Messaging platform Telegram will end support of Telegram Open Network (TON) Blockchain test network. The remaining TON validator will be off within August 1st.
07 July, 2020 | AtoZ Markets – Telegram released TON testnet network in September 2019. But in the middle of October, the US SEC halted its $1.7 billion ICO for allegedly selling unregistered securities. However, Telegram leaves the TON project in May after a long battle with US SEC.
Telegram Abandons Its Support From TON Test Network
Telegram will finally end its support of the TON blockchain test network from August 1st 2020. TON officials recommended saving all data relevant to network participants and stopping the testing process.
However, if anyone still wants to continue testing on the blockchain network, they can do it by installing the testnet validator. It described in more detail in three different how-to documents including full node, validator and test gram guidelines. Telegram said:
“We are discontinuing our support of the test network of the TON Blockchain. Our remaining validators will be switched off not later than 1.08.2020. Please save all relevant data and terminate your testing process. If you need to continue testing after this date, you can install your own testnet validators”
Telegram CEO Pavel Durov accused US courts of closing TON. According to a court ruling, the company cannot issue tokens outside the United States. Telegram also paid an $18.5 million penalty to the SEC. Pavel Durov said:
“The US court declared that Grams couldn’t be distributed not only in the United States but globally. Why? Because, it said, a US citizen might find some way of accessing the TON platform after it launched. So, to prevent this, Grams shouldn’t be allowed to be distributed anywhere in the world – even if every other country on the planet seemed to be perfectly fine with TON.”
Think we missed something? Let us know in the comment section below.