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What is TON ( Telegram Coin) and How does it work ?

You may have heard that Telegram has been developing the Telegram China Lock project since 2017. Blockchain Telegram is a cryptocurrency platform called TON Blockchain, whose currencies will be known as Gram. Telegram believes that the Hot Telegram China blockchain project will be a real compliment to traditional currencies; Because it will increase the speed, efficiency, and security of everyday financial transactions. Blockchain Telegram will build a sustainable ecosystem that will offer significant improvements over previous platforms in terms of speed, usability, and scalability.

Telegram, a suitable platform for cryptocurrencies

In the age of cryptocurrencies, Telegram is a fast messaging network that has attracted hundreds of millions of users worldwide, making it one of the largest messaging platforms in the world. Also, this popularity results from the global trend towards the use of instant messaging. More than 70 billion messages have been send by more than 200 million active Telegram users.

For this reason, Telegram has the essential advantage and enough users to enter the field of cryptocurrencies. Due to its high security and confidentiality, Telegram has dared to enter the field of cryptography.

But before we look at the Telegram blockchain, let’s take a brief look at Telegram’s history.

Telegram project history

Telegram was founded in 2013 by Pavel Durov and his brother Nikolai Durov. Powell and Nikolai are also the founders of VKontakte, Russia’s largest social network. Also, telegram allows users to send voice messages, images, videos, and files in various formats, with the ability to form groups of up to 200,000 members.

Telegram uses a three-layer encryption system; WhatsApp, on the other hand, uses a two-tier encryption system. With its good security and its commitment to data decentralization, Telegram has attracted the attention of many crypto fans.

Ranking of online messengers in terms of security

To achieve this level of security, the Telegram infrastructure consists of servers distributed in different countries of the world. Also, the distribution of servers ensures a high level of decentralization, which has provocation a negative reaction from some governments. In 2018, Russia blocked Telegram for failing to provide useful information to the country’s security agencies.

China Telegram Block – TON Free Telegram Network

The Telegram Open Network (TON) is a telegram blockchain project that aims to develop a fast, secure, and scalable ecosystem to manage millions of transactions per second. It is understandable why Telegram China Blockchain has become one of the most anticipated China Blockchain projects.

The main features of China Telegram Block – TON

It is noteworthy that the free network of Tegram promises a new generation of China blockchain that offers many features to users. Also, the security and speed of the Telegram blockchain allow the major use of hot ciphers. Using the free Telegram network, users will be able to make purchases and exchange using hot coin wallets.

In general, the Telegram China block consists of the following sections:

  • Telegram Blockchain Storage is defined as “torrent-based file storage technology that uses smart contracts to ensure accessibility.” It can be said that this feature will be used in decentralized software (DApps) that require a huge amount of storage space.
  • A proxy is used to hide the identity of individuals and create a decentralized virtual private network to increase online security. The network’s ultimate goal is to “ensure censorship for every service, including Telegram.”
  • Telegram Free Network Service has been introduced as a platform for decentralized software, smart contracts, and a decentralized browsing experience.
  • Blockchain DNS ( DNS ) is a telegram service that will enable users to easily access decentralized services using the World Wide Web. ( What is DNS? )
  • Telegram China Block Payments enables fast off-chain payments within the network. It also has internal security controllers that ensure the security of currency movement as much as intra-chain transactions.
  • A virtual machine is defined as the part that processes intelligent contracts within a network.

Telegram blockchain hot coins are not tradable yet.

Websites claim to be selling Telegram Free Hot Shots to the public. These websites sometimes advertise their offers as “token pre-sales,” and some claim to have an affiliation with Telegram. According to Telegram’s official announcement, none of these websites are affiliated with Telegram, and hot coins have not yet been distributed to anyone. The Telegram blockchain on which the hot cryptocurrency will operate is still in the testing phase. When Telegram Block China officially launches, hot ciphers will be produce and put up for sale.

Read: What is the China Block?

Telegram Blockchain (TON) will be separate from Telegram messengers.

According to the official announcement of Telegram, at the beginning of the operation of the Telegram China block, the wallet of the Telegram free network will be available only independently. The hot wallet will not be integrate with the Telegram app and will be available as a separate app. In this case, the hot wallet is expect to compete with other wallet apps. Of course, according to Telegram, the hot wallet may be integrate with Telegram messengers in the future.

Conclusion

In short, the Telegram Free Network offers a Chinese blockchain that:

  • It’s fast.
  • It is safe.
  • And can manage millions of transactions per second.

Telegram will use a peer-to-peer network with a distributed database to accomplish its goals. This network will have the following features:

  • A secure storage space,
  • A proxy to protect users’ privacy and prevent censorship,
  • A dinosaur that can produce indispensable structures whose structure is readable to humans;
  • And a fast and secure platform for financial transactions