Listed here, we retrace the origins of Telegram’s crypto community, up to what we all know this day as the TON blockchain.
We then delve into the technical characteristics of this mission, highlighting the total dynamics which comprise led it to success in the web3 sector.
Let’s peek all the pieces in ingredient below.
Abstract
Telegram and the first (failed) manner to the area of crypto in 2017
The major encounter between Telegram and the crypto world dates serve to 2017, when the founders of the social media began to explore new solutions in the blockchain field.
In the intervening time, there became once, in reality, no cryptographic community able to supporting the total person internet site traffic of the platform, estimated in billions of things.
Pavel and Nikolai Durov, brother founders and owners of Telegram, decided after a one year of study to launch their own mission.
In 2018, the blockchain identified as “Telegram Commence Community” comes to gentle, along with the GRAM token (later renamed TON).
This closing handy resource, sold publicly through an ICO, became once launched as a homicide of project capital financing for the firm.
In transient, with the proceeds from the public sale, the Telegram group would comprise enhanced its servers and products and services supposed for the crypto sector.
Over 80% of the funds raised had been deliberate to be spent on instruments, bandwidth, collocation, and person verification charges.
The topic arose when, finest 2 years later, the Durov brothers were compelled to exit the mission following an injunction from the Securities and Exchange Rate (SEC).
The US regulator had detected in the insist of the Russian entrepreneurs the presence of a public offering of an unregistered “security”.
The SEC fined Telegram an amount of 18.5 million greenbacks and your entire mission became once (nearly) abandoned to make room for other opportunities.
The Durov brothers were furthermore compelled to attain the cash to the merchants of the ICO, amounting to about 1.7 billion greenbacks.
The launch provide blockchain of TON is born
As talked about, the preliminary Telegram mission became once abandoned by the founders themselves, and the new crypto GRAM ended up in the forgotten.
On the opposite hand, from 2018 to 2020 the social media had made mammoth strides in designing the blockchain community The Commence Community, furthermore achieving crucial milestones.
Till the arrival of the sanction from the SEC, the product had been improved loads of instances. The improvement group had launched a lite model of the blockchain community client, published a total provide code for nodes on Github and launched a testnet.
As a consequence of the crypto community became once nearly ready to debut available on the market, the founders of Telegram idea it wise to decentralize the mission.
Your total codes comprise been disbursed in an launch provide manner to the developers, stunning as Tesla did with the liberalization of patents for electrical autos a pair of years earlier.
From there became once born what we all know as the TON blockchain, even supposing it has kept the title Telegram Commence Community.
GRAM became once renamed TON (Toncoin), with the correct distinction being that the token became once no longer managed by the firm itself, however had change into a free handy resource.
This transition has resulted in an intensive shift. From a centralized initiative tied to a company entity to a decentralized mission managed by the community.
This alternate has allowed Telegram to conform independently, persevering with to enlarge and innovate on this planet of cryptocurrencies
As of this day, the crypto community is identified for its extraordinary transaction processing functionality.
Traits of the crypto community: integration and scalability with the Telegram app
With the launch of Telegram’s crypto community in 2020, loads of very attention-grabbing technical implementations were inaugurated.
Its architecture facets loads of cutting-edge characteristics, much just like the utilization of a dynamic sharding mechanism.
This feature permits the blockchain to administer transaction processing load more efficiently, resulting in a high-efficiency scalability.
Furthermore, the developers of the Telegram community comprise utilized an on the spot routing mechanism that ensures mercurial propagation throughout the community.
This form minimizing latency and bettering the tip person’s expertise.
It goes to also neutral indifferent furthermore be grand the presence in Ton of a particular Byzantine Fault Tolerant consensus mechanism called “Catchain Consensus”.
This model ensures reliability in attaining disbursed consensus, contributing to ethical conduct on the segment of the node structure.
Very crucial to furthermore reward the presence on this sense of Proof of Stake which permits affirming the integrity of the community in the crypto world.
Correct love on Ethereum, the Ton blockchain furthermore facets its own virtual machine, called the TON Digital Machine (TVM). It’s a ways responsible for executing sharp contracts and provides an operational framework for the improvement of dapps.
One of the major major attention-grabbing aspects is, on the opposite hand, its finest integration with the messaging app Telegram.
The community has indeed been designed to be complementary to the structure of the social media, being in a neighborhood to adapt to its high efficiency.
The crypto TON plays a traditional aim on this field: it represents the gasoline token of the chain as properly as the currency weak for funds.
Users can send and receive Toncoin at once contained in the Telegram app, through a extraordinarily straightforward and intuitive direction of.
The an identical handy resource is weak to reassure the community through staking, as properly as to tip verbalize creators and developers. Payments can furthermore be made by bot, thanks to facets love Telegram Stars.
The majestic divulge of Telegram’s crypto ecosystem in 2024
Although the Telegram crypto community became once formally launched in 2020, it is finest from 2024 that it has reached stunning mainstream adoption.
After some marketing stunts, the Foundation managed to bring a honest person tainted to the community, changing into the 20th chain by total label locked (TVL).
For instance, in February 2024, Telegram decided to part 50% of its marketing profits with channel owners through funds in TON.
This has allowed the crypto TON to be elevated, bringing it to the consideration of the favored public, given its new utility.
In March then, the group launched the allocation of 30 million TON in rewards to the community, for a label of 115 million greenbacks.
Furthermore, in April the stablecoin USDT became once integrated into the community, offering users with a new onboarding handy resource.
The actual success, on the opposite hand, came with the introduction of play-to-homicide video games based fully on Telegram. Games love Notcoin and Hamster Kombat comprise created a bunch of engagement given the probably for incomes cash for free.
Their success has allowed this pattern to enlarge, attracting a entire lot of millions of avid gamers to a blockchain product.
Here is an efficient file on person numbers: no blockchain till then had managed to bring such internet site traffic.
Right now time TON seems to be to be as undoubtedly one of the significant promising chains in the crypto landscape, potentially able to reaching mass adoption.
