Telegram Open Network enters into Private Beta

telegram launches network in private beta, an outlet of Russian news reported that Telegram’s Open Network has moved into private beta. This will give the beta testers and programmers access to the massively publicized cryptocurrency project.

The venue has given two references where access has been given to beta network yet the details of how the testing looks like are ambiguous.

In addition, there have been talks about the development of Telegram Open Network (TON) since 2018 when its ICO set records when it raised to 1.7 billion in 2018. Since that time the progress has been slow and any bonafide development of TON is awaited.

Telegram is intending to purchase its massive user base unlike Ethereum, NEO, or Tron, that allow users to have decentralized applications powered by the Gram token. Gram has the potential to become one of the most valuable cryptocurrency if it sustains its ICO market capitalization. The reason why people have an interest in this project is that it seems to be capable of getting the position of top 10 or top 5 cryptocurrencies if it delivered results.

According to reports t in order to remain valid, gram must have launched for token purchase agreements by the end of March. By starting in March would have given gram 6 months for completion. It also stated that reports of a testnet are encouraging.

On the other hand, another outlet, says that it is not the right time to talk about testnet results since the testing of blockchain code and smart contracts is still not done.

Earlier this year, telegram sought to shut down one of its business registrations in Britain which raised many eyebrows possibly as a response to rule changes in the British Virgin Islands.

Moreover, Telegram is also banned in Russia. It was banned when the company refused to cooperate with an FSB ( Russia’s Intelligence)application for helping coded conversations between the users. Although the app is popular in other places and has proved to be helpful for thousand of cryptocurrency users groups.

It was also reported in February this year that the blockchain was 90 percent completed and a testnet was expected in March but then no test happened.

The testnet is still not accessible to anyone, however, according to Russian sources a private beta is opened and surprisingly telegram gave Russians the access despite the fact that Russians banned it. Gram has potential to see heavy trading if once it goes live.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

Related News

Hot Stories

Seth Green loses his 4 NFTs in a Phishing scam; begs not to buy them.
Dogecoin price analysis: DOGE/USD set to break above $0.1 soon?
Do Kwon moves on LUNA`s revival plan despite 90% rejection votes
Dogecoin Price Prediction 2022-2030: On its Path to Recovery?
Recession talks surge, Elon Musk predicts one lasting up to 18 months as crypto tanks

Follow Us

Industry News

South Korean government revives ‘Grim Reapers’ as Terra`s collapse puts it on the regulation edge
TFL's legal team has left the company amid the LUNA crisis
Do Kwon moves on LUNA`s revival plan despite 90% rejection votes
Japan's banking giant Nomura set to launch crypto division
Leading Korean law firm to sue Do Kwon amid UST and LUNA ordeal