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Telegram’s TON Blockchain to Be Launched in Late October

  • Alex Dovbnya
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    The obscure Blockchain project will be officially launched by Telegram at the end of October

Telegram’s TON Blockchain to Be Launched in Late October
Cover image via www.123rf.com
Contents

After acting coy about the development progress, the Telegram core team has finally confirmed that the much-awaited launch of the Telegram Open Network (TON) Blockchain will take place in late October.

Such a revelation was made in an e-mail that was sent by the messaging app giant to the project’s original investors.

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Telegram’s TON Blockchain Will Support Ethereum dApps

Get your keys ready

The aforementioned e-mail states that the investors have been provided with the TON Key Generation Software, which allows creating public and private keys for TON accounts.

In order to obtain their GRAM tokens, all ICO participants are supposed to provide Telegram with their public keys no later than Oct. 16.

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Telegram Releases DLT Explorer for $1.7 Bln TON Platform and Node Software on Testnet

Telegram Releases DLT Explorer for $1.7 Bln TON Platform and Node Software on Testnet

A historic ICO

Telegram has conducted the world’s largest initial coin offering back in early 2018, netting a whopping 1.7 bln from a batch of accredited investors. According to the Token Purchase Agreement, the TON Blockchain is supposed to be launch by Oct. 31. Otherwise, it will have to refund its investors.

Telegram and the TON Foundation will not act as the network’s validators. Instead, they will rely on users with significant amounts of tokens to confirm the blocks.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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