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The Bell: Durov told investors about successful testing of Telegram blockchain platform

The system passed two “important tests”.

Telegram messenger Pavel Durov confirmed that the blockchain platform TON (Telegram Open Network) is successfully tested and focuses on launch in the third quarter of 2019. Writes about this The Bell, having familiarized with the letter TON to investors.

According to the letter, TON testing began at the end of March. The system passed two “important tests”: for fault tolerance in case of incorrect and fraudulent actions, as well as for processing transactions and smart contacts on single nodes of the network.

TON also sent developers the specification of a software transaction management language – Fift.

In early April, Vedomosti wrote about the start of TON testing in a closed format. Initially, Telegram was going to launch cryptocurrency in March 2019, but the dates were postponed.

For the first time about the creation of TON became known in January 2018. The founder of Telegram raised $ 1.7 billion from investors. From the published documents, it follows that the system uses a new cryptocurrency Gram. Durov promised investors to process transactions several times faster than Bitcoin and Ethereum blockchains, as well as to compete in speed with Visa and Mastercard. If the blockchain platform is not launched until October 31, 2019, investors will get money back, The Bell said.

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