Breaking: Telegram Announces Discontinuation Of Its Blockchain Project

[SRShanuka2020]

Breaking: Telegram Announces Discontinuation Of Its Blockchain Project

Telegram CEO Pavel Durov has announced the end of its ‘next-generation’ TON project and Gram Cryptocurrency due to regulatory hurdles.

The project was following the decentralization path of Bitcoin and Ethereum and was also aiming to be superior in terms of scalability and speed but unfortunately was halted by a US court over preconception concerns.

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[Leonardo]

I haev a feeling that the reason behind TON's death is similar to Libra's. They are both too big to survive. Their existences are threats to a lot of other traditional organizations. However, I still feel bad for TON. It's much worthier to live than Libra. It'd so futuristic for Telegram's users to send each other TON tokens while chatting to each other.

[kluivert]

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