Telegram Messenger to Launch Its Blockchain Platform And Cryptocurrency

Popular Messaging App Telegram to Release Its Own Blockchain And Cryptocurrency

Telegram is likely one of the hottest messaging apps on the market. The app gained momentum when world’s main messaging utility WhatsApp was acquired by Fb and there was lots of concern concerning the privateness of customers. Now, Telegram boasts of greater than 180 million month-to-month lively customers and has turn into one of the vital used messaging apps on the planet. Constructing on its success, the corporate is about to launch its personal blockchain platform with native cryptocurrency as claimed by a brand new report from CoinTelegraph.

The publishers cited Anton Rozenberg, who’s a former worker of Telegram’s publishing division, Telegraph. Rozenberg posted a video on Fb which he claimed to be an advertorial video from Telegram. The video showcases the brand new blockchain expertise that Telegram is alleged to be launching in 2018.

In keeping with the video, the blockchain expertise can be known as “Telegram Open Community” or TON and relies on the improved model of blockchain expertise. TON can be a quick, scalable, and user-friendly blockchain based mostly cryptocurrency platform. If and when TON can be launched, all the present Telegram customers will mechanically get a cryptocurrency pockets linked to their account. The pockets will permit customers to switch cash to different customers with out utilizing any conventional banking establishment.

Pavel Durov, who’s the co-founder of Telegram has already launched a press release up to now through which he mentioned that your complete blockchain group has shifted to Telegram for his or her messaging wants. Contemplating this together with the truth that Telegram is planning to launch a monetization program in 2018 which might allow the service to develop with out hampering person privateness, a brand new cryptocurrency looks as if the plain possibility.

Telegram additionally has a giant benefit of its already present 180 million person base which is rising with every passing day. That implies that if the corporate does resolve to launch a cryptocurrency, it gained’t must undergo a bootstrap section to accumulate customers. Each issue which now we have thought-about appears to level in the identical route, however for the reason that founders have declined to remark, we must wait and see if Telegram does resolve to launch its personal blockchain and cryptocurrency or not.