According to an article from CoinDesk the Blockchain-project Telegram Open Network (TON) of the Messaging service Telegram will be with Ethereum compatible. So it is possible to execute distributed applications, which were developed for Ethereum, also on CLAY.
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Telegram receives a total of 1.7 billion from investors
In the last year, the Telegram made the headlines after the Messaging service, a total of 1.7 billion dollars have been collected for the development of the Telegram Open Networks in several private rounds of financing. In the description of the Blockchain system, which was distributed in January 2018 to potential investors, promised the Team that can compete in terms of speed of Payment with Visa and Mastercard.
Since then, it was rather quiet around the project. Until today it is not clear where the capital is invested or how it was used. It is also unclear when Telegram will bring the network to the Public. According to a Russian news Agency, based on the statements of an anonymous SOUND-Investors, is set to begin public testing on Sunday.
Attack on Ethereum?
As a contribution of 01. September 2019 emerges from CoinDesk, will be the TONE network with Ethereum compatible. This is made possible by a so-called Solidity-Compiler – a Tool that, from the SOUND Labs was developed and distributed applications that were developed for the Ethereum network, also on clay can be executed.
Alexander Filatov, CEO and Managing Partner of SOUND Labs, told CoinDesk:
“That was probably the Hardest thing we have built. It is the advanced Ethereum will enable the Community to integrate everything that you have written for Ethereum, in TONE.“
Whether it Telegram succeeds Ethereum-to convince developers to switch the platform, remains to be seen. Many have tried. Also, Justin Sun, CEO of TRON, was looking for several times comparing to the currently most valuable platform to market capitalization. But so far no one was able to run Ethereum the rank.