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Telegram Gives Up On Crypto Blockchain Project
Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durovโs cryptocurrency idea lost steam because of a U.S. court. โThe technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,โ he wrote on his channel. โUnfortunately, a U.S. court stopped TON from happening.โ
What is Secret Chats of Telegram
Secret Chats are one of the serviceโs additional security features; it allows messages to be sent with client-to-client encryption. This setup means that, unlike regular messages, these secret messages can only be accessed from the deviceโs that initiated and accepted the chat. Additionally, Telegram notes that secret chats leave no trace on the companyโs services and offer a self-destruct timer.
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