Source Says Telegram’s Blockchain Project Will Be Compatible with Ethereum

Telegram’s new blockchain venture will be compatible with ethereum, a tech startup building devices for the network stated.

The messaging company is anticipated to roll out the code to run a node on the Telegram Open Network (TON) on Sunday, permitting clients to test its project in advance of the project’s anticipated mainnet reveal on October 31. TON Labs, a tech startup managed by investors in Telegram’s token sale, is creating some tools for developers to assist them in constructing the upcoming network. One of these developer tools will be a Solidity compiler, which can permit decentralized applications created for ethereum to also run on TON, said Alexander Filatov, CEO and managing partner at TON Labs.

Filatov said:

“That was probably the most difficult thing we built. It will allow the advanced Ethereum community to pull everything they wrote for ethereum into TON.”

As specified, TON is anticipated to go live by October 31. In case it does not, Telegram will have to refund investors in its token sale, based on its client agreement. Sunday’s release, in this manner, is anticipated to be the last in a series of testnet releases.

Filatov said Sunday’s code release would be the foremost critical stage of TON’s launch, stating:

“We have very little time between the node release and the mainnet launch to test, identify and fix possibly bugs and vulnerabilities.”

Code for a light client was shared with investors this year and quickly spilled to the general public. Filatov said this client permitted users to play around with a few of the TON blockchain’s fundamental functions.

Filatov stated, “We have very little time between the node release and the mainnet launch to test, identify and fix possibly bugs and vulnerabilities.”

Telegram secured at least $1.7 billion last year for its fervently expected blockchain. The six-year-old messaging service asserts to have more than 200 million dynamic users.