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Exclusive Telegram to Release Blockchain Platform and Native Cryptocurrency

December 22, 2017, 11:34 am

The popular encrypted messaging app Telegram will launch its own Blockchain platform and cryptocurrency which is according to the sources familiar with the matter. The new platform will be dubbed either “The Open Network” or “Telegram Open Network” and is supposed to be based on an improved version of the Blockchain technology.

The popular encrypted messaging app Telegram will launch its own Blockchain platform and cryptocurrency which is according to the sources familiar with the matter. The new platform will be dubbed either “The Open Network” or “Telegram Open Network” and is supposed to be based on an improved version of the Blockchain technology.

Exclusive Telegram to Release Blockchain Platform and Native Cryptocurrency

Cointelegraph learned that the currency of TON will be called “Gram” and the platform will be natively integrated with many of the most popular messaging apps. The platform will utilize light wallets, making it unnecessary for some users to download a large and unwieldy Blockchain.

Exclusive Telegram to Release Blockchain Platform and Native Cryptocurrency

The Mark Zuckerberg of Russia

                       The enigmatic Pavel Durov which is teamed up with his brother to launch Telegram in 2013. The app boasts end-to-end encryption, making it extremely useful for dissidents and some ordinary citizens living under oppressive regimes. In fact, according to Bloomberg, Telegram accounts for 40% of the Iran’s internet traffic. The Iranian government is very aggrieved by the app’s privacy features that they have charged Durov, in absentia, of terrorism. 

Exclusive Telegram to Release Blockchain Platform and Native Cryptocurrency