Telegram Releases Its Blockchain (TON) Testnet Node; Public Beta Set To Launch On Monday
Telegram’s blockchain project, Telegram Open Network (TON), is on the verge of launching its main net following the release of its test net node software and blockchain explorer on Sept 5. The messaging app released its implementation code on its test network website earlier on Friday providing users with a node, validator node, and explorer. Telegram’s blockchain is designed as a proof-of-stake protocol with the support of multiple
The official launch of the test net was scheduled for September 1 but due to unconfirmed reasons, the company delayed the release. Now users are in access of the nodes allowing them to test the validation and authentication of transactions on the TON network. The public beta release is expected to be launched on Sept 9. As confirmed by Mitja Goroshevsky, CTO of TON Labs. He said,
“Source code for a full node that can access test net, create and validate blocks has been released. Lite client was released several months ago. TON Labs will release Public Beta of its developer tools suite on Monday.”
Telegram raised its private initial coin offering during the past one year selling tokens worth a total of $1.7 billion USD. The Telegram tokens (GRAM) are set to be launched in the coming month as reported earlier.
Telegram Embracing Crypto
The messaging app is showing affinity to crypto with the latest TON project release. Furthermore, the app is planning to introduce Bitcoin transactions on the app, opening a gateway to over 300 million users to the cryptocurrency world.