Editors Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: STEPHEN ONEAL, reprinted with authorization by Odaily.
Editors Note: This article comes from
Cointelegraph Chinese (ID: CointelegraphChina)
, Author: STEPHEN ONEAL, reprinted with authorization by Odaily.
In early July, Telegram announced that it would stop supporting the Telegram Open Network’s testnet, in what appeared to be another (and possibly the last) sign of Telegram’s permanent exit from its blockchain project.
Telegram’s choice to drop TON amid a protracted legal battle with the U.S. Securities and Exchange Commission (SEC) apparently came close to convincing the courts that TON’s $1.7 billion private offering was an unregistered sale of securities. So, does the latest development mean TON is dead? Developers of independent TON-based projects don’t think so.
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Telegram cuts ties with TON
TON, led by Telegram, is an open-source project whose full code was released on GitHub in September 2019. A blockchain platform designed to facilitate payments and host decentralized applications beyond the scale of Visa, Ton and its internal cryptocurrency, the Gram, will be integrated into the Telegram Messenger app, which has more than 400 million users worldwide user.