Bitcoin
BTC$43 287.80

2.05%

Ethereum
ETH$3 010.99

3.55%

Cardano
ADA$2.27

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Launch of the Telegram Open Network


12 Feb 2019

The Launch of the Telegram Open Network Mainnet Expected in March, Investor Reveals


The much-anticipated launch of the Telegram Open Network (TON) might take place at the end of March, according to one of the investors who chose to remain anonymous.

He revealed an extract from the investor newsletter confirming that the overall progress towards the TON operational version has reached the 90% completion phase. The Durov brothers and their team claim that since September 2018, they have made the 20% progress in the network development.

Initially, the release of the TON mainnet was scheduled to occur this January, but it was postponed because, as the very same newsletter indicates, the team didn’t manage to complete the development of all necessary algorithms in due time.

According to the Bell, a reputable Russian blockchain outlet, Pavel Durov scheduled a meeting with TON investors at the end of February where he will showcase a fully-functional test version of the network. At the same time, Ton will initiate stealth testing to detect and eliminate potential issues with the code and various functional aspects.  

Unconfirmed sources claim that the TON testnet has already been operational for an unspecified period of time, available only to a closed circle of users.

As for other essential updates featured in the newsletter, the developers had already completed their work on the CATCHAIN protocol, an integral part of the TON network used to implement general consensus among the validators in attempt to achieve the Byzantine Fault Tolerance (BFT). The streaming broadcast protocols are also said to have been fully developed.

The most significant progress has been displayed in work on the validator software, utilized for the verification of validators and the formation of blocks. As of now, the software is at the 60% completion stage while in September this figure was only at 10%.             

Why TON causes such a massive stir in the blockchain community


The official launch of TON is expected to be arguably the hottest event of this year. The blockchain-based project initiated by two brothers, Nikolai and Pavel, who were the masterminds behind the creation of two ultra-popular social networks (Telegram and VKontakte), had passed the pre-ICO rounds in flying colors, selling 44% of 5 billion GRAM tokes and raising $1.7 billion.

Only a limited number of investors were admitted to the GRAM token sale, among which were such highly reputable venture capital firms as Sequoia Capital, Kleiner Perkins, and Benchmark. These names alone should instill confidence in the future of TON. Such a keen interest from the whales of the financial world can be partly explained by the fact that the Telegram Open Network already has an enormous pool of potential users which is expected to migrate from the vastly popular instant messaging service of the same name.

Given that the number of Telegram’s active users have been growing exponentially over the last five years (the platform currently has more than 200 million monthly active members), the implementation of the blockchain technology could instigate an even larger influx of users. Such a substantial market capitalization and user base offer GRAM a chance to instantly occupy a spot among the top 10 cryptocurrencies upon its official listing on major exchanges.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 82.4% 35 $43 287.80 2.05% -8.49% $814 966 927 933 $32 680 812 854
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 49 $3 010.99 3.55% -9.89% $354 338 554 947 $21 802 081 769
3 Cardano (ADA) ADA Cardano predictions 60% 80 $2.27 -3.89% -2.90% $72 613 126 112 $5 577 581 472
4 Tether (USDT) USDT Tether predictions 94% 1 $1.000700 -0.08% -0.03% $68 590 944 713 $79 368 686 289
5 Binance Coin (BNB) BNB Binance Coin predictions 66.4% 69 $346.18 -1.47% -14.62% $58 205 321 046 $1 873 086 247
6 XRP (XRP) XRP XRP predictions 70.4% 52 $0.947086 0.59% -10.97% $44 245 636 148 $3 503 428 805
7 Solana (SOL) SOL Solana predictions 66.8% 73 $137.06 -1.92% -13.76% $40 744 147 032 $2 455 458 712
8 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000483 -0.05% -0.03% $31 006 963 781 $3 830 168 851
9 Polkadot (DOT) DOT Polkadot predictions 67.6% 69 $29.44 -3.25% -12.15% $29 070 856 010 $2 592 379 334
10 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 77 $0.205929 -0.86% -12.64% $27 068 780 737 $1 515 174 486
11 Avalanche (AVAX) AVAX Avalanche predictions 56.8% 87 $68.09 -3.41% -4.08% $14 998 710 235 $1 234 318 562
12 Terra (LUNA) LUNA Terra predictions 69.2% 59 $36.34 -4.22% 4.95% $14 536 281 852 $1 625 437 616
13 UniSwap (UNI) UNI UniSwap predictions 64.8% 74 $23.42 20.32% -1.22% $14 325 624 849 $1 167 934 535
14 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.000303 -0.07% -0.05% $13 693 477 670 $5 597 328 153
15 Chainlink (LINK) LINK Chainlink predictions 67.6% 70 $25.06 10.18% -9.97% $11 403 176 618 $2 018 605 273

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