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Report: Telegram to Launch TON Community in Q3 2019

Encrypted messaging service Telegram will purportedly launch its Telegram Open Community (TON) within the third quarter of 2019, based on crypto information website The Block.

An inner memo despatched to traders reportedly stated that the community would launch later this yr. Telegram purportedly stated that a latest profitable take a look at course of “reaffirms our perception that the TON digital machine and the TON … Byzantine consensus algorithm are able to assembly the targets said within the unique white paper.”

In April, Cointelegraph reported that Telegram opened entry to a personal testing model of the TON blockchain to a choose variety of builders. Nameless take a look at builders stated the blockchain demonstrated “extraordinarily excessive transaction pace.”

The TON community will supposedly host decentralized functions, just like the Ethereum community.

In February, an obvious buy settlement for Telegram’s Gram tokens — the TON community’s native digital foreign money — said that such contracts can be rendered null and void if the community doesn’t launch by October 31, 2019.

Telegram was based by the brothers Nikolai and Pavel Durov in 2013. The agency raised nearly $1.7 billion in two non-public preliminary coin providing rounds final yr. The platform boasts over 200 million customers.

Final month, TON’s growth staff has partnered with German monetary providers supplier Wirecard. TON Labs will work with Wirecard to develop digital monetary merchandise.

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