Telegram releases TON TestNet and node software.
September 7, 2019
Telegram releases TON TestNet and node software.
September 7, 2019

Telegram releases codes for TON on its test network portal. Developers can now contribute to examining the full node, validator node, and node explorer.

Telegram’s popularity among blockchain and crypto communities can be a sure shot for a wide usage among its community members.

The release of the TON TestNet is two months ahead of gram currency. Mainnet Launch for Telegram Open Network is expected to release by 31st Oct.

“Source code for a full node that can access TON Testnet, create and validate blocks has been released. Lite client was released several months ago. TON Labs will release Public Beta of its developer tools suite on Monday” Goroshevsky reports CoinDesk.

Mitja Goroshevsky, CTO of TON Labs, says currently 100 nodes are being maintained by Telegram itself on the TON Testnet. His other startups maintain several nodes, headed by investors in Telegram’s token sale raising $1.7 billion in early 2018. It raised one of the biggest initial coin offerings in the crypto industry.

As per TON’s white paper, which was reportedly distributed among investors around January 2018, the platform will be much more scalable compared to Bitcoin and Ethereum, which will allow it to compete with giants Visa and Mastercard in terms of transaction speed. CoinTelegraph Report

Telegram can withhold “proof of stake” with the support of “shardchains”. Blocks will be confirmed by those who stake a considerable amount of tokens.

ALSO READ :  BTC Binary Options DApp launched by Band Protocol on Ethereum

The network will smooth out in facilitating decentralized apps, wallet services, internal payments.


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is a regular publication of information, analysis, and commentary focused primarily on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

You May Also like

AR Crypto Game Promotes On Social Distancing

AR Crypto Game Promotes On Social Distancing

Triffic, a free augmented reality game which rewards players with cryptocurrency, is doing their part to promote social distancing among their user base. On March 26, the startup announced on twitter that beta users...

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain and decentralized apps.
Share This

Share This

Share this post with your friends!