TON blockchain launches on-chain encrypted messaging feature
The network previously allowed users to post on-chain messages but only in an unencrypted, completely public way.
Čítaj viac
Značka: TON
TON validators receive single nominator smart contract
Orbs’ single-nominator contract offers independent validation for validators, safeguards against gas attacks and enables stake recovery during emergencies.
Čítaj viac
Táto kryptomena v roku 2022 výrazne rástla, oplatí sa do nej investovať v roku 2023?
Tento príspevok bol pôvodne publikovaný na stránke...
Čítaj viac
Rast 60 % len za 4 dni? Pre túto kryptomenu žiadny problém
Tento príspevok bol pôvodne publikovaný na stránke...
Čítaj viac
Telegram founder wants to build new decentralized tools to combat power abuse
Telegram is set to build a set of decentralized tools, including noncustodial wallets and decentralized exchanges, said founder Pavel Durov via his Telegram channel on Nov. 30.The initiative is a response to the recent FTX collapse, said Durov, as the industry wound up concentrated in the “hands of a few to abuse their power. As a result, a lot of people lost their money when FTX, one of the largest exchanges, went bankrupt.” The announcement comes weeks after the launch of Fragment, a decentralized auction platform for unique usernames based on The Open Network, or TON, layer-1 blockchain. According to Durov, Fragment has seen $50 million in usernames sold in less than a month.Besides founding Telegram and Fragment, Durov was also behind the first official version of the TON blockchain. Regarding the new decentralized tools being developed, he said:”The solution is clear: blockchain-based projects should go back to their roots – decentralization. Cryptocurrency users should switch to trustless transactions and self-hosted wallets that don’t rely on any single third party.”Durov also remarked on the inefficiencies of legacy platforms, specifically mentioning Ethereum, “which unfortunately remains outdated and expensive even after its recent tweaks.” He went on to say:”The time when the inefficiencies of legacy platforms justified centralization should be long gone. With technologies like TON reaching their potential, the blockchain industry should be finally able to deliver on its core mission – giving the power back to the people.”Related: Telegram username auction marketplace ‘almost’ ready to launchThe most recent tool released by Telegram’s team, Fragment, was built in five weeks with five people working on the solution, according to Durov. The idea was first floated in late August, with the team aiming to use “NFT-like smart contracts” to auction highly sought-after usernames. Fragment launched shortly after the TON Foundation launched the TON DNS, allowing users to assign human-readable names to crypto wallets, smart contracts and websites.
Čítaj viac
Telegram username auction marketplace 'almost' ready to launch
The popular messaging app Telegram has developed a new marketplace that doesn’t involve nonfungible tokens (NFTs). The social messaging platform said that it is all set to launch its marketplace for auctioning unique usernames for social platforms, an idea first floated in August.In an official announcement on its Telegram channel, the firm said that the development phase of the marketplace is near its end. The marketplace is based on its native blockchain called The Open Network (TON).The idea was first teased by the company founder Pavel Durov in late August this year when he proposed a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames. Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team.Durov said at the time that a new marketplace, where username holders could transfer them to interested parties in protected deals — with ownership secured on the blockchain via NFT-like smart contracts — could become a sought-after service in Web3. He added that other elements of the Telegram ecosystem, including channels, stickers or emojis, could later also become part of this marketplace.Telegram didn’t respond to Cointelegraph’s requests for comments at the time of publishing.Related: ‘Unique phenomenon’: All 5B toncoins mined on PoS TON blockchainTelegram started its Web3 and crypto endeavor with hopes of launching a digital payments platform for Telegram. However, like many other platforms from the initial coin offering (ICO) era, Telegram also ran into trouble with the United States regulators for the unregistered sale of its Gram token.After losing a court battle against the U.S. Securities and Exchange Commission in 2020, Durov stepped away from the project to focus on Telegram. Since then, open-source developers have revived the project under the banner of The Open Network.
