Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Telegram CEO Expresses Optimism Over TON’s Development

    Telegram CEO Expresses Optimism Over TON’s Development

    0
    By subhasish on December 24, 2021 News
    Telegram CEO Expresses Optimism Over TON's Development
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Pavel Durov, the CEO of prominent social messaging application Telegram has expressed his optimism around the Telegram Open Network (TON) project after abandoning it almost a year ago due to mounting regulatory threats.

    Durov stated that the TON project is still breathing and under development even after it was forsaken after a run-in with the United States Securities and Exchange Commission (SEC).

    Resurrection of TON

    On December 23rd, the exec announced in a Telegram post, that the abandoned project has been rebranded to Toncoin. Highlighting the absence of a link between Toncoin and Telegram, the exec said that, unlike the original project, Toncoin is independent of the company. Wishing success to the technology team of the project, Durov, emphasized the importance of having the “right strategy” which would help them make something “epic.” He further added,

    “I’m proud that the technology we created is alive and evolving. When it comes to scalability and speed, TON is still years ahead of everything else in the blockchain realm, it would have been a shame to see this project not benefitting humanity.”

    Telegram CEO Expresses Optimism Over TON's Development

    The Open Network

    Telegram Open Network (TON) technology, created by brothers Nikolai and Pavel Durov in 2017, is a blockchain-based decentralized computer network technology.  The project was made to attract the existing Telegram user base to TON and promote the mass adoption of cryptocurrencies, turning it into one of the largest blockchains. The network was described as a platform for decentralized apps or services similar to WeChat, Google Playstore, or Appstore and even a decentralized alternative to payment processing services of Mastercard and Visa due to its high scalability which could support millions of transactions per second.

    Telegram started working on the TON blockchain in 2018, raising $1.7 billion in funding rounds from various institutional investors around the world. However, in May 2020, the online messaging app withdrew from the project after eight-month-long litigation with the U.S. Securities and Exchange Commission.

    BOT to manage payments

    The latest development comes in at a time when, Donate, which happens to be a Telegram-verified payments service, is preparing to enable donations on Telegram using the Toncoin cryptocurrency. Ton has recently partnered with Donate which aims to create a way for users to make donations and pay for their subscriptions in Toncoin. Meanwhile, the channel administrators will be able to collect their income in cryptocurrencies. The recent development witnessed a nearly 30% spike in the Toncoin token price according to CoinMarketCap data.

    Featured Telegram TON
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    subhasish
    • X (Twitter)
    • LinkedIn

    Subhasish Barua is a full-time writer at Blockchain Journal. A post-graduate in Marketing and HR, he joined the cryptocurrency space in 2018 and is an fervent believer of financial freedom.

    Related Posts

    ARK Invest Unloads Coinbase and GBTC Shares by Millions Amid Market Boom

    December 6, 20232 Mins Read

    GBTC Discount Shrinks as Bitcoin Price Surges

    December 6, 20232 Mins Read

    IBM Introduces OSO, Designed for Cold Storage of Digital Assets

    December 6, 20232 Mins Read

    Marathon Digital Produced 1,187 Bitcoins in November and Held 14,025 Unrestricted BTC

    December 5, 20232 Mins Read

    Volume Counterfeiting Allegations Rock RATS Token on Gate Exchange

    December 5, 20232 Mins Read

    A New Era for Cryptocurrency: Zodia Custody’s Integration with Harmonize

    December 4, 20232 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.