TON vs Electra Protocol

The Open Network (TON) is a decentralized and open internet platform made up of several components. These include: TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem. TON is focused on achieving widespread cross-chain interoperability, while operating in a highly scalable secure framework. TON is designed to process millions of transactions per second (TPS), with the goal of eventually reaching hundreds of millions of users moving forward.

Electra Protocol is an ecosystem for near real-time transactions at almost no cost. Upcoming features include multicurrency payments and smart contracts that will empower anyone to create their own solutions. Simply put: Instant payments without needing a bank account.