$ 1,052.83 1.33%
$ 32.98 0.47%
$ 0.067169 1.79%
$ 4.49 0.00%
$ 19,255.35 1.47%
$ 216.23 1.01%

TON blockchain: Telegram has finally unveiled the code for its blockchain network

Trump 23

Telegram has released the codes and documentation for its upcoming TON blockchain. The blockchain will be launched in the next month while the code and documentation for the testnet were released on Friday.

The release allows developers to download a version of the TON blockchain software. The software includes support for nodes and validators in order for verification of issues such as bug and other errors. Furthermore, the release also included a block explorer that allows users to navigate through the network.

The code written in Fift will allow developers to prepare for the programming language. FIft is a programming language that was created solely for the purpose of creating and managing the smart contract on the TON blockchain.

TON blockchain: How does it work?

TON will be a proof-of-stake blockchain platform that shall provide a rapid and secure transaction. TON blockchain will be a network consisting of various blockchains built around the “master blockchain.”

The “master blockchain” is surrounded by many “working blockchains” that manage the traffic on the network. The “shard blockchains” micro-manage the work of “working blockchains.”

After the launch of the blockchain, Telegram will integrate the application into the messaging app.

Telegram raised more than one and a half billion dollars ($1.7B) for the project but chose to keep it under wraps until now. However, the company has to launch the blockchain by the end of last month, or it will have to repay the sum raised in the token sale.

With such an incentive, it is unlikely that the project will delay any further. Meanwhile, Facebook’s Libra will be launched one year later. The messaging apps have entered the blockchain and are likely going to be rivals in more ways than one.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related News

Hot Stories

Uniswap price analysis:  UNI/USD in strong bearish grip as price slides down to $4.87
Aave price analysis: AAVE gains positive momentum towards $56.3
Ethereum price analysis: ETH fails to retrace, consolidates around $1,050
Avalanche price analysis: AVAX /USD is under a bearish spell, as the price depreciated to the $16.10 level
Chainlink price analysis: LINK finds support at $6.00

Follow Us

Industry News

Three Arrows files for Chapter 15 bankruptcy in New York
KuCoin boss denies halting withdrawals
Crypto plunges to its worst in 11 years
CoinFlex CEO announces a shift in withdrawal date
Three Arrows could be liquidated due to the crypto market's bearish streak