Čítaj viac
Telegram founder suggests 'NFT-like smart contracts' to auction usernames
Pavel Durov, the founder of encrypted messaging app Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames. Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project launched the TON DNS service enabling users to assign human-readable names to crypto wallets, smart contracts, and websites in mid-July. In a message to his personal Telegram group named “Durov’s Channel” on Aug. 23, he noted that he was “really impressed by the success of the auction TON recently conducted for their domain/wallet names.”“Imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction,” he said. Durov suggested that Telegram could tap into similar technology to roll out a new marketplace that could be used to buy and sell “catchy t.me addresses like @storm or @royal, and all four-letter user names.”“This would create a new platform where username holders could transfer them to interested parties in protected deals — with ownership secured on the blockchain via NFT-like smart contracts.”“Other elements of the Telegram ecosystem, including channels, stickers or emoji, could later also become part of this marketplace,” he added. The first auctions on TON DNS went live on July 30, and much like the Ethereum Name Service (ENS) “.eth” domains, the “.ton” variant allows users to access decentralized applications in a simple way without needing to type a long string of letters and numbers from their wallet addresses. The TON network utilizes the FunC programming language for the TON Virtual Machine and to launch specific smart contracts on the blockchain. If Telegram were to launch NFTs, they would most likely be based on this standard. A similar integration would likely be quite simple for Telegram, given that Durov and his team developed TON, formerly known as the Telegram Open Network, alongside the messaging app back in 2018. “Our team can write bullet-proof smart contracts for TON (since it was us who invented its smart-contract language), so we are inclined to try out TON as the underlying blockchain for our future marketplace,” he wrote. TON was initially developed to function as a digital payments platform for Telegram, however, it promptly ran into trouble with the U.S. Securities and Exchange Commission (SEC) regarding an unregistered preliminary sale of $1.7 billion worth of Gram tokens. Related: Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employeeAfter losing the court battle with the SEC in mid-2020, Durov stepped away from the project to focus on Telegram. Since then, open source developers have revived the project under the banner of The Open Network. The TON network utilizes a Proof-of-Stake (PoS) consensus mechanism, and it supports various features such as staking, NFTs, and decentralized applications. According to data from CoinMarketCap, its native asset Toncoin (TON) has pumped 14.70% over the past 24 hours to sit at $1.33 at the time of writing.
Čítaj viac
TON Foundation launches Ethereum Name Service-like domain names
The Open Network (TON) Foundation is the latest cryptocurrency company to upgrade its ecosystem with Ethereum Name Service (ENS)-like domain names.The TON Foundation on Thursday announced the launch of TON DNS, a new service to allow users to assign human-readable names to crypto wallets, smart contracts and websites.Similar to other popular crypto-related domain names like “.eth” or “.crypto” the domain zone for TON DNS is “.ton” and will enable users to access decentralized applications in a simple way.With TON DNS, users will be able to use simple and short domain names instead of typing in a long string of letters and numbers.A domain name created using TON DNS will not only function as a nickname but will also unlock a wallet address. The TON Foundation also plans to integrate its TON DNS technology into TON Sites and TON Proxy tools that are expected to launch in Q3 2022.“A .ton domain name, therefore, will be a welcome alternative to centralized domain registries, which have the ability to block a website’s domain arbitrarily,” the announcement notes.In conjunction with the TON DNS launch, the foundation announced that it will conduct an auction of the first “.ton” domain names on July 30. The auction has been “designed to be as decentralized as possible, with equal conditions” for all participants, the TON Foundation said, adding that it will be run on smart contracts for a period of seven days.“Notably, coins from the sale of each domain will be removed from circulation — these tokens will be sent to a smart contract from which they will not be able to be withdrawn,” the announcement notes. Related: 4-digit ENS domains spike in demand this week and continue soaringThe TON DNS launch closely follows the TON Blockchain’s integration with mobile and wallet Telegram bots earlier this year. “The launch of TON DNS will simplify how users engage with the TON blockchain and will continue to make TON even more accessible,” the Foundation said.According to an announcement on June 30, TON DNS support has also been integrated into services like The Tonkeeper, TON Web Wallet and Tonscan.The news comes shortly after the TON Foundation announced the completion of mining Toncoin’s entire issuance of 5 billion tokens on June 28. The end of Toncoin mining marked a major milestone in TON’s distribution, starting its new era as a fully proof-of-stake blockchain.
