Institutions
Institutions
Wrapped TON Crystal Price
About Wrapped TON Crystal (WTON)
Store Wrapped TON Crystal
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.
Token
WTON is the Ethereum-wrapped (ERC-20) version of TON. WTON holders can exchange their assets 1:1 with the native TON token via the ton bridge. TON can be used to pay fees to TON validators and by validators to stake and become eligible to generate blocks on the Free TON blockchain. TON also serves as a governance token to vote on proposals for the Free TON blockchain.
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