The launch of the Telegram Open Network (TON) blockchain from the Telegram messenger is scheduled for the summer of 2019. This became known from the letter of the company to investors, reports The Block.
Representatives of Telegram reported that the testing process for the TON Virtual Machine (software for operations) and the consensus protocol is progressing well. According to the developers, TON will be able to complete the tasks listed in the project documentation.
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In April, the closed test stage of the Telegram network began, and Russian and foreign companies took part in it. Testers confirmed the high potential of the blockchain. In particular, they drew attention to the high speed of the TON Virtual Machine. According to Whitepaper, TON will outperform other cryptocurrency networks in terms of performance, according to preliminary information, the blockchain will be able to process several million transactions per second.
The agreement on the sale of Gram tokens, which will be released on the TON blockchain, says that the contracts for the purchase of coins will be canceled if the network does not start working before October 31, 2019. Judging by the latest news, project leaders are confident that they will be able to fulfill this commitment.
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