The encrypted messaging service from Russia, Telegram, is rumored to be launching the Open Telegram Network (TON) in the third quarter of 2019.
The memo sent to investors said that the TON network will be launched later this year. Telegram said the recent testing process "reaffirmed our belief that the virtual machine TON and TON ... The Byzantine consensus algorithm was able to fulfill the objectives stated in the original white book."
In April, Cointelegraph reported that Telegram opened access to a personal testing version of the TON blockchain to a number of specific developers. One developer said, "the transaction speed is very high."
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In February, the Gram token purchase agreement (cryptocurrency for the TON network) stated that the contract would be canceled if the network was not launched on October 31, 2019.
Source: cointelegaph
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