Telegram Open Network (TON) - a new cryptocurrency made by TELEGRAM

in #alt-news8 years ago

Screenshot-2018-1-10 Exclusive Telegram ICO (TON) Leaked Whitepaper Reveals Ambitious Plans - Cryptovest.png

ROADMAP

Screenshot-2018-1-10 Exclusive Telegram ICO (TON); Roadmap and Gram Token Price Leaked - Cryptovest.png

WHITEPAPER

With TON, Telegram 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.

  • Infinite Sharding Paradigm: This is TON’s scalability solution, allowing for different side chains to split and merge as required for optimal load balancing and reducing transaction times and costs.
  • Instant Hypercube Routing: This is defined as a “smart routing mechanism” which ensures that the multiple chains are able to exchange data seamlessly and swiftly, even when the network grows to millions of chains.
  • Proof-of-Stake Approach: Proof-of-Stake is the alternative consensus protocol to Proof-of-Work, which is utilized by Bitcoin and most other cryptocurrencies. With Proof-of-Stake, transactions are processed by validators designated according to the number of tokens they deposit as their ‘stake’.
  • 2-D Distributed Ledgers: This will allow TON to generate valid blocks on top of invalid ones and acts as a ‘self-healing’ mechanism that prevents unnecessary forks.

Read the complete whitepaper here

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