Telegram Officially Launches its Own TON Blockchain Onto a Private Testnet, Clocks High Speeds Already
Being decentralized with an emphasis on confidentiality and security for its users, Telegram has gained fame and a little bit of notoriety if we're taking into account its reputation in the eyes of the Russian government.
With its steady growth, the global messaging system has officially launched a private beta test of its new dedicated blockchain solution. Known as the Telegram Open Network, the solution went into closed beta as of this week, according to a Russian media outlet in April 11th.
According to the Russian news team, known as Vedomosti, Telegram has officially opened up access to this test iteration of the TON blockchain to only a limited pool of developers in order to get very constructive feedback with regards to its performance, especially intending to put it into the hands of Russian development teams.
The news outlet went on to cite two anonymous developers that have reportedly obtained early access to this beta version of the TON blockchain, these team were able to get set up and establish themselves as TON blockchain nodes.
For the moment, this testing has not managed to provide many distinctive outcomes for the Telegram team, these previously mentioned testers have since disclosed that there are some positive notes to take away from the test so far. Specifically, the TON blockchain has managed to demonstrate an ‘extremely high transaction speed.'
While this is an added positive for the team, these indices for measuring the transaction speed are not available for the moment, meaning that this information could not be substantiated. This is reasonable, however, considering the fact that the code itself, including its accompanying smart contracts, are in the process of testing, meaning that they're not readily accessible.
Telegram struck its foundation with an emphasis on the need for providing users with a far greater degree of confidentiality when it comes to their communication with other users internationally. Making use of encryption, Telegram was founded by Nikolai and Pavel Durov back in 2013, and had managed to accrue a massive population of 200 million active users according to reports over March 2018.
In more recent news, approximately 3 million new users signed up, according to the team over the span of 24 hours. This . was made all the more possible thanks to the series of outages experienced by Facebook, Instagram and Whatsapp over March 14th. This was according to an official post by Telegram Co-founders published at the time.
It was during this same year that Telegram ICO had managed to raise a record breaking (at the time) of approximately $1.7 billion across two private rounds of Initial Coin Offerings. These would go on to fund both its encrypted messaging service, but also its TON platform development.
While it was reported by the Russian media outlet Vedomosti that the Telegram team would be releasing a test version of its TON solution in the third quarter of 2018, there has yet to be solid metrics associated with the official launch date of TON blockchain overall.
Durov has also since declined the opportunity to provide a solid date for its release as well. In more recent news, it was reported that purchase agreements for Telegram tokens within the messaging service would officially be terminated if TON is not able to launch on the estimated date of October 31st 2019.