Name Price24H (%)
Bitcoin (BTC)
$10,879.96
-1.68%
Ethereum (ETH)
$369.10
-4.09%
XRP (XRP)
$0.244766
-2.53%
Litecoin (LTC)
$46.68
-3.65%
DESPITE COURT INJUNCTION, DEVELOPERS OF “TON” CO...
COINS, NEWS

DESPITE COURT INJUNCTION, DEVELOPERS OF “TON” CONSIDERS LAUNCHING!

Developers of the Telegram Open Network (TON), a blockchain platform of Telegram instant messaging system from the team of Pavel Durov, are still considering a launch, despite authoritative warning by the U.S. court.

The platform is protected by a built-in proxy and anonymizer with a list of services offered including messaging, Gram cryptocurrency and many others.

Spokesperson for the TON Community Foundation (TCF), Fedor Skuratov, in an interview with newsmen, said that they were not shocked by the unfavourable decision of the U.S. court. In his words he said, “The community was ready for this scenario. We have several options, including the launch of TON by TCF [TON Community Foundation]. I will say more, no one can prevent the launch of TON by any other entity, person or community, because TON is a decentralized open-source solution. Already, there are two different test networks, and within the community, there is at least one group planning to launch.”

The foundation believes that they can circumvent the court’s order by forking TON’s mainnet. By so doing, the blockchain would be legally separated from the original project so that original investors would have to settle for the assets issued on this forked network instead.

“The issue of what will be recognized as the core network (Mainnet) is a matter of community recognition exclusively. We are considering, among other things, the option in which we will negotiate with TON investors on the topic of converting their rights to grams in the Telegram’s originally mentioned TON into rights for other grams.” It maintained.

READ  Report Shines Light on Questionable Practices From Crypto Exchanges

Whether this new solution has been approved by the founder or not, is still unclear.

Leave a Comment

Your email address will not be published. Required fields are marked *