Telegram sent their investors a letter in which the representatives of the messenger confirmed the successful testing blockchain platform TON (Telegram Open Network) for the payment system and cryptocurrency Gram.
According to the information received, the platform is scheduled to launch in “combat” mode in the third quarter of 2019, but the exact date will depend on test progress, began at the end of March, writes the Chronicle.info with reference to tehnot.com.
Blockchain platform has already passed two tests on the fault tolerance in case of incorrect and fraudulent activities (Byzantine consensus algorithm) and processing transactions and smart contracts at individual nodes in the network.
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On the basis of TON creates an integrated Telegram messenger payment system and cryptocurrency Gram, which is likely to become a competitor to Visa and Mastercard.
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