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TON Foundation Launches TON Storage, Decentralized File-sharing Solution
The Ton Foundation, a non-commercial organization behind TONCOIN, has announced the launch of its TON Storage, a decentralized file-sharing and data storage solution. The Ton Storage is developed similarly to the Torrent file system, which encompasses peer-to-peer technology, but runs on the Ton open blockchain. As such, the TON developers anticipate taking head-on projects like Filecoin and Storj.
Inner Workings of Ton Storage
The Ton network, a proof-of-stake blockchain developed by Telegram Messenger founders, has grown to a billion-dollar ecosystem in a few years. The Ton Storage is expected to help user store files of any size on the decentralized Ton network.
Notably, TON Storage will use financial incentives with the help of smart contracts on the blockchain. As such, users will be guaranteed security and the ability to share with other network users freely.
“A node operator and a user create
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