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The restriction also extended to non-US-based consumers, because Telegram couldn’t block the re-sale of Grams to US citizens on the secondary market, as user anonymity was a core component of TON. Kevin Castel, eventually agreed with the SEC’s position and upheld the gram distribution limitations. The judge presiding in the Telegram v In SEC lawsuit, P. Securities and Exchange Commission secured a temporary restraining order to prohibit Grams from being distributed to first purchasers the agency viewed Telegram’s legal system as an unregistered securities offering with initial buyers serving as underwriters. The TON primary network was supposed to go live on October 31. In January 2019, the test network became live. TON was created in a very isolated environment, and its release was often delayed. In January and February 2018, the business raised around $1.7 billion through a private sale of Grams futures contracts. Durov intended to fuel TON with the existing Telegram user base and transform it into the largest blockchain platform for apps and services, similar to a decentralized WeChat, Google Play, and App Store.įurthermore, because of its capacity to expand and enable millions of transactions per second, TON has the potential to become a decentralized alternative to Visa and MasterCard. A 23-page white paper and a thorough 132-page technical document on the TON blockchain were made available in January 2018. Pavel Durov’s brother Nikolai Durov, the key creator of Telegram’s MTProto protocol, created it. The project was launched in mid-December 2017, and the 132-page technical paper was published in January 2018.

In an effort to monetize Telegram without relying on advertising, the company began developing a blockchain platform termed “The Open Network” or “Telegram Open Network” (TON) and its native coin “Gram” in 2017. Telegram Messenger Download 2023 Telegram Messenger Download 2023 for Windows & Desktop Mac Telegram Features Open Network You can download Telegram Messenger for PC and Mobile Phones for free direct links. And the user interface is simple and easy to use and offers a quick service that does not rely entirely on the configuration of the device.

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