Work on the Telegram Open Network project is 70% completed. There is no data on the start of the platform yet, but judging by the Telegram statement on theblockcrypto.com, the launch will take place in 2019.
Telegram Investors received updated information on one of the hottest projects in the cryptocurrency sphere. This may mean that the development and launch of the test version of the Telegram Open Network cryptoplatform is close to completion.
Telegram is a messaging operator that has collected more than $ 1.7 billion of ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details to sell its own tokens and build its own block chains. The previous update of the information about the platform was released in September this year. Russian media reported it earlier, but the "circular letter about work" itself was never officially confirmed and commented on. According to the previously published document, many aspects of the project were more than 90% completed.
As a whole, the project has been 70% completed, according to the document dated November 21st. Of course, it is impossible to say how well the network will work and when it will start functioning properly.
As experts state, the network may look good on paper, but there is a big difference between what is on paper and what is in the real world.
However, some interesting moments from the updated information include:
- The TON Virtual Machine required for the implementation of smart contracts is fully implemented and tested. But it is likely to change, and some changes will be related to other aspects of the Telegram Open Network network technology.
- According to the document, many aspects of the TON network, the components of the project aimed at execution of transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details requests are almost completed.
- The most distant part: software for generating and checking blocks. Only 10% ready.
As was previously reported, TON (Telegram Open Network) will host other crypto-currency applications on its network similar to Ethereum, a competitive platform with smart contracts. According to investor statements, they plan to get their first TON tokens already in December this year. But the company itself expects that their transfer to the stock exchange will be in early 2019.
Editor: Alyona Nabok