“Gram”, Telegram’s New Coin
By QuantVan on Altcoin Academy
In this article of QuantVan, we want to know about “Gram”, Telegram’s new coin.
Telegram:
Telegram is one of the famous messaging apps. It is known around the world as an app with ups and downs however has maintained popular among its users in countries most troubled by anonymity issues. The app is famed for its anonymity, reliability, security, and speed.
What Is Gram?
Telegram is also well-known for having its own blockchain linked to the “GRAM coin” . The Gram coin is a cryptocurrency based on the TON blockchain platform. A feature of the Gram blockchain platform is the high transaction speeds. The Gram blockchain platform is going to allow millions of transactions per second. Telegram wants to make Gram a new type of currency for use in international payments. According to the developers, GRAM is to become a crypto-analog of Visa and MasterCard. The Grams are intended to make it possible to buy and sell goods on Telegram.
[caption id=”attachment_867" align=”alignnone” width=”834"]
Telegram’s cryptocurrency[/caption]
When Does It Launch?
Telegram is planning to send out the first batches of its coin, the Gram, within the next two months.
Features Of The Gram:
Telegram in its sales pitch for the Gram, which was viewed by The New York Times, has said the new digital money will operate with a decentralized structure similar to Bitcoin, which could make it easier to skirt government regulations.
In GRAM, instead of mining, the “validators” provide a consensus on the validity of transactions and receive a commission for their services. This makes GRAM less like Bitcoin and more like Ripple.
Telegram is also planning to make Gram digital wallets available to the 200 million to 300 million global users of it’s messaging application.
Unlike Facebook, which released public plans for its digital money long before the first token was ready, Telegram has largely proceeded in secrecy.
Once Telegram releases the coins, it will be governed by a decentralized network of computers. Telegram has no control over how and where the coins can move.
Telegram has been quite secretive about its plans for Gram. There haven’t been many ways for individuals to buy Gram tokens directly from Telegram itself.
You can also click here for more information about Gram coins and Telegram’s policy for launching it.
