Telegram plans to launch the TON blockchain system

The end of the 2017 year was marked by two events related to the popular Telegram network. The developers announced the introduction of their own cryptocurrency GRAM, and also announced the launch of the TON blockchain system. It is noteworthy that the Durov team did not devote mass media to the plan details, however, thanks to the leak of documentation on the network, the world learned about Telegram's large-scale plans. Internet users have responded positively to the innovation and are watching with great interest the development of events around this news.

Telegram plans to launch the TON blockchain system

The technical documentation of Telegram reveals plans to launch its own blockchain system, which collects technologies and eliminates the disadvantages of cryptocurrencies such as Ethereum and Bitcoin. The Cryptovest resource was the first to publish the documentation, and the TNW site confirmed the authenticity, so readers learned about the details of the project. Users who wish to study the documentation themselves can link go and get acquainted with Telegram plans.

Third-generation blockchain - this is the position of the third-generation network TON (Telegram Open Network), according to the documentation. The scale and speed of transaction processing at TON is a priority. Faster block creation, which eliminates the appearance of queues and transaction costs, eliminates the problems of Ethereum and Bitcoin networks. The solution mechanism is not described, but it is believed that the introduced technology will quickly understand the components and adapt to other platforms of the blockchain system.

Telegram, to launch its own project, plans to attract investments in TON in the amount of $ 500 million only by selling tokens, before the ICO. Judging by the documentation, the fundraising was scheduled for March 2018 of the year. In the TON network, developers are laying micropayments and payment for services with goods directly in the Telegram messenger. An increased demand for such a service is forecasted, because as of January 2018 of the year, 180 million people are registered in the database. The launch of the blockchain system will certainly lead to an increase in the number of users and the Durov team assures that the platform will cope with the load, guaranteeing smooth operation.

Resource DeCenter shared with readers its own opinion, from which the conclusion follows:

• there will be no mining;
• flexible system with the elimination of the problems of predecessors;
• the presence of torrents and VPNs;
• user identification by passport data;
• transaction fee;
• lending nodes to run your own server;
• GRAM coin turnover in the TON system.

As a result, TON is a decentralized Internet on top of the existing one, with its own security system and unlimited traffic transfer capabilities. As for the identification of the user by passport, a mechanism similar to WebMoney is implemented here, where the user is required to prove that the recipient is real. When working with finances, such protection prevents theft. It remains only to understand how the Durov team will promote the project through Roskomnadzor, which has a ban on VPN and torrents.