Telegram Open Network News and Development Progress

Telegram's Open Network is a decentralized and open-source messaging platform, allowing users to communicate without relying on a central server.

The project was announced in 2020, with the goal of creating a censorship-resistant and community-driven messaging network.

Telegram's founder, Pavel Durov, emphasized the importance of decentralization in the project's announcement, stating that the Open Network would be "completely decentralized" and "not controlled by any single entity".

This shift towards decentralization is a significant development in the messaging platform's history, marking a departure from its traditional centralized architecture.

Toncoin serves as the primary cryptocurrency within the TON network, facilitating transactions and covering fees essential for network operations.

The TON network also features TON DNS, a system designed to simplify user interactions by replacing complicated codes with easy-to-remember names, making it more accessible to access services on the network.

TON Storage provides a decentralized and secure solution for file storage across the network, operating similarly to torrents but with the added security of blockchain technology.

Toncoin uses a greener and more scalable system called Proof-of-Stake, which conserves energy and facilitates the expansion of Toncoin.

Toncoin has maintained relative price stability, trading between $0.40 and $0.60 since its launch, making it an attractive investment opportunity for investors with a limited budget.

Toncoin has outperformed the global cryptocurrency market and similar Layer 1 cryptocurrencies with a price increase of 18.00 percent in the last 7 days.

Toncoin currently holds the 12th rank on CoinGecko with a market capitalization of BTC264,247.2133, and its trading volume has seen a 20 percent increase in the last 24 hours, signalling a recent rise in market activity.

The highest price paid for Toncoin was BTC0.0001683 on Mar 25, 2024, which is 6.60 percent higher than the current price, and the lowest price paid for Toncoin was BTC0.00001015 on Sep 21, 2021, with the current price being 922.60 percent higher than this all-time low.

TON's blockchain is designed for massive scalability, enabling it to handle large volumes of transactions without any slowdown. It achieves this through its proof-of-stake system, where validators stake coins as a deposit, and sharding, which allows the network to split into smaller parts.

This combination helps TON manage more transactions efficiently while avoiding congestion. Advanced security measures are in place to ensure the network remains secure and that transactions are processed accurately.

TON stands out as a fast and reliable blockchain, making it an attractive option for those looking for a scalable and secure cryptocurrency.

TON's blockchain is designed for massive scalability, enabling it to handle large volumes of transactions without any slowdown.

The proof-of-stake system is used, where validators stake coins as a deposit.

This system helps to manage more transactions efficiently while avoiding congestion.

Sharding allows the network to split into smaller parts, further increasing its efficiency.

Advanced security measures are in place to ensure the network remains secure and transactions are processed accurately.

After Telegram stepped away, a new path emerged for TON. It evolved into a fully decentralized project managed by an open-source community.

The TON community took the reins and launched the network's mainnet by 2021, marking its independence as a public blockchain platform. This was a significant milestone for TON, allowing it to operate independently from its previous ties.

Durov's departure from VKontakte in 2014 was a pivotal moment, as it led to the creation of a new, decentralized project. The TON community has since continued to grow and develop the network.

The launch of TON's mainnet in 2021 was a major achievement, demonstrating the community's ability to manage and govern the network.

Durov, the founder of Telegram, has a long history in the tech world, having founded Telegram in 2013.

He left Russia in 2014 after refusing to shut down opposition groups on his previous platform, VKontakte.

The Durov brothers raised a massive $1.7 billion in 2018 through a private sale of TON tokens, then called Grams, in one of the largest cryptocurrency offerings ever.

This private sale was a significant milestone for Telegram's blockchain project, the Telegram Open Network (TON).

Telegram is taking a cautious approach to the launch of its Gram token, testing the waters before the big sale in October.

The company has been working on this for quite some time, with a public sale planned for the window between the testnet launch and the full mainnet launch.

Telegram wants to work with a regulated exchange to avoid potential legal troubles associated with an Initial Coin Offering (ICO).

The Gram tokens won't be immediately tradable, with buyers purchasing them from Gram Asia through Liquid, which will then hold them in USDC until their release in October.

Buyers will have to pass rigorous KYC checks, and the tokens won't be sold in over 50 countries.

Despite these setbacks, Kayamori expects significant demand, with potential to add more tokens if the allocation sells out.

Toncoin is the primary cryptocurrency within the TON network, facilitating transactions and covering fees essential for network operations.

The TON network offers a system called TON DNS, which simplifies user interactions by replacing complicated codes with easy-to-remember names, making it more accessible to access services on the network.

TON Storage provides a decentralized and secure solution for file storage across the network, operating similarly to torrents but with the added security of blockchain technology.

Together, these elements create a cohesive and user-friendly ecosystem within the TON network, allowing users to interact with the network in a more seamless and intuitive way.