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Review on Everscale by gregori cordova

Revainrating 5 out of 5

A truly decentralized platform whose vision is to create a Better world through the blockchain

The Blockchain environment that began as a revolutionary technology a little more than a decade ago, has had unstoppable growth in recent months thanks to increasingly innovative projects that seek, among other things, the very valuable Decentralization that is usually seen in this ecosystem. Personally and after being a participant in several blockchain projects recently, I have no doubt that Free Ton is one of those projects that needs to be paid a lot of attention because according to my experience investigating more about the entire ecosystem, it seems to exceed the limits of decentralization such as we know now and in this review we will see why I say this.



The Origin of TON



Most of us perhaps know the intentions of the Telegram company to launch its own blockchain network, which is why it had an income from investors of more than 1.7 billion dollars, which they had to return, because the United States Securities and Exchange Commission (SEC), accused the project of violating the securities laws of that country by making that initial offering and affirming that the tokens of that project were unregistered Securities. After all that scandal , a community of validators independently manages to maintain that blockchain network and not throw away all the work they had been doing, but turning the entire project into one of the most amazing social experiments in terms of decentralization. that there is so far in the world of cryptocurrencies. In this way, free Ton was born on May 7, 2020.

Let's go to what we came



I am talking about how amazing this project seems to be because among other things It is a totally community-driven project, No one legally owns or directs the project and above all it has not been sold nor do they plan to sell a single token! . I must say that I did not understand this very new and strange concept very well, but there are too many unusual things in this project and that is one of them. The main reason for that decision is not only to distribute its tokens in contests and DAO’s promoted by the community and that help to update and empower the network, but also to keep the SEC on the sidelines. During the past year, the project distributed a large number of TON crystal tokens to more than a hundred initiatives and contests held in which people from all over the world could participate. These initiatives are a kind of airdrops in which free ton users are rewarded for their contributions to the ecosystem. These collaborations can be: the development of web platforms such as blogs with news about the project, reviews on different platforms (as all Revain users are doing in this contest) or the development of technologies that contribute something positive to the immense ecosystem that is you are creating with free ton. These contests undoubtedly help to maintain an enthusiasm in the community and contribute to a more democratic and healthy system, allowing the tokens to reach a large number of users.





Technology behind the project



First, you have to start by saying that all the technology and the developments and advancements in the TON Blockchain come from a group of Ton Labs developers whose CEO is Alexander Filatov. His system of governance by position is based on POS, which is usually more efficient and more democratic than other existing systems. The main technological arm of the ecosystem is called Ton OS, which helps developers to work in a simple way, making the blockchain more dynamic and intuitive. Today there are more than 450 validators around the world that guarantee that no entity controls a large number of nodes and tokens that have not yet been allocated are kept in multisig wallets that are not available to everyone. There are many advances in technology that this Blockchain has, just to name a few:

They have several wallets, the main one is a web wallet that can be downloaded directly from the web store and of which we will talk in more depth in another review and another that caught my attention is a mobile wallet called Ton Surf that has a clean interface and intuitive, extremely easy to use for any user, in which not only free Ton tokens can be stored but also serves as a means to keep in touch with your acquaintances in a safe way, since it allows you to send messages that are not monitored by nobody else.

One of its latest developments and that I consider extremely timely is the new second layer solution that Ton brings to offer to users, since it allows linking the Ethereun Blockchain with Ton's, giving much more scalability to the ecosystem and making it possible to send from a network that currently charges very high commissions, at one with almost zero commission costs. This new Free Ton bridge is an ideal solution for decentralized finance and will work through Bridge tokens, with which anyone who owns these tokens can vote and have power in and have a voice in the decisions that affect the ecosystem, being adequately rewarded for this by accumulating 100,000 Bridge tokens



What has been achieved so far and what is it intended to achieve?



We all already know how unstoppable and convulsed the crypto environment is right now with so many advances, but it is rare to find so many in a single blockchain. and it is that Free Ton is doing a titanic task to spread its use in more and more users. From its first year, according to its roadmap, it consisted of making sure that the network worked according to its plans, at the same time as the governance system, something that has been achieved perfectly. For the second year, mass adoption was really intended with many use cases for the network, with which, in addition to all the technological advances, many contests and promotions have been made to reward users who contribute their ideas, opinions and proposals to the network .





Free Ton is practically a project that was born from the ashes, and in just one year it has become one of the most important social experiments in the cryptographic environment. As more and more users, enthusiasts and even skeptics get to know and explore more about cryptocurrencies and the blockchain, Free ton hopes that with all the promotions and contests that are currently being done, attract a large number of users and that it be a golden opportunity that provides all the services that the blockchain currently offers in a single ecosystem that seems to exceed the limits of Decentralization.





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Pros
  • The distribution of tokens by meritocracy is one of the most relevant attributes of this project, which continues to echo throughout the cryptographic environment.
  • One of the most valuable attractions of the bridge ( BRIDGE ) is that once the assets are removed from the ETH network they can be sent at a higher speed and at a much lower cost than in the main network
  • To commemorate one year of its market launch as a mainnet, a large number of contests are being held that seek to reward users who contribute their ideas or simply give their opinion on the project in the form of reviews, blogs or creation of web pages .
  • Work is currently underway to implement DeBot technology from the Ton blockchain that seeks to break ties with the already criticized internet cenzorship
  • Unsurprisingly, the project has also joined the NFT boom, thanks to one of its many sub-governance groups that are doing promotions across the crypto environment to excite and encourage many artists to create the first NFTs of the platform .
Cons
  • There is a big difference in the ranking of the project in coinmarketcap and coingecko
  • Despite the great growth that many cryptocurrencies have had in their wreck this year, Ton criytal has remained stable and has not exceeded the value it reached at the end of 2020