Gram GRAM Price

What is Gram (GRAM)?

Gram (GRAM) is the native cryptocurrency of the Telegram Open Network (TON), a blockchain platform developed by the messaging app Telegram. Initially launched in 2018, Gram aims to facilitate fast and secure transactions, integrating seamlessly with the Telegram ecosystem that boasts over 700 million users globally. The TON blockchain is designed to support decentralized applications (dApps) and services, with Gram serving as a medium of exchange within this ecosystem. As of 2024, Gram has evolved to include features such as smart contracts and a unique consensus mechanism called Proof-of-Stake (PoS), which enhances scalability and efficiency.

Who are the Founders of Gram?

Gram was developed by the team behind Telegram, primarily led by Pavel Durov and his brother Nikolai Durov. Pavel Durov, known for founding the popular social networking site VKontakte, has been instrumental in building Telegram as a secure communication platform. The vision for Gram was to create a cryptocurrency that could leverage Telegram's vast user base and infrastructure, enabling seamless transactions and a robust blockchain environment.

How does Gram Work?

Gram operates on the TON blockchain, which utilizes a unique multi-blockchain architecture designed for high throughput and fast transaction speeds. The TON blockchain consists of several interconnected blockchains, allowing it to process millions of transactions per second. The use of Proof-of-Stake as its consensus mechanism enables users to stake their Gram tokens to validate transactions and earn rewards, promoting network security and decentralization. Additionally, Gram transactions are designed to be quick and cost-effective, making them ideal for micropayments, remittances, and other financial applications within the Telegram ecosystem.

Key Features of Gram

• Scalability: The TON blockchain can handle millions of transactions simultaneously, making it highly scalable.
• Low Fees: Transaction fees on the TON network are minimal, making it affordable for users.
• Interoperability: Gram can interact with various dApps and services within the TON ecosystem.
• Security: Utilizing a PoS mechanism enhances the security of the network against attacks.

Top Use Cases of Gram

• Payments and Transactions: Gram can be used for peer-to-peer payments and transferring value within the Telegram app, enabling instant and low-cost transactions.
• Decentralized Applications (dApps): Developers can build dApps on the TON platform, utilizing Gram for in-app transactions and services.
• Smart Contracts: Gram supports smart contracts, allowing for automated agreements and transactions without intermediaries.
• Micropayments: Due to low transaction fees, Gram is ideal for micropayment scenarios, such as tipping content creators or paying for digital services.
• Remittances: Gram can facilitate international remittances at a fraction of the cost and time compared to traditional banking systems.

How to Keep your Gram Safe?

Ensuring the safety of your Gram tokens is crucial, especially given the increasing number of cyber threats in the cryptocurrency space. Here are some best practices:

• Use Hardware Wallets: Store your Gram in hardware wallets like Ledger or Trezor, which provide offline storage and enhanced security.
• Enable Two-Factor Authentication (2FA): Always enable 2FA on your Telegram account and any cryptocurrency exchanges where you hold Gram.
• Be Wary of Phishing Attempts: Avoid clicking on suspicious links or sharing your private keys and passwords with anyone.
• Regularly Update Software: Ensure that your Telegram app and any wallets you use are updated to the latest versions to protect against vulnerabilities.
• Backup Your Wallet: Always create a backup of your wallet recovery phrases and store them in a secure location.