Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Author: Dr. Awesome Doge
Compiled by: Wu Says Blockchain
Although the TON Foundation is a more widely known name, few people know the story of its early contributors—the NEWTON team (the core team of TON).
Through voluntary technical contributions, the NEWTON team gained recognition from the official @Telegram team in 2021, ultimately achieving a technical handover, marking the most significant "community takeover" in blockchain history.
As one of the early members of NEWTON, let me share this story. --- @drawesomedoge
Introduction: Joining the NEWTON Team and Its Mission
When I joined the NEWTON team, our main mission was very clear: to enhance developer tools while maintaining the stability of the TON testnet2 code.
Since we could not directly control the ton-blockchain GitHub repository but needed to continuously optimize the code, we established a new organization called NEWTON. To ensure smooth network updates, we encouraged the community to use the validators developed by NEWTON as the standard version.
From our establishment until June 2021, the NEWTON team completed several groundbreaking development and infrastructure projects. Let’s take a closer look at the 10 key contributions that shaped the early days of TON.
1. mytonctrl: Automated Node Management Tool
Our first significant contribution was mytonctrl, a powerful automation tool for node installation and validator setup.
It provides essential features including wallet creation, contract deployment, transaction history retrieval, and even a DNS registration system—interestingly, the DNS at that time was not the same as the modern NFT-packaged DNS we see today.
mytonctrl can also configure validators, light node servers (liteservers), and light clients (liteclients), making access to and parsing of node data straightforward. In 2021, we added CPU-based mining scripts and automated performance testing to streamline the $TON mining process.
2. tonmon: Blockchain Health Status Visualization Tool
Having nodes and accessing data is not enough; we needed more visualization tools to monitor the health of the blockchain.
To better monitor blockchain health, we developed tonmon. This tool can track key metrics: block generation time, shard status, dPoS election schedule, number and weight of validators, and the status of mining contracts. Through it, we could quickly respond to any network anomalies.
In those early days, the network was relatively small, with only about 80 validators worldwide.
3. tonmine: Monitoring Giver Contracts
We developed tonmine to track TON's mining activities. Although there were many large and small Givers on the TON blockchain initially, by 2021 only ten small Givers remained.
tonmine displayed daily mining statistics for each contract, with a single contract averaging 20,000 $TON per day, totaling about 200,000 $TON across all contracts daily.
The differences in mining difficulty between different Givers were significant, depending on the number of miners—some Givers had lower difficulty due to fewer miners, while others had extremely high difficulty due to many miners.
4. Cross-Chain Bridge
Before TON had the jetton or NFT standards, we recognized the importance of cross-chain compatibility. The NEWTON team developed a native $TON cross-chain bridge for ERC-20 tokens on EVM-compatible chains and successfully tested it on bridge.ton.org. This made seamless transfers between TON, Ethereum, and BSC possible.
5. cryptobot: Telegram Bot Wallet
Before Telegram mini apps emerged in 2021, team members developed cryptobot, a Telegram wallet. It initially supported $BTC, $TON, $BNB, and $USDT. Later, with the launch of Telegram mini apps, the wallet underwent a complete overhaul.
6. toncenter: Simplifying Blockchain Data Access
With toncenter, developers do not need to set up full nodes, study liteclients or liteservers, or worry about serialization data format issues.
toncenter provides a public API that greatly simplifies the process for various wallets and blockchain explorers to access on-chain data.
Although TON's infrastructure has continued to evolve with the emergence of more API providers like tonxapi.com, toncenter still serves developers, and its powerful design has become a classic.
7. explorer.toncoin.org: The First Blockchain Explorer for TON
The first TON blockchain explorer was built into the core codebase and is located at explorer.toncoin.org. Although it runs extremely fast, the data presentation was too technical for most users.
8. ton.sh: Next-Generation Blockchain Explorer
To address the complexity issues of explorer.toncoin.org, we created ton.sh. After solving the challenges of blockchain data deserialization, we launched a public API for ton.sh.
ton.sh focuses on core functionalities: wallet balance, transaction history, especially memo. For early TON users, memo was crucial as it served as a command operation carrier before TON Connect or complex DeFi contracts emerged, playing an important role especially in deposit operations on exchanges.
Although there are now more advanced explorers like TONScan and TONViewer, ton.sh remains a historic milestone in TON development.
9. TonWeb: Important JavaScript SDK
Since TON smart contracts use the more complex languages Fift and Func, the NEWTON team developed TonWeb—a JavaScript SDK that simplifies wallet creation, deployment, and transaction operations.
10. ton wallet: My First TON Wallet
This TON wallet dates back to the Telegram era; it was my first wallet—surprisingly, it is still functioning well today.
Historic Recognition: An Open Letter from the NEWTON Team to the @Telegram Official Team
By June 2021, the NEWTON team had made significant contributions, including running public light node servers (liteservers), DHT servers, and archive nodes to maintain network stability. At this time, tolya-yanot wrote an open letter (link) documenting our year of work to the TON blockchain team and requested GitHub organization permissions.
The letter listed the two leaders of NEWTON and key team members.
That's right, I—Dr. Awesome Doge—was also on the list.
At that time, I thought it was just an open letter—a good attempt to showcase our contributions to the network, without expecting any response.
To our surprise, the @Telegram official team responded on June 30, 2021.
This marked the beginning of a new chapter in the history of the TON blockchain.
Reflection and Outlook: A Builder's Remarks
Looking back on this extraordinary journey, the early contributions of the NEWTON team go far beyond the code itself. Every line of code, every tool we built, every sleepless night spent maintaining the network—these efforts laid the foundation for TON's development today.
Seeing the explosive growth of TON in 2024, with thousands of developers joining the ecosystem, validates what we believed in those challenging early days—that the potential of TON is worth fighting for.
You may also like

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

WEEX Official Product Launch: Win LALIGA Tickets & Unlock the 3-in-1 Crypto Trading Suite
Trade crypto without downloading an app. Join the WEEX H5, API, SKILLs livestream to explore the new trading experience, win LALIGA VIP tickets, and share 420 USDT rewards.

Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?

US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief

Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen

When a Token Becomes Labor, People Become the Interface

Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet

BlackRock CEO's Annual Shareholder Letter: How is Wall Street Using AI to Keep Profiting from National Pension Funds?

Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

The US AI Startup Is Loving China's Open Source Model

Three Weeks of the US-Iran War: Who's Making Money, Who's Paying the Bill?

Interpreting Polymarket's Major Update Last Night: Fee Expansion, Self-Regulation, and New Incentives

From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy

CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
Trump, the World's Largest Oil Trader
If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?
Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’
Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem
Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?
WEEX Official Product Launch: Win LALIGA Tickets & Unlock the 3-in-1 Crypto Trading Suite
Trade crypto without downloading an app. Join the WEEX H5, API, SKILLs livestream to explore the new trading experience, win LALIGA VIP tickets, and share 420 USDT rewards.
