TELEGRAM OPEN NETWORK (TON) PROJECT IS READY FOR 70%

Pavel Durov’s Telegram Open Network (TON) blockchain project is 70% ready. It became known from the documents published in a network dated 5^th of September. They were published by the co-founder of  Button Mike Dudas.

They confirm the previously published information that smart contract engine of TON Virtual Machine (TVM) is “fully implemented and tested.” Its readiness is estimated at 95%.

“It may require minor changes to the TVM mechanism during the software connection process to generate and validate blocks in the TON blockchain,” the document says.

It is also noted that the component for executing transaction requests in the TON network is at the completion stage. At the same time, the software for block validation is only 10% ready.

Recall that in 2018 during two rounds of closed ICO TON Telegram attracted $ 1.7 billion to develop the project.

In September, it was reported that Telegram will begin testing the TON blockchain platform in late autumn.

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