Eastern Europe

Telegram Messenger Could Start Testing Crypto Platform In September

Telegram Messenger Could Start Testing Crypto Platform In September
Image by NickLubushko
Pavel Valeryevich Durov is a Russian entrepreneur, best known for being the founder of the social networking site VK, and later the Telegram Messenger

Russian self-exiled digital entrepreneur Pavel Durov’s Telegram messenger could start testing its blockchain network TON (Telegram Open Network) on Sept. 1, the Vedomosti daily reported on Aug. 28 citing unnamed investors in TON.

Durov raised $1.7 billion last March with one of the most successful Initial Coin Offerings (ICOs) of all time and has used part of the proceeds to develop TON, which is intended to create a universal blockchain infrastructure based on its speed operation and its inclusion of “smart contracts” — pieces of code that can be tasked to carry out functions such as make payments or send reports…

To read more visit The Moscow Times.

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