A bit from Toncoin history

Telegram had been working on its own blockchain platform, Telegram Open Network, since 2017. And since the beginning the TON (Telegram) team aimed their blockchain to be the most ideal blockchain’s realization in the world. TON (Telegram) would have to solve various weak points of modern crypto projects at the same time:

1. Transaction’s speed;
2. Protection from frauds;
3. Legislative limitations.

But in May 2020, the U.S. Securities and Exchange Commission (SEC) prohibited Telegram from launching a blockchain. As a result, Pavel Durov (Telegram CEO) had to abandon the project, and he transferred the domain, the repository on Github, and the trademark to a team of participants and winners of developer Telegram contests after their open request.

After that, the Telegram Open Network was renamed to The Open Network and the Gram token to Toncoin. On this channel we are talking about The Open Network blockchain and TON coin cryptocurrency.

@givemetons