Cryptocurrency News

Four years on, Telegram’s blockchain project gains ground in Africa

2022.04.19 17:47

Four years on, Telegram’s blockchain project gains ground in Africa
Four years on, Telegram’s blockchain project gains ground in Africa

It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON).

However, following a lengthy litigation battle that lasted until May 2020 with the United States Securities and Exchange Commission over its $1.7 billion initial coin offering (ICO), Telegram had to sever its ties with the project, leading many to believe that TON was done for.

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