Gram Cryptocurrency: Review of the Sensational Token from Pavel Durov

gram cryptocurrency

At the end of last year, Pavel Durov, a well-known businessman, creator of the Russian social network “VKontakte” and instant messenger Telegram, decided to create not just his own digital coin, but a whole decentralized payment network. In this article we will discuss the Gram project in detail, talk about its main features and prospects for the future.

Contents:
(please, click the topic to scroll down to it)

  1. What is Gram cryptocurrency?
  2. ICO of the project
  3. Gram cryptocurrency wallet
  4. What are the prospects of the project?
  5. Conclusion

1. What is Gram cryptocurrency?

Gram is a digital coin that is an integral part of the global Telegram Open Network project. This platform will have an innovative architecture that will allow it to achieve unimaginable, by today’s standards, throughput of 1,000,000 transactions per second. For understanding how much this is, you should compare it with the most popular payment service for today, Visa. According to the representatives of the company, their service can handle 24 thousand operations per second, and in theory, this number can reach 56 thousand. But the reality is that the service rarely exceeds the threshold of 1,700 transactions per second. Million, in comparison with it seems something really sky-high. And Bitcoin with its 7 operations per second seems something prehistoric.

The TON project solves two main problems of modern cryptocurrencies at once:

  • scalability;
  • forks (the system will itself roll over updates, and in case of an error block, it will independently correct the subsequent ones).

2. ICO of the project

The cryptocurrency of Pavel Durov had one of the most successful ICOs in history. This is in view of the fact that the project did not conduct public sales of its tokens. In March of this year, two closed rounds of pre-ICO “for friends” were held. In the first, 81 investors participated; in total they invested $850 million. In the second round, investors became slightly larger, there were already more people, they also bought tokens for 850 million dollars. As a result, the project collected about 1.7 billion dollars of investment, which at that time was an absolute record in the industry (a little later EOS broke this record, having collected about 4 billion dollars).

It is worth noting that it was not possible to buy Gram for ordinary private investors within closed rounds of ICO, since the minimum threshold for entering the project was a figure of 1 million dollars.

3. Gram cryptocurrency wallet

Since Gram will have its own blockchain system, the developers assure that they will also create an innovative official wallet. It will be possible to store not only the project’s tokens, but also the usual fiat money in it. Its presentation will take place at the end of 2018.

4. What are the prospects of the project?

The work of developers on the project has already started. For an understanding of further plans for the development of TON, see RoadMap:

  • I quarter of 2018 – development of a secure identifier;
  • Q2 2018 – the first tests of the platform;
  • Q3 2018 – in-depth TON security testing;
  • Q4 2018 – completion of works and official presentation of the TON network and wallet;
  • Q1 2019 – platform integration into Telegram messenger;
  • Q2 2019 – the final launch of the project.

Also, early next year, Durov and his team predict the listing of their tokens on most popular cryptocurrency exchanges.

5. Conclusion

It should be noted that if the development team succeeds in implementing the plan, then this cryptocurrency can become one of the most popular on the market. Now the messenger is used by more than 200 million people. After the successful completion of all work on the creation of the network, Gram can easily enter the TOP-5 of the cryptocurrency projects in terms of the level of capitalization. But the implementation of these forecasts does not happen until mid-2019.

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Cryptopia Got Hacked, Crypto Exchange Is Suffering “Significant Losses”

One of the best crypto exchanges of New Zealand, Cryptopia, was hacked. It announced this sad news via Twitter stating that it had experienced a security breach that ended in a “significant loss”. However, the company did not mention any figures of the loss.

Cryptopia has suspended all the activities on the trading platform for an indefinite period. In addition, it has notified the authorities of the country, and now it cooperates with the police and the country’s High Tech Crimes Unit in order to investigate the hacker attack.

“Staff then notified and involved the appropriate Government Agencies, including NZ police and High Tech Crimes Unit who are jointly and actively investigating the matter as a major crime and they are assisting us with advice,” the exchange stated.

This is the first cryptocurrency exchange theft in 2019, however, many customers of different crypto exchanges call into question the security of them, as there were so many incidents that had to teach exchanges how to deal with it. Some users even blame the exchanges, in particular Cryptopia, in a bear market “exit strategy”.

We remind you

The Hackers of the “51% Attack” on Ethereum Classic Returned Half of the Stolen Funds

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Cryptocurrency Prices Today, January 15: Cryptocurrency Is Trying to Regain Its Positions

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) gained 2.9% over the past 24 hours. The price at the time of writing is $3626 per coin, but it remains quite volatile and changes the value.


The rest of cryptocurrencies are also in the green zone:

Bitcoin Cash added 4.99% over the past 24 hours and costs $133 per coin;

Ripple plus 4.58%, and is $0.33 in value;

EOS added 10.17%, and its price is $2.51;

Litecoin became more expensive by 6.66%, and its rate is $32;

Cardano grew by 5.85%, and its value is $0.043;

Stellar added 5.15% and costs $0.11;

IOTA gained 4.92%, and its cost $0.31;

Dash added 2.19%, and its price is $73;

Monero increased by 8.22% and is $46 in price.


Ethereum added 10.5% over the past day. The cost of the coin is $130.

The total market capitalization is $123 billion. Bitcoin accounts for 52.4% ​​of the total volume. In monetary terms, this is $64 billion.

