Prior to diving into the specifics of the Telegram ICO itself, Ton, it’s best to backtrack slightly in order to understand why this Blockchain project, in particular, can be attributed the ‘mighty’ label.
The best way to start – would be by dissecting the recent actions spearheaded by the instant popular messengers’ founder and leader, Pavel Durov.
Pavel Durov – Vkontakte roots and political pressure.
Prior to launching Telegram, Durov provided Russian citizens with a social media platform frequently dubbed to be the Russian alternative to Facebook, Vkontakte. Durov lead the social media platform since 2006, and up until April 2014, at which point he faced a dismissal as CEO.
Quite a deal of mystery surrounded Durov’s leave from Vkontakte. It’s worth noting that during his time there, Durov was consistently nudged by Russian security agencies to disclose data pertaining to protestors and to block the account of a Russian presidential candidate on the site itself.
Durov refused these requests on grounds of user privacy, one thing lead to another, and he was abruptly booted from the company. Later claiming that Vladimir Putin’s business allies aggressively took charge of the platform.
However, despite his leave, history would repeat itself, and Pavel Durov would again face mounting pressure from Russian political authorities in light of Telegram, the globes go-to messenger for cryptocurrency, ICO, and Blockchain purposes.
Telegrams role in the Blockchain project sphere.
It’s quite likely that upon Telegrams conception, thoughts of it becoming the go-to messenger for Blockchain purposes could be drawn off as random shots in the dark. However, at this very moment, nearly every project hitting the space has a community chat group built around itself within the end-to-end encrypted messaging service. As a matter of fact, popular opinion dictates that a project which doesn’t have a presence on Telegram – is shady.
However, despite its popularity, Telegram has faced a significant amount of scrutiny recently. Most, if not all of it stemming from Russian authorities. In a recent turn of events, Durov was ordered by Russian courts and the FSB to hand over decryption keys to the messenger so that authorities would be able to read user messages in order to maintain national security and for counter-terrorism purposes.
Being the privacy advocate that Durov is, the government’s request was denied. Which ultimately resulted in Russia banning close to 17 million IP addresses.
Upon Durov denying Russia’s request for encrypted key disclosures, authorities were forced to ban IP addresses associated with Telegram. Amazon and Google hosting services also fell under the effect of this ban. Resulting in 17 million IP addresses being cut off from access to the popular application. Which directly affected a significant amount of small business that ran their operations within the platform. Several schools, Volvo dealerships, and even Kremlin official government employees who held channels in Telegram were affected.
Now, IP’s can be taken down, messengers can be banned, CEO’s can be pressured to leave. But there’s one thing that government entities can’t do – take down a Blockchain network. Ever.
Telegram Open Network ICO
TON is quite the ambitious project, which has to this day, accumulated a colossal amount of financial support (most likely over 1 billion USD at this point). No wonder, considering the functionality Durov aims to introduce the market to.
TON will employ a multi-Blockchain ecosystem that is super scalable, wallets, exchange functionality, and a variety of identification features that will increase mass exposure to the age of digital assets.
A flexible Blockchain system that can support almost 300 various Blockchains will be at the heart of TON. Additionally, TON will be able to repair fault Blockchain blocks through the use of 2-D distributed ledgers.
Given the messenger platforms wide reach and universal target audience – failure seems to be out of the question.