> For the complete documentation index, see [llms.txt](https://ton-play-1.gitbook.io/ton-play-1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ton-play-1.gitbook.io/ton-play-1/ton-blockchain/basics-about-blockchain/ton-blockchain-faq.md).

# TON Blockchain FAQ

*All info is based on the open official resources.*

💎 **What is TON?**

TON is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly.

💎 **What is Durov’s connection to the project?**

The project was created by Telegram founder Pavel Durov and his brother, Nikolai, in 2017, but three short years later, Telegram walked away from the project for good. The Telegram team transferred the title of the [ton.org](http://ton.org/) domain and [github.com/ton-blockchain](http://github.com/ton-blockchain) repository to the @tonblockchain developers.

💎 **Who is leading the TON now?**

TON is led by an open-source community of experienced developers consisting of some of the best programmers in the world and Telegram blockchain contest winners. Applying its existing ecosystem of communities, developers, publishers, payment providers, and merchants, TON is uniquely positioned to establish the first-ever mass-market cryptocurrency in history.

💎 **What is the project's native cryptocurrency?**

The project’s native cryptocurrency is called Toncoin. Check out its price action [here](https://coinmarketcap.com/currencies/toncoin/). It's used for transaction fees, securing the blockchain through staking, deciding how the network develops, and settling payments.

💎 **Which wallets do people use?**

TON recommends installing either Tonkeeper or Tonhub crypto wallets.

These two wallets have streamlined user interfaces and access to crypto trading while supporting NFTs and altcoins. Tonkeeper and Tonhub are both ideal apps for users of all levels.

For the Telegram experience, people use the @wallet and @CryptoBot bots. Users can now send crypto to their friends or other wallets in just a few seconds without leaving the Telegram app.

💎 **Is TON really fast?**

The simple answer is yes, it’s fast. All thanks to its flexible architecture, which lets it grow and grow with no loss of performance.

To find out more, check out the Blockchain analysis below:

<https://ton.org/analysis>

💎 **How much does the average transaction cost?**

Transaction costs vary. For example, the NFT minting costs 0.2 TON per item, while the buy or sell transaction fee is usually 0.05 TON per item.

💎 **What are the best resources for TON?**

The official site: [https://ton.org](https://ton.org/)

The best documentation ever: [https://www.tonspace.co](https://www.tonspace.co/)

Projects on TON: [https://ton.app](https://ton.app/)

API & Explorer: [https://tonapi.io](https://tonapi.io/)