Tokamak Network (TON) price, chart, coin profile and news
Find the latest Tokamak Network (TON) price, coin profile, news and history to get you started with Tokamak Network trading and investing.
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What is Tokamak Network?
Tokamak Network is a decentralised Turing-complete plasma chain focused on scaling the Ethereum blockchain. Conceptualised as a solution to the scaling issues faced by decentralised applications (dApps) built on Ethereum, the Tokamak Network allows developers and individuals to utilise a high speed and scalable layer-2 infrastructure. Tokamak Network connects the Ethereum main chain, also known as the Ethereum mainnet, to the Ethereum-based Tokamak Plasma Chain through the Tokamak protocol. Each dApp utilising Tokamak’s protocol then establishes itself on its own chain allowing for infinitely more transactions to be processed.
According to the project’s website, there are three main advantages of the Tokamak Plasma Chain. Firstly, it has the same structure and development environment as the Ethereum main chain, meaning that all smart contracts that run on Ethereum are also able to run on the Tokamak Plasma Chain. Secondly, transaction fees can be delegated, which means that if dApps choose to bear the fee, users can utilise the network for free. Thirdly, despite the Tokamak Plasma Chain being decentralised, there is no internal consensus mechanism. This allows for much higher throughput and quicker transaction times within the network. TON is the utility token of Tokamak and is used to encourage decentralisation within the network. TON coins must be deposited by dApp developers to open the Tokamak Plasma chain. The deposit for each chain gradually increases and is then used to reward users that find technical faults within a chain. Additionally, TON is used to charge “stamina,” which is what the Tokamak Network’s transaction fees are called.
Tokamak Network (TON) is the 301st largest cryptocurrency in the world by market cap, valued at $90,187,311. The current price of Tokamak Network is $2.9536, which is -1.455% lower than yesterday. Prices have ranged between $3.0388 and $2.7122 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.
Tokamak Network (TON) priceUse our graph to track the performance of (TON) over time.
Tokamak Network at a glance
|Total TON supply||50,000,000|
|All time high||AUD$61.5144|
Tokamak Network price performance over time
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Disclaimer: Cryptocurrencies, including Tokamak Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TON is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Tokamak Network or any other cryptocurrency discussed.
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