Telegram ICO Whitepaper leaked!

The team behind Telegram is planning to launch a blockchain network and platform which is aimed at solving the shortcomings of existing cryptocurrencies like Bitcoin and Ethereum.

The TON whitepaper (which can be downloaded via the bar at the bottom of this page) begins by citing both Bitcoin and Ethereum as digital gold and a platform for token sales respectively while pointing out the lack of a mass-market cryptocurrency which can be used for daily transactions.

It goes on to highlight the slow transaction speeds for both currencies (7 transactions per second for Bitcoin and 15 for Ethereum) as a major drawback when competing with existing payment processing solutions like VISA or Mastercard. Additionally, the whitepaper also raises issues such as lack of consumer activity and the need for technical know-how when interacting with existing digital currencies.

With TON, Telegram co-founder, Dr. Nikolai Durov aims to counter these shortcomings by delivering “a fast and inherently scalable multi-blockchain architecture” which supports millions of transactions per second, delivers intuitive user interfaces and leverages the existing Telegram user base of 180 million to create an engaging ecosystem.

The whitepaper also contains the following roadmap:

For more information regarding the TON whitepaper, or if you would like to download it:

https://cryptovest.com/news/exclusive-telegram-ico-ton-leaked-whitepaper-reveals-ambitious-plans/