Telegram Open Network IOU price is $0.01363865
The price of Telegram Open Network (GRAM) has increased to $ 0.01363865 in the past 24 hours, indicating a change of +0.00%. This is a reflection of the market's current sentiment and trading activities concerning GRAM.
The Telegram Open Network (GRAM) was a proposed blockchain platform that aimed to extend Telegram's ecosystem into the realm of decentralized services, from messaging to payments and beyond. It intended to provide high-speed transactions and become a competitor to other prominent blockchains by leveraging the existing user base of the popular messaging app, Telegram.
The Telegram Open Network was developed by the same team that created the Telegram messaging app. The Durov brothers, Pavel and Nikolai, who founded Telegram, were also the driving force behind the Telegram Open Network. They are well-known figures in the tech industry with a history of building successful digital enterprises.
The Telegram Open Network was designed to employ a unique multi-blockchain architecture, aiming to facilitate faster transactions and scalability compared to existing cryptocurrencies. GRAM, the native token, was intended to be used for commission payments for processing transactions and storing data, as well as a currency for the purchase of digital and physical goods within the network.
The unique selling point of Telegram Open Network was its combination of the wide user base of the Telegram messaging service with the capabilities of a full-scale blockchain platform. Additionally, TON promised to introduce a user-friendly interface, making it accessible for mass adoption, and smart contracts that would be more user-friendly than those of existing networks.
One of the prominent features of Telegram Open Network was its "Infinite Sharding Paradigm". This method was supposed to allow the blockchain to automatically split and merge to accommodate changes in load. Another feature was Instant Hypercube Routing, designed for the blockchain to maintain top-speed even as it grows. The platform also planned to have a Proof-of-Stake (PoS) approach to validate transactions, which is generally more energy-efficient than Proof-of-Work (PoW) systems used by cryptocurrencies like Bitcoin.
Although the network has not been launched, the security of Telegram Open Network was intended to be robust, with a PoS consensus mechanism being the backbone designed to provide a high level of security. This approach relies on validators who have a stake in the network to confirm transactions and create new blocks.
The circulating supply of GRAМ tokens and the total supply are not publicly known, as the project encountered regulatory hurdles and was not fully launched.
Telegram Open Network intended to function as an all-encompassing payment solution that would leverage Telegram's users to facilitate rapid and secure transactions, both within the Telegram ecosystem and in broader use cases, such as micropayments on the web.
The upgrade mechanism for Telegram Open Network’s technology isn't clearly defined due to the project’s halted development. However, most blockchain projects include governance protocols that allow their communities to vote on and implement changes, suggesting TON might have aimed for a similar approach.
The Telegram Open Network project was seen by many as a statement about the importance of privacy and decentralization, particularly from Pavel Durov, who has been an outspoken advocate for these principles. However, the project was not inherently political; its goals were mainly focused on technological innovation.
The price of Telegram Open Network (GRAM) tokens was set during private fundraising rounds, but given that it never fully launched to the public, there's no consistent market pricing to reference.
GRAM tokens were never officially available to the public as TON had not launched due to regulatory challenges. Therefore, there have been no exchanges listing GRAM for trading.
Although GRAM tokens are not in circulation, generally speaking, storing any cryptocurrency would require using a digital wallet that is secure. This could be a hardware wallet, which is typically considered the most secure option, or a software wallet with robust security features.
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