Total 19 Posts
Blockchain is a list of transactions and their participants that are linked using cryptography. These records of data are managed by thousands of servers that are not owned by any single entity, which makes blockchain secure, transparent, and quite difficult to hack. Blockchain is based on a decentralized, distributed ledger technology that globally stores data across a peer-to-peer network. It means that any participant can see and then verify or reject data using consensus algorithms.
Unlike Canadian messaging company Kik and Russia-originated Telegram, LINE managed to develop blockchain technology and issue their tokens.
Telegram and SEC Concluded a Settlement Agreement. Durov Will Pay a Fine of $18.5 Million and Return $1.22 Billion to TON Investors
On June 25, it became known that Telegram and the SEC entered into an agreement of lawsuit, under which Durov’s team would pay a fine of $18.5 million, and would also be obliged to return $1.22 billion to investors.
TON development team stops its active participation in the project for the reasons we wrote about earlier. The efforts of the team were redirected to other projects.
On May 12, Pavel Durov announced the closure of the Telegram Open Network (TON) project. That's why the lawyers of Telegram Group Inc. decided to withdraw a March appeal against a court order banning the sale of Gram.
The most long-awaited event in the world of cryptocurrency has happened recently. The third bitcoin halving took place on May 11.
Many investors did not believe that the TON project would start either this year or a year later, and they were right. Today, Pavel Durov officially announced that Telegram's active involvement with TON is over.