A smart contract is a self-executing program deployed on a blockchain. On TON every account (including a user wallet) is a smart contract.
Contracts are written in FunC, Tact, or Tolk → compiled to TVM bytecode → deployed as a BoC at a deterministic address. After deployment, contract behavior is immutable (unless the code includes upgrade logic).
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).
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