What is the TON20.Ordinals?

What is TON20?

TON20 is the TON inscription token protocol, which is responsible for standardizing the inscription token protocol. Anyone can deploy his tokens, mint tokens, and trade tokens on TON20.

TON20 makes token creation and management accessible to everyone. A user-friendly and accessible interface and standardized allows anyone to deploy, mine and trade tokens on TON20.

TON20 is built on the TON, which boasts unparalleled speed and scalability. This means that TON20 tokens can be used for a wide range of applications, from simple payments to complex DeFi protocols.

The TON20 protocol has developed a set of convenient and fast indexes based on TON and a standard for saving gas fees. Each event will use hexadecimal to permanently store information in the text comment, and each data will be stored on the chain to complete the information that cannot be tampered with.

The use of hexadecimal data storage ensures that all information is tamper-proof and transparent. This can help to build trust and confidence in blockchain applications.

The TON20 protocol is designed to scale to meet the demands of a growing number of users. This will help TON20 to grow rapidly, evolve and attract new users and developers.

First token in the TON20?

NANO is the first token in the TON20 ecosystem.

Tonano - service for creating blockchain inscriptions inspired by Bitcoin Ordinals and using the TON20 token standard on the TON blockchain.

NEWS:

Early last week on the TON blockchain, the introduction of a protocol inspired by Bitcoin Ordinals caused a flurry of activity on the TON, leading to delays in transaction processing.
The recent network slowdown was attributed to insufficient hardware resources allocated by certain validators. Their failure to anticipate potential load growth resulted in significant performance bottlenecks once activity increased by 50-100 times in a short timeframe. In response, a patch has been deployed and stricter penalties will be enforced against validators experiencing performance issues in the future.Report
https://twitter.com/Ton_scription/status/1732751326873026951?s=20

TON20 vs Bitcoin Ordinals

Comparison of TON-20 and Bitcoin Ordinals

Thank you for reading, I hope you found this information useful. Subscribe and click on the article's minting. Thank you!

More from Alex Obchakevich

Cover image for DeFi lesson: 1inch resolvers

Alex Obchakevich

Jun 7

DeFi lesson: 1inch resolvers

Lesson Structure: 1/ Resolver Incentive Program 2/ Earn rewards by staking and delegating 3/ Modular Delegation 4/ Resolution 5/ Resolvers 1/ Resolver Incentive Program Resolvers Resolvers are algorithms that determine the best paths and strategies for exchanging tokens and providing liquidity based on data about available liquidity pools on different exchanges. They play an important role in optimizing trades and minimizing risk. Through the Resolver Incentive Program, users who provide liqu...

Cover image for DeSci can revolutionize insulin access and affordability / BionicDAO

Alex Obchakevich

Feb 6

DeSci can revolutionize insulin access and affordability / BionicDAO

This article is a follow-up to BionicDAO: Rethinking Healthcare Through Decentralized Science. My goal is to explore this topic in more detail and give you food for thought on the direction of decentralized science and how it can change the field of health care. Let's first understand what insulin and DeSci are: What is insulin? Insulin, produced in the pancreas, is an important hormone that unlocks the ability of cells to obtain sugar (energy). Originally derived from animals, it is now...

Cover image for How to solve the problem of connecting MetaMask to 1inch

Alex Obchakevich

Aug 3

How to solve the problem of connecting MetaMask to 1inch

Many newbies face a problem when connecting their wallet to 1inch, they can't find MetaMask. What's the problem? The problem is a conflict between two wallets Metamask and Phantom. If you use Chrome browser for example, then having two of these wallets, only one will be available when you connect. Sometimes it happens that you want to connect Phantom and you have Metamask connected, this causes confusion. How to solve this problem? I would suggest using not only Chrome, but for exam...