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The Hackers of the “51% Attack” on Ethereum Classic Returned Half of the Stolen Funds

The alleged organizer of the “51% Attack” on the ETC network transferred back $ 100,000 to Gate.io. bitcoin exchange. It was stated by its representatives on their Twitter account:

As a result of the attack, the users of the Hong Kong Stock Exchange had lost about 46,000 ETC. The representatives of the exchange were going to recover the money lost at their own expense.

However, last Saturday, Gate.io reported that an unknown hacker returned about half of the stolen funds. The company tried to contact the hacker. So far, the reasons he returned the funds have not been clarified since the hacker have not responded.

The representatives of the exchange guessed that if the organizer did not seek to profit, it could be a white hacker who wanted to remind people of the risks. Gate.io also noted that the current hashrate of the ETC network is not high enough, which means that the attack might happen again.

Now a successful transaction in the Ethereum Classic network on Gate.io requires about 4000 confirmations. The exchange is confident that this measure will enhance security and recommends other crypto platforms to stick to such measure to protect traders.

We remind you that despite the significant losses of the Gate.io users, the hackers used a simple hacking algorithm:

«Атака 51%» на Ethereum Classic: полный анализ взлома

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Cryptocurrency Prices Today, January 14: Cryptocurrencies Are in the Deep Red Zone

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 2.2% over the past 24 hours. The price at the time of writing is $3520 per coin.

Cryptocurrencies continue to decline rapidly:

Bitcoin Cash lost 7.08% over the past 24 hours and costs $125 per coin;

Ripple lost 2.31% and costs $0.32;

EOS minus 4.08%, and its price is $2.33;

Litecoin minus 7.92%, and its cost is $30;

Cardano dropped by 6.85%, and its value is $0.040;

Stellar fell by 4.42% and costs $0.10;

IOTA lost 7%, and its value is $0.29;

Dash decreased by 2.79%, and its price is $71;

Monero fell by 2.02% and costs $44.


Over the past 24 hours, Ethereum has lost 6.03%. The rate of the coin is $118.
The total market capitalization rose to $118 billion. Bitcoin’s share is 52.8% of the total volume. In monetary terms, this is $62 billion.

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New Useful Gadget or Promotional Trick: What Is the WT2 Plus Earphone Translator?

A language barrier is the main cause of disagreements and the reason why people of different nationalities cannot fully communicate. But, besides, a language barrier complicates the lives of many travel lovers. Soon this problem will fall into oblivion, as its solution was suggested by Timekettle company in the form of a new gadget WT2 Plus. Now this device is presented at the International Consumer Electronics Show CES-2019 in Las Vegas.

What is WT2 Plus?

This is a wireless earphone translator, which will become an integral gadget when traveling to foreign countries. The novelty caused a huge interest and made many people wonder: “What is the price of WT2 Plus?”. You can breathe a sigh of relief, because the answer is already there! The cost of WT2 Plus is $ 219.

Source: http://www.timekettle.co/

How does WT2 Plus work?

The earphones support Android and iOS operating platforms. They connect with a mobile device via Bluetooth using the application that allows users to set a language. At the moment, the application supports 20 languages, but in the near future the developers will add another 15.

The feature of the application for WT2 Plus is recognition of various accents. For example, the application supports 5 accents of English, including Australian English.

Direct use of portable earphones occurs as follows: in order both interlocutors can talk and hear each other, each puts one earphone from the kit on. When talking, the earphones transmit the sound to the smartphone for translation and transferring the translation back to the earphones. The delay in processing and transferring sound takes only 3-5 seconds, depending on a sentence size.

Even though the manufacturer emphasized the possibility of real-time translation as its main advantage, in fact the device is capable of translating only short phrases, the duration of which do not exceed 15 seconds. For example, the gadget can not be used for continuous translation of a film in a foreign language.

Regardless of the headphones’ being wireless, they will not catch environing phrases and translate them due to the built-in “Touch” mode, which allows you to use WT2 Plus in crowded places.

The earphones themselves are stored in a pocket-case that resembles Apple’s AirPods case. The earphones are charged from the case. Each earphone has a 110 mA battery, and the case battery capacity is 320 mA. Full charge of the earphones takes 90 minutes. The case works for two weeks without recharging, it is enough for two recharges of each earphone.

The manufacturer plans to increase the accuracy of the WT2 Plus translation to 95%. The translation requires access to the Internet, since it is carried out through Google and Microsoft cloud servers.

Gadget Hits and Misses of 2018

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The CEO of Circle Believes That a Clearer Policy of the SEC Will Cure the Crypto Industry

The CEO of the project Circle, backed up by the major bank Goldman Sachs, Jeremy Allaire started a thread on Reddit together with his co-workers, where they debated the accomplishments of the company in the recent time, talked about prospects for the future and discussed the overall situation on the crypto market.

According to the representatives of Circle, one of the main issues with crypto in the US is the lack of regulatory framework and, most importantly, the inability of the Securities and Exchange Commission to clearly define cryptocurrencies as belonging to a particular type of assets.

We remind you:

The SEC: Unlike ICO Tokens, Bitcoin and Ethereum Can Not Be Securities

There absolutely needs to be more regulatory clarity to really make this fly — in particular around who can issue these, how they can be stored and transmitted, and what markets can allow their trading. There’s a lot of attention on this and we absolutely expect to see these issues resolved and for far more real world experiments to hit the markets this year,” said Jeremy Allaire.

Also, the CEO of Circle claimed that the US should follow the example of France and have a separate kind of taxation for crypto-to-crypto transactions.

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