Report: Devs Running Private Tests on Telegram TON Network

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What appears to be a beta version of Telegram’s forthcoming TON blockchain platform is now being tested, as the company prepares to launch it Gram cryptocurrency.Per a report from Russian media outlet Vedomosti, two unnamed people who have had access to the beta version said the TON network showed it could process transactions at “extremely high speeds.” However, it’s not clear what it really means as the numbers were not provided.

Telegram had previously hoped to unveil both the Gram and the TON network last month, but now appears to be putting the finishing touches on the latter prior to its launch. Experts claim that Telegram is still hoping to debut its token in East Asia – with Japan said to be the preferred location for the cryptocurrency’s bow.

Report

VKontake has also been considering developing a token of its own, but has sparked major confusion in Russia since it appeared to launch a mining app for the VK Coin token on April Fool’s day – prompting many users to assume the token launch was no more than a prank.

To add to the confusion, though, SEOnews.ru reports that the mining app has now been closed down. App users who attempt to open the app are presented with a message that reads: “Mining has been stopped. Now the fate of the coin is in your hands. Dispose of the coins you earned any way you wish to.”

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