Telegram releases code for upcoming TON blockchain platform

Telegram, the team behind the 365 million-strong encrypted messaging app, is getting ready to release its upcoming blockchain, called TON, which is scheduled for next month. It released code and documentation for a testnet version of the blockchain on Friday.

- Advertisement -

Developers can now download a version of the TON Blockchain Software, which includes support for nodes and validators—computers that help to run the network—in order to check for bugs and other problems. The package also includes a block explorer that can be used to observe the network.

This will give developers a chance to get their heads around using Fift, a programming language designed specifically for creating and managing smart contracts on the TON Blockchain.

TON will be a proof-of-stake blockchain platform, promising instant, secure transactions. It’s essentially a collection of blockchains. There’s one master blockchain, many more “working blockchains” that do the heavy lifting, and then “shard blockchains” that divvy up the work of the “working blockchains” even further.

The network will also see payments integrated into the messaging app, similar to WeChat in China.

Despite raising $1.7 billion, Telegram’s largely kept the project under wraps until now. But it has to launch by the end of next month—or repay the money received in its token sale. With such a strong incentive, it’s likely to be released on target, one year ahead of Facebook’s rival blockchain platform Libra. Let the blockchain-fuelled messaging app wars begin.

Source

Previous Articles:

- Advertisement -

Latest

UK Leader Lucy Powell Becomes 7th MP Hacked on X for Crypto Scam

UK House of Commons Leader Lucy Powell becomes the seventh British MP to have their X account hacked since Elon Musk's Twitter acquisition three...

BTC Outshines Market as Traders Discuss Macroeconomic Impacts

The "UNDER EXPOSED" podcast delivers weekly crypto and macro market analysis featuring hosts TylerD, Deeze, Geebz, and Peter Jennings.The show covers Bitcoin's market performance...

Coinbase warns of crypto bear market as 200DMA signals prolonged losses

Coinbase Institutional believes the crypto bull run ended in late February/March 2024, with markets now in bear territory.Bitcoin dropped below its 200-day moving average...

Bitcoin Signals Bear Market Environment Amid All-Time High Predictions

Bitcoin may enter a consolidation phase rather than reaching new all-time highs by June, according to 10x Research's analysis.Short-term indicators suggest a bearish outlook...

Australia’s Federal Election: Crypto’s Future Hangs in the Balance

Coinbase urges Australian voters to back crypto reform in upcoming May 3 federal election, citing "underdeveloped" regulatory environment.The exchange outlines five key actions for...

Must Read

How Cryptocurrency Works For Beginners?

Welcome to the world of cryptocurrency! If you're new to this exciting and rapidly evolving landscape, you might feel like Alice in Wonderland, exploring...