TON Rumored To Be 90% Complete. Сan This Project Change The Market Game?
TechnologyBit News Today2 min read
TON is 90% complete, with news regarding the platform expected to be released in February. The team is gearing up to launch the much-anticipated blockchain platform and cryptocurrency in early 2019, although a delay of up to three months may be possible.
Sources informed The Bell that Durov will present a test version of TON at a key investor meeting expected within a month.
The project's test network, Testnet, was slated for a January launch, followed by a scheduled February audit to find bugs. This process will pave the way for the release of a working version of the main platform in March, according to the company's reported timeline.
TON's development has been a rollercoaster, with several delays and setbacks along the way. The launch of the test network was originally planned for the second quarter of 2018, though the timeline for TON has been revised multiple times.
TON Issuer Inc. is actively collaborating with cryptocurrency exchanges in Japan, China, and the UK. Trading will likely begin in Asia, and Japan may become the first country where Gram is introduced.
Two prominent investors in TON, Wimm-Bill-Dann co-founder David Yakobashvili and Qiwi founder Sergey Solonin, told Russian business publication The Bell that they had yet to receive any relevant updates about the project.
On a technical level, TON is being touted as a third-generation blockchain platform, with a focus on scalability, speed, and ease of use. The network will feature a multi-blockchain architecture, with a master chain and up to 292 accompanying blockchains, all connected using an "infinite sharding" paradigm. This will allow the network to split and merge in response to varying transaction demands, ensuring optimal performance.
Alongside a proof-of-stake protocol, TON's use of 2-D distributed ledgers is designed to add valid blocks over incorrect ones to avoid unnecessary forks. Once operational, TON will introduce services such as data storage, a virtual private network, a DNS, and its own payment system powered by Grams.
The TON team believes that, with access to Telegram's massive user base of 200 million, they have a unique opportunity to bring cryptocurrency into the mainstream. They argue that existing platforms like Bitcoin and Ethereum lack the user-friendly features and scalability to attract mass adoption, and that TON will fill this gap.
