Institutions
About Wrapped TON Crystal (WTON)
The TON Crystal (TON) token is native to the Free TON blockchain, and WTON is its Ethereum-wrapped version. Free TON is a smart-contract platform based on Telegram's now-defunct TON blockchain project. The network employs a scaling technique called sharding that partitions storage and processing activities between smaller groups of validators. This process results in higher throughput and lower transaction latency when compared to other blockchains.
Free TON uses the Proof-of-Stake (PoS) consensus mechanism and supports application development using various computer coding languages like C, C++, and Solidity. Participants on the network can use TON Crystals to cover transaction fees or staking as a means to secure the network and engage in voting on governance proposals.
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Wrapped TON Crystal Cryptopedia articles
The Open Network: FreeTON, TON Crystal, & Wrapped TON
Cryptopedia Staff • 5 min read
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