Telegram

The Telegram Blockchain Will Be Compatible With Ethereum: Source

August 31, 2019 at 1:42 AM | By Jit Sutradhar Feature

The new Telegram blockchain project will be compatible with ethereum, according to the tools for creating technology startups for the network.

The courier company is expected to publish the code to run a node in the Telegram Open Network (TON) on Sunday, allowing users to test their project before launching the main project network on October 31.

TON Labs, a technology startup led by investors in the sale of Telegram tokens, is creating a series of tools for developers to help them build on the new network. One of these tools will be a Solidity compiler, which will allow decentralized applications created for ethereum to also run on TON, said the CEO and managing partner of TON Labs, Alexander Filatov.

Filatov told CoinDesk:

“That was probably the most difficult thing we built. It will allow the advanced Ethereum community to pull everything they wrote for ethereum into TON.”

The compiler has been in tests since July, he said.

Pre-launch tests

As mentioned, TON is expected to launch before October 31. If it does not, Telegram will have to reimburse investors in their token sale, in accordance with their user agreement. Sunday’s launch, therefore, is expected to be the last in a series of testnet launches.

Filatov said that Sunday’s code release will be the most important stage of TON’s release, and said:

“We have very little time between the node release and the mainnet launch to test, identify and fix possibly bugs and vulnerabilities.”

The code for a thin client was shared with investors earlier this year and immediately leaked to the general public. Filatov said this client allowed users to play with some of the basic functions of TON blockchain.

“You can play with GRAM [the network token], write a simple smart contract by talking to the node through a thin client [and] create a wallet,” Filatov said.

Telegram raised at least $ 1.7 billion in 2018 for its long-awaited blockchain. The six-year courier service claims to have more than 200 million active users.

Telegram image via Shutterstock

This article is republished from coindesk.com. If you have any questions, objection or any other matter you can contact us. Thank you for visiting our website.

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