Will TON be able to attract a sufficiently large ecosystem of developers?.Can the proposed combination of stakeholders in the byzantine fault-tolerant Proof of Stake consensus mechanism avoid the centralization of its actors?.Is the proposed scaling strategy going to work and seamlessly intertwine with a radically reinvented general architecture?.Furthermore, there are a lot of unanswered questions that must be raised, partially owing to the chosen development strategy and a resulting lackluster public scrutiny.On the other hand, Libra offers a fairly stable alternative owing to its full collateralization with traditional assets. From an economic perspective, TON’s Gram is a utility token or crypto-asset subject to price fluctuations (in fiat).While Libra’s vision is to reinvent how money circulates across the globe, TON attempts to improve the entire blockchain stack radically. However, unlike Libra, there are several key differences between the two very ambitious projects:.This broad user-base could immediately turn TON into one of the largest blockchains. Telegram has an estimated user-base of ~500 million users.The launch of the Telegram Open Network marks the birth of the 5th generation of blockchains, with features such as dynamic sharding, “tight-coupling” for blockchain interoperability, and multichain networks (both homogeneous and heterogeneous).However, if TON is not able to live up to its promise and issue the first TON tokens (i.e., Gram) by October 31st 2019, the capital raised will be returned to investors. Back in Q1 of 2018, the Telegram Open Network (TON) secured USD 1.7bn in funding from private investors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |