Copy link
Increase text size
Decrease text size
Link copied

Telegram releases code for running nodes on TON Blockchain

Mon, 09 Sep 2019, 05:17 am UTC

Encrypted messaging giant Telegram is inching closer to launching its blockchain, Telegram Open Network (or TON).

On Friday, September 06, Telegram released TON Testnet explorer and node software on the test network portal, CoinDesk reported. Previous reports had suggested that Telegram was going to release the code required to run a blockchain node on September 01.

The cause for the delay in the release is not known at the moment.

A private beta testing of the TON testnet was released earlier this year. The latest release will allow a wider range of users to run their own nodes.

Speaking to CoinDesk, Mitja Goroshevsky, CTO of TON Labs, said that Telegram itself is maintaining 100 nodes on the testnet, while several more are maintained by TON Labs – the development firm set up by the investors who participated in Telegram’s $1.7 billion token sale.

“Source code for a full node that can access 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 said.

TON mainnet is slated to launch by October 31. However, in case this doesn’t happen, Telegram will have to refund investors, deducting the expenses associated with the development.

The TON white paper defines the network as “a fast, secure and scalable blockchain and network project, capable of handling millions of transactions per second if necessary, and both user-friendly and service provider-friendly. We aim for it to be able to host all reasonable applications currently proposed and conceived.”

A form of sharding is built into the system – the TON blockchain can support multiple shardchains. Also, the blockchain uses a proof-of-stake protocol and the blocks are confirmed by validators – special nodes who have staked considerable amounts of tokens.

Recent reports have also suggested that Telegram was planning to launch the first batches of its Gram token by October.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $37,267.60 (-0.76%)
  • Ethereum (ETH) $1,238.71 (+1.81%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.353800 (+11.42%)
  • Litecoin (LTC) $148.14 (-0.57%)
  • Bitcoin (BTC) $37,267.60 (-0.76%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.