Whitepaper Of The Telegram Project Is Available

Whitepaper Of The Telegram Project Is Available

Telegram is developing what they say will be the most widely used wallet on Earth.The English-language document entitled "Telegram Open Network" was posted in the telegram channel , which positions itself as a block-project Telegram.

The aim of this text is to provide a first description of the Telegram Open Network (TON) and related blockchain, peer-to-peer, distributed storage and service hosting technologies. To reduce the size of this document to reasonable proportions, we focus mainly on the unique and identifying features of the TON platform that are important for it to achieve its stated goals.

The document, signed by Nikolai Durov, one of the founders of VKontakte and the brother of Pavel Durov, and dated December 3, 2017, consists of 132 pages with a very detailed description of services based on the blockchain.

The messenger predicts that by January 2022 the Telegram audience will reach 1 billion and new hundreds of millions of people around the world will use the new cryptocurrency.

The proposed network is described in the document as a set of services, among which:

  1. Telegram's own blockchain like a network capable of processing millions of transactions per second;
  2. Distributed storage technology TON Storage, which will be used to store archival copies of files;
  3. The level of network proxies that will be used to anonymize the transaction on the network;
  4. Distributed table of hashes (TON DHT) for storage of data services of networks;
  5. A platform for user services, including applications based on smart contracts;
  6. TON DNS, internal system of names for services and users;
  7. TON Payments is a platform for micropayments within the network.

The document also mentions the technology of payment channels, which will be used to accelerate micropayments and very similar to the description of the concept of Lightning Network. It also describes its own GRAM (GRM) cryptocurrency, which will be used for mutual settlements within the network.

Based on the size of the document and many details, it can be assumed that this is a genuine document developed by the Telegram team.

Scammers? Already?

After the information about the ICO has become popular, Telegram users began receiving letters inviting them to invest in the launch of the Gram cryptocurrency and the Telegram Open Network (TON) platform.

The unknowns are represented by the members of the TON team, they say that the Gram Cryptocurrency will be released on February 1, 2018, and offer to participate in its pre-sale. It is noted that "elected users" can purchase a coin of only 15 cents per piece.

On the website of the project, registered by anonymous users, the real developers of Telegram are indicated, as well as a fragment of the presentation of the Telegram Open Network (TON) and Gram, which was previously shown in the media.

Information on the launch of Telegram's own cryptocurrency and the third-round blockchain platform appeared in early January. The creator of the messenger Pavel Durov does not comment on this information.

Information Source: Telegram