An announcement has been made by Telegram through its Telegram Channel that a new separate programming language for its Telegram Open Network (TON) has been launched named Fift. The new programming language aims in improving and handling TON blockchain smart contracts. Apart from that, TON has also reportedly collaborated with a German financial service provider in April named Wirecard.
A messaging app company, Telegram has successfully completed the beta test of its Blockchain Network. The blockchain called Telegram Open Network (TON) has been developed, they claim that he TON blockchain has displayed a significantly high transaction speed. Announced that it will be launched by the end of October 31, 2019.
Telegram targets to raise $500 million through its Pre-ICO. The set target is said to be met by a series of private presales. The launch of wallet has been set for fourth quarter of this year. The Telegram Open Network (TON) will use tokens to carry out internal user payments which would drive nearly 3 to 5 billion through public distribution.
The messaging app, Telegram, will launch a new platform for Blockchain and cryptocurrency. The currency of the Telegram Open Network (TON) will be called “Gram” utilizing light wallets. This platform would not go through multi-year bootstrap period like many other new platforms.