$TON
🚨 TON NETWORK WORK 🚨
So about that “1million tps”. That sounds crazy, right? Well, this is made possible due to TON’s unique architecture. The TON blockchain is made up of a “collection of two blockchains”. That is, a master blockchain (or masterchain) and several working blockchains (or workchains). The master blockchains are responsible for being a repository of the protocol’s general information, information about validators, workchains and their shards, and the hashes of the work- and sharchains’ most recent blocks. The workchains, on the other hand, contain information on events like smart contract transactions and value-transfer. In terms of consensus, the blockchain uses a proof of stake mechanism.
What is interesting about the workchains is that they themselves can be split up into shard blockchains (or shardchains). Each shardchain is tasked with handling transactions for a subset of accounts. This in turn helps the network lower its possibility of congestion significantly. Sharding refers to the splitting of a database horizontally. In the case of blockchains, it helps reduce network load.
Let’s look a bit at the numbers at play when it comes to TON’s architecture:
The network has an impressive block time of 5 seconds, and can split workchains into 260 shards, allowing for much less network stress and congestion. For a comparison, Ethereum plans to implement shard chains, and will be capable of splitting chains into 26 shards. Time to finality sits at under 6 seconds, which means the network is very fast when it comes to transaction.