The messaging giant Telegram has officially confirmed its participation in the Telegram Open Network (TON) and has released a Grams wallet Terms of Service agreement.
ToS terms of service
According to ToS, Telegram integrates the wallet into the company’s flagship messaging application and also offers it as a standalone product.
“We do not control the TON block chain network and, therefore, cannot guarantee that any transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details details you send through the services will be verified and confirmed in the TON block chain,” the ToS stated.
Telegram also adds that the firm “will not be able to facilitate any requests for cancellation or modification of transactions you have sent.”
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Although $1.7 billion was raised in early 2018 to develop the TON blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details and the GRAM tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details associated with it, Telegram has been silent about its participation in TON up to this point.