![]() It is expected to feature sharding and several functional consensus mechanisms. Telegram’s blockchain is based on a Proof-of-Stake (PoS) protocol and is compatible with Ethereum-based software. Something for which they raised a funding of around $1.7B last year.Ī glimpse of TON project can also be taken from this video:. The project, as per Telegram experts, is created with the intent to overcome the inability of existing blockchain platforms in terms of encouraging widespread cryptocurrency adoption. TON is a blockchain-powered network project designed to manage millions of transactions every second in a faster, secure, and scalable manner. ![]() Something we will talk about in detail in this blog. Whereas, Telegram – the instant messaging platform developed by Pavel Durov and Nikolai Durov – is relying on the technology to launch its own Blockchain-based project, TON (Telegram Open Network).The brand also developed a digital wallet, Calibra where users can store funds from different payment providers like MasterCard, PayPal, Stripe, and Visa and send Libra through their smartphones. Facebook released Libra, a global currency and financial infrastructure that empowers billions of users.This has made various instant messaging brands turn towards Blockchain – with Facebook and Telegram being the two popular names. ![]() The technology, that brought a significant impact on the whole economy, is making it possible to develop a communication network that’s unstoppable, unbreakable, and impossible to hack. However, with the advent of Blockchain, the instant messaging platforms are getting a push towards encryption. Because of this, the risk of volatility, censorship, network blocking, and other controlled policies emerge as a barrier to delivering instant and effective communication experience. ![]() They have made it possible to connect with people in real-time and share every moments in the form of pictures, emoticons, audio/video calls, and more.īut even amidst a series of benefits, one core challenge remains.Īlthough almost all the messaging applications operate with ‘client-to-server’ communication where a unique ID is linked with each thread, the databases are centralized. Messaging apps have made communication faster, simpler, and effective. ![]()
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