Čítaj viac
‘Unique phenomenon’: All 5B toncoins mined on PoS TON blockchain
The TON Foundation, an organization developing the Telegram-initiated blockchain project, the TON blockchain, on Tuesday officially announced that TON miners have mined the final toncoin.”Tens of thousands of miners have mined the entire issuance of toncoins, which was about 5 billion tokens,” TON Foundation founding member and core developer Anatoly Makosov said in a statement to Cointelegraph. The last toncoin was mined on June 28, he noted.The end of toncoin mining marks a major milestone in TON’s distribution, starting its new era as an entirely PoS blockchain. From now on, new toncoins will only enter circulation via PoS validation, the TON Foundation said. That will result in a cut in the total influx of new toncoins into the network by around 75% to the existing limit of 200,000 tokens per day.The TON price has immediately reacted to the news, surging 34% over the past 24 hours. The token is trading at $1.41, according to data from CoinGecko.TON seven-day price chart. Source: CoinGeckoBy definition, proof-of-stake, or PoS, is a consensus algorithm that operates depending on a validator’s stake in the network. The PoS algorithm is opposed to proof-of-work, or PoW, the original consensus algorithm of major cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which is based on blocks validated through computing power provided by miners.According to TON’s whitepaper, its blockchain uses a PoS approach for generating new blocks. However, its unique infrastructure somehow allowed miners to generate toncoins using the PoW consensus as well, Makosov stated:“The TON blockchain has always been proof-of-stake; the novelty is that even in a PoS blockchain it is possible to write a smart contract that can be mined according to PoW principles.”“If you put the entire coin issuance of the blockchain on such a smart contract, you get a PoS blockchain, but with a distribution of coins in the form of mining. As far as we know no one has done this before,” the developer added.According to Makosov, the current TON network was launched on Nov. 15, 2019, while the coin issuance was put on smart contracts that could be mined on July 7, 2020. The tokens were placed in special “giver” smart contracts, allowing anyone to participate in the mining. “Users mined around 200,000 TON daily,” an official post devoted to TON’s history of mining reads.Related: New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain“Mining on the proof-of-stake TON blockchain was a unique phenomenon to behold,” the post notes, adding that mining on TON commenced “spontaneously and randomly” after the Telegram team agreed on a settlement with the United States Securities and Exchange Commission and was forced to terminate its involvement in TON.
Čítaj viac
Russia should use crypto for payments with Africa, commerce exec says
An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies (CBDCs).Chamber President Sergei Katyrin sent a letter to Russian Prime Minister Mikhail Mishustin, providing a set of proposals for developing cooperation with African countries, the local state-backed publication TASS reported Thursday.In the letter, Katyrin reportedly advocated the use of CBDCs and cryptocurrencies for mutual settlement and payments as part of Russia’s move into Africa amid Western sanctions, stating:“It seems useful to instruct the Ministry of Finance of the Russian Federation, together with the Central Bank, to ensure providing intergovernmental agreements with African states on the use of national currencies and cryptocurrencies in mutual settlements and payments.”The executive went on to say that it’s important to establish a special export-import bank and a trust fund to support export activities in small and medium-sized businesses in African countries.The news comes as several countries in Africa are considering cooperation with Russia-linked blockchain networks.On Monday, Cameroon, the Democratic Republic of the Congo (DRC) and the Republic of the Congo issued a joint announcement on the national plans to adopt TON, the Telegram-initiated layer-1 proof-of-stake blockchain. The DRC is also reportedly considering launching a new national stablecoin built on top of the TON blockchain.Though Telegram is not formally involved in the TON blockchain after abandoning the project in May 2020, Telegram co-founder Pavel Durov expressed public support for TON and its possible integrations on the Telegram messenger in late 2021.“These countries will each undertake a phased transition to adopting cryptocurrency as a central pillar of their economic structures,” the countries said in the announcement.Russia is still working on a federal crypto bill after prohibiting residents from making payments in cryptocurrencies like Bitcoin (BTC) in early 2021. In mid-February, the Bank of Russia officially launched the digital ruble trial, successfully completing the first CBDC transfers among citizens.Related: Crypto users in Africa grew by 2,500% in 2021: ReportA number of countries in Africa have also been progressing with CBDC development, with countries like Kenya and the Republic of South Africa reporting some progress with CBDCs earlier this year. Last year, Ghana was working to develop offline capabilities for its potential CBDC in a bid to promote its use across all segments of society.
