Few were those who until a few hours ago thought that a company like Telegram, known above all for its powerful and complete messaging application, in turn one of the few that can rival the famous WhatsApp, announced the launch your own Blockchain, without a doubt a very interesting move that can completely change the way in which users of the application understand it as such.
As I said, without a doubt we are facing a very interesting movement, according to the owners of Telegram itself, with it it is expected to be that little push they need so that it can succeed in a massive way. On the other hand, thanks to the chosen way to launch this Blockchain, if it is a success among users, Telegram will receive a large amount of money, ideal, according to its owners, to finance all the improvements they plan to implement.
TON, the Blockchain with which Telegram wants to lead the market for instant messaging applications
As in many other launches, on Telegram they have opted for the launch of TON in different phases. In the first an ICO will be created, same with which it is expected to get a lot of money although, for the moment, and although there are many media that want to 'score the goal', it must be taken into account that there is no official information about this ICO launched by Telegram.
Once this point has been made clear, tell you that, according to different reputable media, it seems that the idea of Telegram is to create a network called Telegram Open Network, TON. This network will be based on a third generation Blockchain system, that is, a new evolution of known systems (Bitcoin uses a first generation system while, for example, Ethereum uses a second generation one) that, according to its creators, offer great advantages over traditional ones.
TON will be based on a third generation Blockchain system
As is often the case, in order for TON's advantages to remain apparent, it is best to resort to a direct purchase with your competition. In this way, for example and according to its creators, compared to Bitcoin we have to this system is designed for more than monetary exchange, that is, a kind of Ethereum where there is room for smart contracts.
If we talk about Ethereum, we find that TON will have all the advances that already exist today in Blockchain technology, an example of the latter we have in the use of proof-of-shake, that is, a infinite partition of the Blockchain, uses instant hypercube-based routing and may even support the creation of valid blocks on top of invalid blocks.
Trying to make all this terminology much more understandable, something that will come in handy especially if you are not a true connoisseur of this technology, tell you that according to its creators, using a third generation Blockchain system in TON will favor being able to carry out a much more efficient mining, almost immediate monetary transactions and even use a semi-centralized topology That allows Telegram not to lose control of the network but to maintain the advantages that we all know of Blockchain, such as persistence and resistance to possible attacks.
Telegram expects to raise between $ 1.500 billion and $ 2.000 billion thanks to TON
As for the ICO that Telegram intends to create, tell you that it is intended to put 44% of the tokens created in two phases on the market, one for private investors while the second will be public. Thanks to this action, Telegram is expected to be able to raise some 500 million in the first round to which you have to add some 1.000 to 1.500 million in the second.
Because it is Telegram that will launch TON, it is expected that they can make payments within your own instant messaging application while creating different services such as smart contracts, applications will be created within the TON platform, TON Storage will be created, a storage service very similar to those we know today, a proxy service will be offered to grant anonymous access to the entire platform ...