Encrypted messaging service will purportedly launch its Telegram Open Network () in the third quarter of 2019, to crypto site The Block.
An internal memo sent to investors reportedly said that the network would launch later this year. Telegram purportedly said that a recent successful test process “reaffirms our belief that the TON virtual machine and the TON … Byzantine consensus algorithm are capable of meeting the goals stated in the original .”
In April, Cointelegraph that Telegram opened access to a private testing version of the TON to a select number of developers. Anonymous test developers said the demonstrated “extremely high transaction speed.”
The TON network will supposedly host decentralized applications, similar to the network.
In February, an apparent for Telegram’s Gram — the TON network’s native digital currency — stated that such contracts will be rendered null and void if the network does not launch by October 31, 2019.
Telegram was by the brothers Nikolai and in 2013. The firm almost $1.7 billion in private rounds last year. The platform boasts over 200 million users.
Last month, TON’s development team has with financial services provider Wirecard. TON Labs will work with Wirecard to develop digital financial products.
Published at Fri, 24 May 2019 01:08:13 +0000