Telegram ICO is a Big Deal

The video is stated to be not an official one. But it made a big splash in the blockchain community promising a new type of blockchain technology and the fastest transactions in the World (aka faster than VISA).

As reported from multiple sources:

The “TON Blockchain” will consist of a master chain and 2-to-the-power-of-92 accompanying blockchains. Its most notable aspect is that it will have an “Infinite Sharding Paradigm” to achieve scalability. Thus, TON blockchains aim to be able to “automatically split and merge to accommodate changes in load”. This would mean new blocks are generated quickly and “the absence of long queues helps keep transaction costs low, even if some of the services using the platform become massively popular”.

It will also consist of “Instant Hypercube Routing” designed so the blockchain can maintain top speed even as it grows. Its proof of stake approach will reach consensus through a variant of the ’Byzantine Fault Tolerant‘ protocol, again increasing speed and efficiency. And it will also use 2-D Distributed Ledgers. This means the TON can grow new valid blocks on top of any blocks that were proven to be incorrect to avoid any unnecessary forks. In other words, TON aims to be ’self-healing‘.

To learn more, we recommend you to check the following articles:
1. https://techcrunch.com/2018/01/15/inside-telegrams-ambitious-1-2b-ico-to-create-the-next-ethereum/
2. https://www.technologyreview.com/s/610055/telegrams-ico-give-us-2-billion-and-well-solve-all-of-blockchains-problems/
3. https://www.ft.com/content/790d9506-0175-11e8-9650-9c0ad2d7c5b5

Frequently Asked Questions

What is Telegram?

Telegram is a message platform that allows users to send and receive messages as well as voice messages and calls.

Is Telegram better than Whatsapp?

Telegram is a more secure application than Whatsapp. Telegram collects less metadata on its users. Whatsapp is owned by Facebook which has been shown to have a dubious reputation when it comes to its users’ data privacy.

How much did Telegram make from its ICO?

It made $850 million from its ICO.

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