Share this article
Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain
Telegram’s blockchain project, TON, has entered the last preparation stage before going live.
Updated Dec 12, 2022, 12:50 p.m. Published Sep 6, 2019, 9:46 p.m.
Make us preferred on Google
Telegram’s blockchain project, TON, has entered the last preparation stage before going live.
The code for running a blockchain node was released on the test network portalhttps://test.ton.org/ late Friday. Now developers and community members interested in the messaging app provider's blockchain can start kicking the tires of a full node, a validator node and the blockchain explorerhttps://test.ton.org/testnet/last.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons.
According to Mitja Goroshevsky, CTO of TON Labs, which is working on tools for devs, there are currently 100 nodes maintained by Telegram itself on the testnet. Several more are maintained by his startup, helmed by investors in Telegram’s token sale, which raised $1.7 billion in early 2018.
"Source code for a full node that can access testnet, 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," Goroshevsky told CoinDesk.
The mainnet launch for the Telegram Open Network is set to happen no later than Oct. 31.
Telegram’s blockchain is designed as a proof-of-stake protocol with the support of multiple "shardchains." Validators, chosen from among those users who stake considerable amounts of tokens, will confirm the blocks.
The TON blockchain will be compatible with ethereum-based software, according to TON Labs.
image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
XRP climbs to $1.90 but struggles to break out of tight range
Traders are watching $1.88 as support and $1.94–$2.00 as the levels XRP needs to clear to break consolidation.
What to know:
- XRP rose about 0.4 percent to trade near $1.90, but remained locked in a narrow consolidation range.
- Support around $1.88 has repeatedly attracted buyers, while rallies continue to stall below the $1.92 to $1.94 resistance band.
- Traders expect range-bound price action to persist unless XRP breaks above $1.94 toward $2.00 or falls below $1.88 toward the $1.80 area.
Top Stories
