Based on a recent report, the creators of the Telegram Open Network (TON – Open Network Telegram) revealed more detailed information about the features that will be available in the lightweight client model of the future software platform.
Developers of the Telegram application, which provides encrypted messaging, as well as developing the TON blockchain network, have published a statement hinting that the TON platform will compete with the top blockchain platforms Ethereum 2.0 and the interoperable blockchain platforms Polkadot and Cosmos.
In terms of market share, registration of new users and development groups, it is expected that the TON platform will compete with Cosmos and Polkadot ,. The fact is that in 2019, the fast-growing blockchain ecosystem becomes competitive, as software developers around the world work to create secure and scalable networks.
The TON platform will be attractive for new customers, because it has more options than Cosmos and Polkadot. Currently, no crypto network has 300 million active users, since most of them, including Ethereum (ETH), have scalability problems. Many of these blockchains face difficulties in attracting and retaining new customers, since they are not able to conduct transactions in large volumes.
In addition, in order to create a more scalable cryptoplatform, many software architects believe that instead of the energy-intensive work proof protocol (PoW) used in the Bitcoin network and Ethereum, it is necessary to use the consensus proof of ownership (PoS) algorithm. Platform-based platforms, such as Cosmos, Polkadot, and the future Ethereum 2.0 network, are based on a certain form of the PoS consensus model.
Different PoS protocols are used to achieve higher performance, as in existing PoW networks, for example, Ethereum and Bitcoin, which can process 7 and 15 transactions per second (TPS), respectively.