The Telegram Open Network (TON) is reportedly being tested. According to the Russian news outlet Vedomosti, Telegram has launched a private beta that shows great speed. Telegram is one of the largest messaging applications in the market and one of the favourites for crypto users.
TON Tested In Private Beta
After several months of silence, Vedomosti reveals that Telegram has launched a private beta testing for the TON network. According to the report, the TON Blockchain is being tested by a limited number of global developers.
Vedomosti talked with people close to the company that had early access to the network. These anonymous persons said that developer teams were enabled to set up TON Blockchain nodes. Although there is no specific information about it or announcement, the TON blockchain showed “extremely high transaction speed.” Smart contracts and the blockchain’s code are still in the process of testing.
The Telegram messaging application was founded by Nikolai and Pavel Durov back in 2013. The network was able to grow and reach over 200 million active users in March 2018. According to Mr. Durov, when Facebook, Telegram and WhatsApp went offline, the messaging app Telegram received three million new users.
In order to develop the network, Telegram was able to gather $1.7 billion in two private Initial Coin Offering (ICO). The public ICO was cancelled after the firm was able to gather the necessary funds in less time than previously expected.
According to Vedomosti, the release date for the testing platform has not yet been undisclosed. Pavel Durov has not commented on any specific data about when they are planning to release the blockchain network.
As we reported back in November 2018, the Telegram Open Network was 70% done. Russian media and The Block reported that TON was almost 90% complete, at least in some aspects. For example, Overlay networks over ADNL or Broadcast protocols for overlay networks over ADNL were already 100% completed.
The report reads:
“TON Network is the component required for delivering request (e.g., pro-posted transactions) and propagating newly-generated TON Blockchain blocks through the network.”
At that time, the reports did not provide any specific date for launching the digital asset or the blockchain network. This is expected to be one of the fastest and most important networks in the space as soon as it is released to the market.