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Telegram Open Network Crypto Project Reaches Its 90% Completion

The ongoing development of Telegram Open Network aka TON project will likely make its own crypto history as this platform seems to be most secretive yet well-funded till date.

In 2018, the ICO at Telegram sold Gram tokens to an exclusive group of investors by raising a prominent worth of $1.7 Billion. Some of the names of investors include Sequoia Capital, Benchmark, and Kleiner Perkins Caufield & Byers.

TON Project Completes 90% Of Its Platform

There is news about one amongst striking project: the Telegram Open Network aka TON to accomplish 90% of its platform. The team members at Telegram recently release their latest investor update which depicts their considerable progress.

Also, they unveil their plans about launching a testnet in the earlier phase of March this year. Moreover, the initial testnet launch had been scheduled basically for January this year.

Meanwhile, the report also informs about the Telegram team to initiate their work together to list the GRAM token just after the Testnet goes live. They are preparing to work with some leading Asian exchanges to accomplish this target

Some big names were revealed including Binance, Huobi, and OKEx. On the other hand, Telegram seems to negotiate potential collaborations with retails, e-commerce, along with various online service providers.

Telegram Open Network Crypto Project

About the TON aka Telegram Open Network

The leaked unofficial whitepaper reads that this project of TON holds a vision is to establish a cryptocurrency as well as an ecosystem that both meets the requirements of the more than 200 Million Telegram users.

Moreover, they would be achieving this by integrating their blockchain network within the messaging app. Also, the TON network seems scalable via sharding smart contracts for DApps aka decentralized applications.

This project will also employ a PoS aka Proof-of-Stake approach incorporating consensus mechanisms via several Byzantine Fault Tolerant Protocol. The news also specifies that their transactions will load on the specific TON network to project the eclipse or match the level as for VISA/Mastercard.

Lastly, it will offer an avenue for micropayments right on their TON network with the possibility of P2P storage network with access like a torrent.

What do you think about the plans of TON? Do you think this project will be as successful as the trending ones out there?

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency.In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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