Taylor crypto trading bot announces icon
A spokesperson for DST did not reply to our inquiry about this story. Moving to a decentralized blockchain platform could kill two birds with one stone for Telegram. Telegram has played a delicate political balancing act to try and retain its users in the country, shutting down some channels for calling for the downfall of the government, while keeping others open. With TON, Telegram aims to develop cryptocurrency-based utility akin to WeChat, which has blossomed into much more than a chat app and acts as default payment mechanism for many in China.
While payments can be made very quickly in WeChat for a variety of services, the system remains very centralized. A decentralized platform such as TON could offer more security and resilience. Again, here TON could, in theory, underly everything a developer brings to Telegram.
And it will also use 2-D Distributed Ledgers. This means the TON can grow new valid blocks on top of any blocks that were proven to be incorrect to avoid any unnecessary forks.
It will also handle storage of ID, payments and smart contracts. So, instead of relying on proof of work to create its currency, Telegram will rely on a new, less energy-hogging way of mining cryptocurrency than the original Bitcoin method.
The claim is that it will be capable of a vastly superior number of transactions, around 1 million per second. In other words, similar to the ambitions of the Polkadot project out of Berlin — but with an installed base of million people. Moving to a decentralized blockchain platform could kill two birds with one stone for Telegram.
Telegram has played a delicate political balancing act to try and retain its users in the country, shutting down some channels for calling for the downfall of the government, while keeping others open. With TON, Telegram aims to develop cryptocurrency-based utility akin to WeChat, which has blossomed into much more than a chat app and acts as default payment mechanism for many in China. While payments can be made very quickly in WeChat for a variety of services, the system remains very centralized.
A decentralized platform such as TON could offer more security and resilience. Again, here TON could, in theory, underly everything a developer brings to Telegram. And it will also use 2-D Distributed Ledgers. This means the TON can grow new valid blocks on top of any blocks that were proven to be incorrect to avoid any unnecessary forks.
It will also handle storage of ID, payments and smart contracts. So, instead of relying on proof of work to create its currency, Telegram will rely on a new, less energy-hogging way of mining cryptocurrency than the original Bitcoin method. The claim is that it will be capable of a vastly superior number of transactions, around 1 million per second.
In other words, similar to the ambitions of the Polkadot project out of Berlin — but with an installed base of million people.
The remaining 44 percent will be sold in both the public and private sale.