TON Blockchain Community Approves Economic Model Optimization Proposal

02/21/2023 13:13 • Blockchain Buzz • 135 views

It is reported that the TON economic model optimization proposal of the TON blockchain community has been approved. The proposal aims to reach a community consensus on the recycling supply of TON and temporarily freeze inactive mining wallets for 48 months. These wallets have never been activated and there are no outgoing transfers in their historical records.

The TON community has temporarily frozen more than 1 billion tokens of inactive mining wallets, which still needs verifiers to vote

Interpret the above information:

The TON blockchain community has approved an economic model optimization proposal aimed at achieving a community consensus on the recycling supply of TON and temporarily freezing inactive mining wallets for 48 months. This proposal is expected to have a significant impact on the TON blockchain, and could potentially create a more sustainable and efficient ecosystem for users.

The TON blockchain is a decentralized platform designed to support various applications and services through the use of smart contracts. The network has garnered significant attention since it was first introduced in 2018, largely due to its association with Telegram, one of the largest messaging platforms in the world. However, the TON project has faced numerous hurdles over the years, including regulatory challenges and technical issues that have delayed its launch.

Despite these setbacks, the TON community has remained steadfast in its pursuit of building a robust and sustainable blockchain ecosystem. The economic model optimization proposal is a reflection of this dedication, and its approval is a significant milestone for the TON blockchain.

One of the key objectives of the proposal is to address the issue of inactive mining wallets. These wallets have never been activated and have no outgoing transfer records, thus contributing to an oversupply of TON in circulation. By temporarily freezing these wallets for four years, the TON community hopes to reduce the supply of TON in circulation and prevent a potential devaluation of the blockchain’s native currency.

Additionally, the proposal will introduce recycling mechanisms for TON coins that are no longer in use. This will help to ensure that the supply of TON remains stable and that the blockchain remains sustainable over the long term. The recycling process involves burning coins that are unused or that have been returned to the blockchain, effectively reducing the overall supply of TON in circulation.

Overall, the approval of the TON economic model optimization proposal represents a significant step forward for the blockchain community. It demonstrates a commitment to sustainability and innovation, and could serve as a model for other blockchain ecosystems looking to achieve similar goals through community-driven initiatives.

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