Communication and its flow should always be free. Data transfer of any kind, news, messages, finances etc. should all be able to run without restriction and interference. In addition, individuals and organizations, which produce data, should be the logical owner, not the ones which provide different kinds of services for data storage and transition.
Furthermore, security of the data in communications should be paramount. What people discuss privately should remain amongst themselves, not another party who can intercept, analyze, and auction it off to the highest bidder. This is what “The Open Network” is all about: creating a decentralized network that allows for the free flow of communication. The data created pertains to the sender and is secure to a level that only he or she and the recipient can read.
TON
The Telegram Open Network (TON) is a blockchain project envisioned by the creators of Telegram messaging platform. The decentralized system has been created to answer the issues discussed above.
Telegram was the brainchild of the Durov brothers: Nikolay and Pavel. Created in 2013, the instant messenger system offered one of the toughest encrytions in the market at its time, making it nearly impossible for intercepted messages to be read. The Durov brothers believe that privacy and secure communication are common rights that every person is entitled to. Over the years, Pavel looked at blockchain and realized that this technology was the answer towards the freedom he wanted everyone to have.
The Telegram Open Network is a continuation of that concept. The ICO was launched in February 2018 with the Gram being the native token of the network. Many famous personalities have invested in the blockchain system, including Sergey Alexandrovich Solonin (the founder of Qiwi) and Roman Arkadievich Abramovich (famous Forbes listed entrepreneur).
TON scrutiny
TON was immediately subjected to scrutiny and legal action by the Securities and Exchange Commission (SEC) at its creation. A few days before its launch, the SEC struck it down with a legal action, declaring that the Gram token was an unregistered security. The long legal battle was eventually won by the regulatory authority when Pavel decided to shut down the project and reimburse all invested money.
TON was far from dead though. The project had gathered a massive fan base and community who were dedicated to its resurrection. A collection of TON validators announced that they will continue the mission under the new name “Free TON.”
Free Ton is not just any other decentralized platform; it has been built to encompass every minute detail possible. The TON operating systems, or TON OS, is a distributed OS that can facilitate running dApps. Free TON is onboarding firms and individuals from around the world to become a part of connecting the globe in the new age of distributed ledger technology to further drive its goal.
Today there are more than 7,000 individuals and companies who have signed up and committed to use the Free TON network. The blockchain network allows them to build complete systems that rival centralized and legacy ones, but without the need of a central authority. Non-custodial in nature, the blockchain system allows people to leverage its speed, security, and efficiency in conjunction with smart contracts to build applications that can be used in everyday life and in complex, financial, and economic systems.
Breaking Chains
Since crypto tokens and coins were a still new phenomenon a couple years ago, there was a lot of confusion around the legal status of these digital assets. Unregulated and offering higher returns than any other asset in history, the world was gripped in an ICO fever in 2017. The immense participation of people and firms to acquire these newly launched tokens drove their value. As the global regulatory bodies reacted, the clamp down took a heavy toll. To counter this, blockchain projects started to offer token sales to accredited investors with strict KYC and AML checks. This cut off thousands of individuals and other small investors. They solved this by allocating 93% of all its tokens for development by the community.
Conclusion
Rising like a phoenix from the ashes of TON, Free TON is a globe encompassing blockchain network that aims not to cater to as specific area or industry, but as a complete ecosystem that allows anyone to become a part of it. Games, financials, supply chain, and everything can be created on this network.
The decentralization ensures that there is never one central power in control. The high level of security, efficiency, and trustless environment gives Free TON users the ease of knowing that their data, information, and assets are in their control. No individual or body will ever have the power to take what is theirs and exploit it. Free TON will truly be a global revolution.
