The CEO and co-founder of Telegram Pavel Durov acknowledge the TON technological network that was resurrected after it was abandoned in 2020.
Durov states that he is highly interested in this new technology, which has the potential to evolve greatly, and that he believes the Blockchain is way ahead of its time.
The cryptocurrency market evolves on a daily basis, offering new technologies that aspire to revolutionize the world as we know it.
The competition is fierce, but Telegram’s innovative technology may enable it to outperform rival companies.
Telegram has indeed been growing for just a year, particularly in 2020, for the benefit of the cryptocurrency market and social platforms.
Eventually, this Blockchain network transitioned from TON to Telegram Open Network to TonCoin, a cryptography-focused network.
TonCoin is also distinct from TON in that it is solely committed to the social network.
Durov, who manages the social network and cryptocurrency initiative, expressed his optimism for the new network while wishing those who continue with the previous protocol, TON, success.
These remarks follow the announcement by Donate’s confirmation payment server that it would accept TonCoin as means of payment.
The TON protocol representatives revealed in the early hours of Thursday, December 23 that they are aiming to collaborate with the Donate server, which declared that individuals will now be able to contribute money through TonCoin.
The protocol agents stated that the indigenous cryptocurrency revenue would be withdrawn. There have been speculations regarding this prospective corporation since last Monday, and they have now been confirmed.
The Telegram protocol, TON, is made up of a Blockchain designed by Pavel and Nikolai Durov for the year 2017. Even yet, it did not begin operations until 2020.
The Durov brothers conducted a long legal struggle with the US Securities and Exchange Commission (SEC) and other regulators over cryptos. The cryptocurrency project was not restarted until 2021, thanks to the zeal of both CEOs.
According to sources, the TON project is supported by around 160 thousand individuals. TonCoin, on the other hand, has roughly 50 thousand active users. As more announcements about cryptocurrency become available, adoptions are increasing.
TonCoin is currently selling at $3.45 on the cryptocurrency trading platform CoinMarketCap, up 45.20 percent in the previous 24 hours.
This cryptocurrency has a market capitalization of over $17 billion and a trading volume of more than $26 million USD.
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