Main terms
Go through the dictionary and pick up the terminology. You will often come across these words when using Free TON.
Catchain
It stands for catch-chain, that is, blockchain with a catch. A template for reaching consensus in the form of a protocol.
It takes place in 3 stages: selection of validators, launching a session, conducting several rounds of block generation.
Due to the random selection of validators on each round, it significantly reduces the likelihood of their collusion and targeted actions to distort information in the block chain. Analogs – Algorand, PBFT, Tendermint.
Crystal
Cryptocurrency, using in Free TON ecosystem to pay commissions and rewards to validators. Its price is formed in the market according to the balance of supply and demand.
A total of 5,000,000,000 crystals were produced. The annual increase in quantity as a result of mining is 2%.
More than 80% of the coins will be received by community members for contributions to development, design, advertising and other activities. The remaining 5% the best validators will get, who won the competition for providing reliable nodes. Another 10% will go to developers for their further work on the code.
Buy TON Crystal like any cryptocurrency: on spot markets or in exchange services.
DeBot
Decentralized bot. Interface for interacting with the Free TON smart contract. The increase in the number of such applications will allow users to interact with the blockchain for any need.
The TON Surf wallet is open to suggestions from developers to add their DeBots to their environment.
DePool
Decentralized pool. Acts as a validator in the Free TON ecosystem. The pool can connect to itself funds of ordinary users – "nominators" for collaboration.
The presence of an extension for the Chrome browser and TON Crystal wallet allow you to place TON crystals for staking in a couple of clicks, and receive a reward in real time.
Check out the complete list of DePools.
Fifth
A programming language designed specifically to interact with TVM (TON Virtual Machine) and its blockchain.
SMV
Soft Majority Voting – flexible voting to select the majority opinion. The results are open for viewing by other members of the community.
SMV logic is based on assessing the difference between pros and cons. For example, if 33% voted in favor and 0% voted against, the vote will end prematurely, since the ratio is significantly greater. If everyone votes, the system will choose the result in the classical way, where there is a majority of votes (50% or more).
TON
Telegram Open Network is the name of the original project of Pavel and Nikolai Durov. When the system went free floating, and began to be managed by a decentralized community, it received the prefix "Free".
TVM
TON Virtual Machine is a virtual machine of the Free TON ecosystem that executes smart contract code.
Workchain
Working blockchain. The second level in the TON Network blockchain hierarchy, after the masterchain. Participants can launch their own workchains, issue their own tokens on them, endow them with unique properties, address types and transaction processing rules. Must comply with the rules of compatibility with the main chain – masterchain, because the final block validation depends on it.
Masterchain
The main blockchain of the Free TON network. It stores records from all workchains and their shardchains, data about each block. Validators place their stakes and sign blocks on the masterchain to ensure consensus.
Being sharded, the Free TON ecosystem provides the ability to overwrite and reject some blocks, even after they are included in the main chain. This provides a high speed of transaction processing, maintaining the validity of the masterchain, without requiring rollback to its previous states.
Instant Hypercubic Routing
The ability of shardchains to exchange information directly, although they are located in different branches of their workchains.
Infinite Sharding Paradigm
Depending on the activity of the accounts, their load on the network is evenly distributed by grouping them into account-chains. They are then joined to separate shardchains and then combined up the hierarchical chain.
The method distinguishes the Free TON blockchain from typical sharding of the master chain, when its fragments are divided into parts horizontally.
Sharding
Fragmentation of information to speed up its processing and interaction with it. Applies to blockchain: allows for a stronger decentralized network, reduced memory footprint and easier validation.
Free TON uses dynamic sharding. With increasing load, shards are more actively broken into parts. Decrease contributes to their return to their previous state.
Shardchain
One of the fragments of the workchain, which was divided into shards. There can be many shardchains, but each must comply with the rules of their workchain.