Testing blockchain-TON platform will start in late autumn

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Telegram will be launching a blockchain-based platform TON in test mode in late autumn. Preparation is at the final stage.

This was reported by Vedomosti, citing a letter to investors Telegram Open Network. It says that the team is finalizing protocols and network blockchain platform. In addition, the mechanism of the smart contracts Virtual Machine TON is ready for 95%.

Many protocols platform written from the ground up and have no analogues. Much work needs to be done on another system to confirm the new units: the letter says that it is ready for 10%.

As previously reported, the TON will have to process transactions faster than bitcoin and Ethereum blockchains. The team promises to speed the processing of payments, comparable to Visa and MasterCard. In the platform, among other things, will be integrated Telegram-wallet and use it is a cryptocurrency Gram.

During the ICO in early 2018 Telegram attracted to develop their own blockchain platform $ 1.7 billion. In early September, the project team reported to investors that it is ready on 70%.

Why is it important

  • Blockchain platform TON — great project of the founder of the Russian social network Vkontakte and messenger Telegram Pavel Durov. The project quickly gathered the required amount, later, the developers abandoned the public offering of tokens. In may, the developers have presented one of the components of TON, a service for storing personal data Telegram Passport. Later it became known that with its help, users are able to buy cryptocurrency Gram.

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