done to secure the blockchain as there will be separate mechanism to put extra value in the native mainnet tokens. If you have performed more researches on Free TON blockchain network, it will would be clear. 

[Mohammadnour 1372]

This information is a lot and useful as well, I think that the blockchain is a very good thing because it is through it that cryptocurrencies are documented and because of the blockchain, cryptocurrencies can be more secure and not be forged, and this is a good thing.

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14 hours ago, Mohammadnour said:

This information is a lot and useful as well, I think that the blockchain is a very good thing because it is through it that cryptocurrencies are documented and because of the blockchain, cryptocurrencies can be more secure and not be forged, and this is a good thing.

Are you familiar with the Free TON blockchain ecosystem? If not, you can visit a special topic created on this forum where we are sharing so many posts to help the community. If you are interested on the Free TON blockchain network, first read this topic and care to visit this thread: https://cryptotalk.org/topic/307796-ann-free-ton-proof-of-stake-blockchain-network/