Čítaj viac
New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain
The TON Foundation, an organization building on the Telegram-initiated blockchain project, The Open Network (TON), has chosen the TONcoin Fund as its official ecosystem fund.The TONcoin Fund announced on Monday the launch of an ecosystem fund focusing on supporting TON-based projects, securing an initial collective commitment of up to $250 million from major firms within the industry. The fund has earned the title of the TON Foundation’s official incubation partner, meaning that they will support the fund’s portfolio investments.The fund’s contributors included firms like Huobi Incubator, Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, the blockchain startup Orbs, TON Miners and Kilo Fund. The fund aims to deploy funds through incubation, investment, grants, hackathons as well as educational programs as projects are accepted and incubated.TONcoin Fund managing partner Benjamin Rameau told Cointelegraph that the fund is working “very closely” with the TON Foundation, hoping to help the TON blockchain reach its full potential. Rameau said that the fund is focused explicitly on Web3-related developments and is now incubating a decentralized exchange and nonfungible token (NFT) project. “We are also eying opportunities with wallets, NFT marketplaces and decentralized finance,” he added.“TON may become the first blockchain network accessible to millions of users thanks to the Telegram integration efforts by the community via in-app bots as well as native interface proposals,” Rameau noted. He referred to Pavel Durov’s public endorsement of TONcoin in late 2021, which followed an announcement of TONcoin’s payment integrations with the Telegram messenger.Rameau, who is also the founder of Jenny Metaverse DAO and partner at the cryptocurrency trading platform 3Commas Capital, grew interested in the TON blockchain and related applications while starting with Gamee, a Telegram bot-enabled mobile gaming platform. He realized that TON would be a great fit for creating blockchain solutions that “people actually want to use” and enable the mass adoption of the technology.The executive told Cointelegraph that TON-enabled solutions could include payments, play-to-earn games, profile pictures on chats directly linked to crypto wallets as well as subscriptions to media, stating:“TON will not just be the blockchain that people use on Telegram, it will define people’s online identity and will act as a bridge between all their Web3 and Web2 activities.”Related: Meta files 8 digital asset and Web 3 trademark applicationsThe latest announcement came on the same day with Cameroon, the Democratic Republic of the Congo (DRC) and the Republic of the Congo dislosing plans to adopt TON, the layer one proof-of-stake blockchain, as the cryptocurrency and blockchain to drive future national economic progress. The DRC is also reportedly considering launching a new national stablecoin, built on top of the TON blockchain.”TON has been engaging with all three countries independently for some time and has taken the lead to deliver cryptocurrency and blockchain solutions for each nation. These countries will each undertake a phased transition to adopting cryptocurrency as a central pillar of their economic structures,” the joint announcement notes.Telegram officially shut down its involvement in TON in May 2020 after a lengthy battle with the United States Securities and Exchange Commission over Telegram’s $1.7 billion initial coin offering in 2018. The open-source blockchain project has since given rise to many other projects such as Free TON, NewTON as well as TONcoin.
Čítaj viac
Telegram-verified payments bot to accept Toncoin cryptocurrency
Telegram co-founder and CEO Pavel Durov has expressed excitement about the Telegram Open Network (TON) technology still developing after Telegram officially abandoned the project last year.“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,” Durov said in a Telegram post on Thursday.He noted that the project rebranded from TON to Toncoin. Unlike the original TON, the new project is independent of Telegram. “But I wish its team the same success. Coupled with the right go-to-market strategy, they have all they need to build something epic,” he noted.Durov’s remarks came amid Donate, a Telegram-verified payments service, preparing to enable donations on Telegram using the Toncoin cryptocurrency.TON on Thursday announced a partnership with Donate, saying that users will soon be able to make donations and pay for their subscriptions in Toncoin. At the same time, channel administrators will be able to collect their income in the cryptocurrency. The Subscriptions service previously announced the news on Monday.TON is a blockchain that was created by brothers Nikolai and Pavel Durov in 2017, but the two and Telegram stepped away from the project in 2020 after a lengthy battle with the United States Securities and Exchange Commission. The SEC specifically won a case where it accused Telegram of violating the U.S. securities laws by conducting its $1.7billion initial coin offering in 2018.Despite Telegram officially terminating the project more than a year ago, the idea of TON has not been abandoned, with the original open-source project giving rise to a number of independent spinoffs.At the time of writing, the TON Russian community has almost 160,000 subscribers on its official Telegram channel, while the global Toncoin community counts about 50,000 followers.Related: The International Chess Federation is first global sports association with its own NFT marketplaceToncoin 30-day price chart. Source: CoinGeckoAmid the latest news, Toncoin’s price has seen notable growth, surging over 23% over the past 24 hours and trading at $2.93 at the time of writing, according to data from CoinGecko. The token’s all-time high was $4.5 recorded on Nov. 12. The token is listed on some of the world’s largest crypto exchanges, including OKEx, FTX and EXMO.
Čítaj viac
Získaj BONUS 8 € v Bitcoinoch
Registrácia Binance
