Telegram to Launch own Blockchain Platform and Cryptocurrency

Pawel Durow founded together with his brother Nikolai in 2006 the largest social network in Russia. VKontakte.ru has more than 90 million registered users who communicate with each other in 81 languages. Anton Rosenberg used to work as a CTO at VKontakte and is currently working for the messenger service Telegram, which claims to have over 180 million active users.

Rosenberg believes Durow love hypes and see the financing of his messenger as a real challenge, especially since there according to their own specifications, any advertising is prohibited. On the other hand, ICO funding would be a way to keep the popular messenger service going and make it money.

The new rumors say that the Russian IT investor is now planning to publish his own cryptocurrency at Telegram. The names Gram and DurowCoin are said to have fallen. The new cryptocurrency is to be embedded in its own blockchain platform, which should enable extremely fast transfers. The project is called Telegram Open Network (TON) and should build on the popularity of the software. In 2010 there were first attempts to establish its own payment service at VKontakte including the currency "Rubel VC", which failed. Less than 1% of VKontakte users were willing to use this new service. But that's not what vk.com is all about.

Anton Rosenberg believes that a separate cryptocurrency can play a particularly important role in Iran and Uzbekistan, for example, because there are many Telegram users living there and the application of domestic currencies is fraught with enormous problems. In secret chat between two people, the communication is carried out encrypted end-to-end, which should make it impossible for government agencies any monitoring. According to the media, communication via telegram in Iran accounts for around 40% of Internet traffic. There, Durov was convicted for allegedly supporting terrorism in absentia. His current project should not be sold at any time, because he cares about the privacy of its users too much, so Durow. Even for $ 20 billion, he would not sell Telegram lifetime.

An official confirmation including a timetable is pending, so far there is only the video about the future plans of the company (see below). One thing is certain: Durow has always been very positive about Bitcoin. He invested in it when Bitcoin was $ 750 apiece, and sees this cryptocurrency as "digital gold." Even though Nikolai and Pavel Durov were royally rewarded for the acquisition of VKontakte, the costs of Telegram are not borne by themselves. Therefore, logically integrating your own coin into the messenger and collect funds in advance for the development of the blockchain platform via ICO sounds logical.

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