Telegram company in the letter to its investors has informed that they are going to launch Telegram Open Network (TON) project in the third quarter of this year.
Telegram representatives in their letter to investors have said that the network testing is successful: test blockchain works well, and the consensus algorithm corresponds to goals, stated in the White Book of the project.
“Testing has confirmed our certainty that TON virtual machine and Byzantine consensus algorithm correspond to goals, stated in the original White Book”, – project managers stressed.
Bitcoin doubler 2x notes that TON will allow running decentralized apps and will become some analogue of Ethereum. The initial Telegram tokens app (ICO) became one of the largest in the history – the company gathered $1,7 milliard.
Beforehand it was informed that Telegram became closed testing of TON network. Access to blockchain received limited number of companies. It was expected that Telegram would launch its blockchain project in March, however testing took more time than they planned.