Glossary

The unique identifier of an account or contract on a blockchain.

Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.

Automated Market Maker — algorithmic pricing through a liquidity pool.

A group of transactions finalized by validators and chained to the previous block.

Bag of Cells — the binary serialization format for structured data and smart contracts in TON.

Centralized exchange — custodial exchange (Binance, OKX, Bybit).

Decentralized Autonomous Organization — on-chain governance via token-holder voting.

Decentralized Finance — financial services (exchanges, loans, derivatives) without intermediaries.

Decentralized exchange — token swaps via smart contracts, no intermediary.

The guarantee that a transaction cannot be reverted.

The cost of computation and storage paid by the transaction sender.

A one-way function that maps data of any size into a fixed-length code.

The fungible token standard on TON (the equivalent of ERC-20 on Ethereum).

The production network of a blockchain with real assets.

TON's coordinating chain: stores network config and finalizes all workchains.

A delegator who stakes TON via a nominator pool without running a validator node.

The secret key that signs transactions; whoever holds it owns the funds.

Soulbound Token — an NFT that cannot be transferred, permanently tied to its wallet.

A subchain of a workchain serving a slice of accounts; scales via automatic split/merge.

A program that lives and executes inside a blockchain.

A token pegged to a fiat currency — most often USD (USDT, USDC, DAI).

A web app that runs inside the Telegram client via WebView with TG-native UI.

Telegram's internal currency for paying for digital goods in Mini Apps and subscriptions.

TON Enhancement Proposal — the formal specification for a TON-ecosystem standard.

A blockchain's test network for developers; tokens have no real value.

Total Value Locked — total USD value of assets in a DeFi protocol.

TON Virtual Machine — the stack machine that executes smart contracts on the TON network.

A logical child network inside TON with its own rules and validator set.