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Telegram Officially Announces To Shut Down TON Testnet By Next Month

In a July 6 update, the official TON development group on Telegram announced that it would be discontinuing its support of the test network for TON by next month.

The remaining of its TON validators will be turned off by August 1.

The TON official recommended network participants save all their relevant data and stop their testing processes.

Despite the testnet being set to shut down less than a month from now, network participants will still be able to continue their experimentation even after the testnet is terminated.

In order to do so, users can install their own testnet validators, described in greater detail in three different how-to documents containing guidelines for:

Telegram launched its TON testnet for explorer and node software on Sept. 6, 2019, anticipated for its scheduled Oct. 31 launch last year.

However, Telegram released an alpha version of an iOS wallet to work with its native token, the Gram.

Telegram’s TON plans did not go as planned as the United States Securities and Exchange Commission suddenly deemed Telegram’s $1.7 billion ICO illegal in mid-October.

After a long-running legal battle with U.S. regulators, Telegram finally agreed to shut down its TON project, as well as return $1.2 billion to investors in line with a court-approved final settlement.

Telegram to pay SEC fine of $18.5 million and return $1.2 billion to investors as it dissolves TON by @jshieber — TechCrunch (@TechCrunch) June 26, 2020

As officially announced by Telegram CEO Pavel Durov, the firm had already reimbursed more than $1.2 billion by June 25.

Source: Cointelegraph | Image: Unsplash



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