Telegram Cryptocurrency Almost Ready to Launch
In the spring of this year, Telegram Messenger raised more than $1.7 billion with a private ICO sale to release its own blockchain platform. Now it is 70% ready for the launch.
Earlier this year, Telegram – one of the most popular messengers among the crypto community – announced the launch of its own blockchain platform. It was called the Telegram Open Network, and some crypto enthusiasts dubbed the platform Ethereum "killer". To find the money for project development, the messenger held an ICO and raised $1.7 billion.
Presently, according to representatives of Telegram, the platform is 70% ready. And the virtual machine (similar to VM Ethereum) completely prepared to work. At the same time, some components of the platform, like the block manipulation software stack, have not yet been developed by 50%.
Telegram did not announce the date of the system testing.