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An increasing number of developers, companies and entrepreneurs are entering the crypto industry in an attempt to bring something new to its markets. One such development is the TON blockchain, initially conceptualized by the creators of the popular messaging app Telegram, with a vision of building a blockchain that could handle widespread adoption and offer high-speed, cost-effective transactions. Toncoin (originally referred to as "Gram”) forms the backbone of TON's financial ecosystem, serving various functions such as transaction fees, settlements and as a stake in the network's proof of stake (PoS) consensus mechanism.
While Toncoin has been on the market for a few years, more and more crypto investors are interested in this coin, as well as the TON wallets that the platform offers. This guide explains everything you need to know about TON wallets and explores whether they’re safe to use.
Key Takeaways:
Toncoin is the native cryptocurrency of The Open Network (TON), a unique Layer 1 platform that offers a more scalable and user-friendly blockchain architecture.
A TON wallet is an integral part of the TON ecosystem, designed to manage, store and transact Toncoin. As a digital wallet, it plays a pivotal role in facilitating interactions within the TON blockchain, offering a streamlined and secure method for users to engage with the network's various functionalities.
There are multiple types of TON wallets available, such as the official TON Wallet, TON Space and the @wallet Telegram bot.