TON Foundation

The Open Network (TON), or simply TON Blockchain, is a public, decentralised layer-1 blockchain platform that employs the cryptocurrency Toncoin (ticker: TON) to support transactions and its decentralised-app ecosystem. TON was originally established by Nikolai Durov, who co-founded the Telegram messaging platform, and was originally explored in a technical white paper publication released in 2019. After a legal dispute with the U.S. Securities and Exchange Commission (SEC) caused Telegram to abandon the project in 2020, the application has subsequently been developed and governed by an independent, community-run body called the TON Foundation.