Russia should deploy cryptocurrencies and CBDCs for settlement and payments with Africa, the president of the Chamber of Commerce and Industry believes.
TON is the abbreviation for a blockchain project called The Open Network. TON originally stood for Telegram Open Network, but Telegram exited the endeavor in 2020.
Originally headed up by Telegram, the company behind the Telegram messaging app, TON started as a blockchain for decentralized applications and speedy transactions. The Telegram TON initial coin offering, or the TON ICO, ran in 2018, garnering approximately $1.7 billion through its GRAM token sale. TON subsequently saw significant backlash from the United States Securities and Exchange Commission, or SEC. Various developments surfaced regarding investor refunds.
Run by the community, a subsequent and separate project known as Free TON came to life in 2020. Free TON operates without Telegram as a blockchain formed from the original project’s code. Other TON solutions have also arisen based on available open-source data.
Cameroon, the Democratic Republic of the Congo and the Republic of the Congo announced plans to adopt the TON blockchain amid the TONcoin Fund launch.7400
Telegram CEO Pavel Durov is proud that the TON project is “alive and evolving” despite Telegram terminating TON last year.12116
FIDE said that it hopes to “welcome a new crypto demographic” through the “gamification of iconic match moments, unique collectibles [and] chess-related art.”4769
A blockchain project believes it can achieve massive scalability while pushing the boundaries of decentralization.7014
Telegram's TON saga seems far from over as a disgruntled investor seeks compensation.7865
While Telegram's token project is dead, the blockchain still lives.7588
Grant programs have their flaws — they often lack transparency and shut out good ideas. Here’s why contests are a compelling alternative.56
Despite Telegram abandoning TON earlier this year, the technology underpinning the project lives on. Here’s what happened next.6254
A blockchain focused on “sustainable decentralization” says it is about to become one of the world’s largest and most scalable proof-of-stake networks.12634
Blockchain technology is just a tool that solves a problem, it cannot be the goal of the entire project.41977
The app has helped Belarusians stay in touch during a communications blackout.6098
“We are not selling Telegram – neither in part, nor in full,” Telegram CEO Pavel Durov promises.4162
As the official Telegram Open Network is being prepared to shut down on Aug. 1, global TON technology projects continue progressing.5138
Telegram ceases its support of the test network for TON, but that will seemingly not deter the community from keeping the open-source project going.4625