Despite initial doubts over whether they could execute the crypto project, Telegram launches TON testnet Lite client, according to files posted on test.ton.org.
May 30, 2019, | AtoZ Markets - Telegram, an encrypted instant messaging service has finally launched its official testnet for the Telegram Open Network (TON). The news came into the public domain through the files posted on test.ton.org. The posted files contain the preliminary version of the TON testnet Lite client version along with the TON blockchain library.
The files for the stable version of TON testnet Lite client version was earlier uploaded on Github by some user on May 25. If one downloads the files from Github and configure it correctly, it would connect the user to the full node of the TON blockchain testnet.
Along with the Lite client, the users also have the option to download configuration file which would enable the development of smart contracts. The smart contract configuration file connects the user to a special server, on which the user can start creating new smart contracts, audit the existing ones, and send external messages to smart contracts as well.
Fift is a new programming language for TON
Telegram also released a new programming language in the form of Fift, which has been specifically designed for developing and managing smart contracts on the TON blockchain. The programming language would also help in interacting with the TON Virtual Machine.
In April, Telegram supposedly conducted a confidential TON blockchain beta trial to as restricted amount of programmers across the globe. While no inferences were made based on the trials, two anonymous testers disclosed that the blockchain showed an “exceptionally high transaction speed.”
Telegram has been working on its blockchain program for quite some time, and it also created an ICO record with nearly $2 billion raised. Since the ICO, there have been several leaks around the official TON network. Among all the leaks the most prominent has been a Youtube video displaying various features of the new Telegram app with support for various Dapps and payment options within the application.
What is more, Facebook is also developing a project called “Globalcoin.” According to the latest reports, the social media giant is planning to set up a digital payments system in a dozen countries by the first quarter of 2020. When combined, the efforts mean that over 2 billion people will be exposed to cryptocurrency. Zcash CEO Zooko Wilcox recently called Facebook’s project “awesome.”
Will people stick with the platforms offered by Facebook and Telegram, or will they look into the vibrant world of cryptocurrency to discover things like Bitcoin? Let us know your thoughts in the comments below!