Toncoin (TON) and Notcoin (NOT): coin review
However, Toncoin (TON) and Notcoin (NOT) have different origins and technological bases, demonstrate different indicators, occupy different niches, and attract users with different goals and interests. Which is more profitable: Toncoin or Notcoin? Let's try to understand the features of the two cryptocurrencies and what opportunities each of them opens up.
Toncoin — what kind of coin is it?
Toncoin (TON) originated in the decentralized network of Telegram blockchains. In English, the network is called Telegram Open Network, abbreviated as TON, hence the original name of the blockchain and its token.
The TON blockchain is based on smart contracts, a unique BFT Proof-of-Stake consensus mechanism, sharding (a method for distributing the network load), and advanced encryption protocols. This technology stack helps protect user data from unauthorized access and ensures fast, secure, and efficient transaction processing. All transactions carried out in the blockchain are transparent and easily scalable.
Despite the project's enormous technological potential, Telegram stopped participating in it in 2020 for legal reasons. However, the blockchain continued to develop under the management of the TON (The Open Network) foundation, and the TON token was renamed Toncoin.
The blockchain has become an entire ecosystem of decentralized services and applications. Thanks to the high transaction speed and low fees, users can quickly solve everyday issues, such as online purchases using Toncoin, transferring funds to friends, etc. The Toncoin token as a crypto asset is also gaining more and more popularity. The coin is listed on several major cryptocurrency exchanges; it can be easily converted into other digital currencies, so the market capitalization of Toncoin has grown significantly and reached 16.99 billion US dollars. As of July 2024, the coin is trading at $6.75. Experts predict further growth in the value of the Tonkoyin token and the strengthening of its authority, not least due to the support of the TON Foundation and systematic work to improve the ecosystem. The development roadmap includes further improvements in scalability, compatibility, and security.
Notcoin and Toncoin: the difference
In the minds of most, Notcoin is invariably associated with Telegram, but its appearance is a separate initiative. The creators were only inspired by the TON concept but used a different technology stack to develop the project, including delegated proof of stake (DPoS). This mechanism relies on a limited number of trusted validators to achieve consensus, which is essential for crypto platforms as it reduces energy consumption and increases transaction throughput.
Interestingly, Notcoin was initially created almost as a joke: the project was conceived as ironic to ridicule the absurdity and speculative nature of the cryptocurrency market. Notcoin tokens could be earned by completing simple tasks. However, Notcoin soon began to develop quite seriously, thanks to a reliable technological basis, security features, and transaction speed. By now, the Notcoin blockchain has firmly occupied its niche, even two: complex DeFi tools and gaming. Notcoin helps support decentralized exchanges (DEX), lending platforms, and stablecoins in the financial sector. In the gaming sector, it contributes to creating decentralized gaming platforms and in-game economies. This specialization allowed Notcoin to form a strong community of users and developers working in these niches. The future of blockchain depends on how flexible it will develop and introduce innovations because the competition in the DeFi and gaming sectors is very high.
Notably, in May 2024, Notcoin appeared in the listings of the largest crypto exchanges. Notcoin is currently trading at $0.010, with a market cap of $1 billion. The coin is easily convertible into other cryptocurrencies via popular exchange platforms. NOT can be used for various applications, online shopping, money transfers, and smart contracts.
Should you exchange Notcoin for Toncoin?
Both Toncoin and Notcoin offer unique features and address the different needs of users:
- Notcoin has gained popularity in cryptocurrency, especially in the DeFi and gaming communities. However, this does not indicate a broad appeal; it is a niche appeal, and Notcoin is a reasonably volatile cryptocurrency.
- Toncoin (TON) is a promising asset. It is based on advanced technologies, but it does not require special knowledge; it is also available to ordinary users. Toncoin (TON) can be mined using specialized equipment and software.
However, factors such as electricity costs and the complexity of the operation must be considered. Both cryptocurrencies are showing a stable bullish sentiment; their value continues to grow. Therefore, before deciding to favor one of them, conduct your research using the BestChange monitoring.