The beta version has been launched on 11 April and is open for testing only for a certain number of developers in Russia as well as worldwide.
TON blockchain initial Verdict
Even though the smart contracts and other blockchain codes were not completely tested, the transaction speed of TON is reportedly very high, according to a couple of anonymous beta testers. Vedomosti also stated that TON is expected to process transactions faster than renowned blockchains like Ethereum and Bitcoin. Not only that, but it will also be able to compete with the speed of Mastercard and Visa in terms of payments.
According to a regulatory filing reported by Bloomberg, Telegram has offered the most significant initial offering of $1.7 billion for its cryptocurrency (TON).
Although, Vedomosti had hinted at a test launch of TON in 2018, the date of actual launch of the TON blockchain is not yet revealed after the Durov brothers brushed off any info regarding confirmation of a date. It was assumed that the launch would take place in March 2019, but since the previous month saw no such occurrence, it might be safe to assume that users would have to wait a while more for Telegram to launch TON on a global platform.
Telegram recently garnered a record 3 million users in a span of 24 hours while other prevalent social sites such as Instagram and Whatsapp were suffering from prolonged outages and gained instant popularity.
Telegram, a popular encrypted messaging app which is used globally, was developed in 2013 by two brothers named Nikolai Durov and Pavel Durov. By 2018, the application had achieved 200 million active users worldwide.
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