The development of TON was in fact blocked by the US Securities and Exchange Commission. Although the initial idea for the project was developed by Telegram’s team, the messaging app shelved The Open Network in 2020. The Open Network is a Layer 1 Proof-of-Stake blockchain founded in 2019, also known under its acronym TON. Find out what The Open Network is and what Toncoin, Telegram’s cryptocurrency of choice, is for! What is The Open Network? The Telegram team remained committed to The Open Network, to the extent of integrating the Toncoin crypto into the app. The Open Network has thus passed into the hands of developers who have built a Proof-of-Stake blockchain that aspires to become a benchmark for dapps. However, due to legal issues it decided to discontinue the project. What is The Open Network? Discover the Toncoin (TON) crypto blockchain, chosen by Telegram for its Web3 projects!Īmong the social networks looking to integrate with the blockchain is Telegram! The messaging service started to develop its decentralised network in 2019.

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