In the Telegram channels devoted to the upcoming ICO Telegram Open Network (TON), which the creators of the original messenger are supposedly behind, white paper is spreading, containing detailed information about the upcoming project. The document consists of 132 pages, which corresponds to the description previously provided by TechCrunch.
As the author of white paper, the elder brother of Pavel Durov Nikolay, who is the co-founder of the Telegram project, is listed.
The Telegram Open Network (TON) is a fast, secure and scalable blockchain and network project, capable of handling millions of transactions per second if necessary, and both user-friendly and service provider-friendly. We aim for it to be able to host all reasonable applications currently proposed and conceived. One might think about TON as a huge distributed supercomputer, or rather a huge “superserver”, intended to host and provide a variety of services.
Alleged TON Whitepaper
The author of the document notes that it does not contain the final information about all the details of the project.
The main part of the document is devoted to the principles of the TON blockchain, including "shardchain" (shardchain), which will represent the smaller elements of the "workchain", which in turn enter the main block or "masterchain".
Separately, the principles of the functioning of applications and the operation of payment channels are described (the possibility of using the Lightning Network technology is considered), as well as the own TON Gram network's criticality. According to white paper, Gram is used to store the deposits needed to become a validator, and cover commissions related to the transfer of transactions, the processing of smart contracts and the storage of data.