Blockchain Layer
Platform: TON (The Open Network) blockchain
Advantages: High speed, low transaction cost, scalability
Smart contracts: For token management, airdrops, and participatory mechanisms
Monster uses The Open Network (TON) as its main blockchain infrastructure. This choice was made due to TON's outstanding capabilities in terms of scalability and transaction speed. The TON network, with its ability to process millions of transactions per second and a transaction confirmation time of about 5 seconds, provides a suitable platform for Monster's fast and efficient financial services. Additionally, the very low transaction fees in TON minimize operational costs for Monster users.
Monster utilizes TON's smart contract capabilities, written in the FunC programming language, to implement its main token and create non-fungible tokens (NFTs). These smart contracts enable the provision of complex and secure financial services. TON's Proof-of-Stake (PoS) consensus mechanism ensures network security and efficiency, while its distributed validation system enables fast and reliable transaction verification.
To interact with the blockchain, Monster uses TON APIs and employs TON-compatible wallets such as Tonkeeper or TonWallet for secure storage of users' digital assets. TON's multi-layered architecture and sharding capability provide the possibility for further expansion and scalability in the future. These features allow Monster to maintain optimal performance as the number of users and transaction volume increase.
Using the TON network also allows Monster to develop decentralized applications (DApps) and decentralized financial services (DeFi) on this platform. This paves the way for further innovations and the provision of more diverse services in the future. Finally, leveraging TON's advanced security mechanisms and strong encryption ensures the security of Monster users' data and transactions, which is crucial for a financial platform.
Last updated