About Telegram (TON)
Telegram (TON) intends to leverage its expertise in encrypted distributed data storage to create TON (Telegram Open Network), an all-encompassing decentralized network solution including a unique multi-blockchain architecture, a peer-to-peer network, distributed file storage, a third-party service layer with standardized interfaces, a micropayment platform, network proxy, DHT, and DNS. TON is designed to be fast and inherently scalable, so as to be capable of hosting a new generation of cryptocurrencies and decentralized applications.TON will allow easy integration with third-party messaging and social networking applications, the primary integration being with the Telegram Messenger. TON light wallets will be built into Telegram applications, which will then also double as TON clients. The TON tokens which will serve as the principal currency on the platform and in Telegram’s in-app economy will be called Grams.
Telegram declares itself as uniquely positioned to establish the first mass-market cryptocurrency by providing a platform that combines speed and scalability, intuitive user interfaces, and an engaged user base. The team will rely on its cumulated experience to create light wallets, exchanges, and identification services that will allow users to get on board with cryptocurrencies in an intuitive way, and will leverage its existing ecosystem of communities, developers, publishers, payment providers, and merchants to drive demand and value for TON cryptocurrency.
Disclaimer: The review is based on a leaked whitepaper and is pending for official verification from Telegram.