Also: TON Virtual Machine
TVM (TON Virtual Machine) is a stack-based virtual machine that runs the bytecode of smart contracts on the TON network. It works natively with typed cells, message passing, and basic cryptographic primitives.
TVM differs from Ethereum's EVM by being built around the actor model: each contract is a standalone actor with its own local storage, communicating with others through async messages. This gives native horizontal scalability but requires a different DApp design.
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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