Alleged Telegram ICO Whitepaper Leaked

The document consists of 132 pages, which corresponds to the description previously provided by TechCrunch
15 January 2018   839

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.

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Microsoft to Ban Crypto Ads in Bing Search Engine

Advertisements related to virtual currencies or promotion of fake/forged virtual currencies are now prohibited
17 May 2018   135

Bing is a very famous web search engine owned and operated by Microsoft. A couple of days ago Bing reported in its Blog that online fraud involving financial services became a serious problem recently. Bing published a list of policies to help ad providers meet approval and protect consumers and businesses from being victimized. The polices apply to all forms of currency including real and virtual currency.

Advertising for the following products and services is not permitted: Ponzi schemes, pyramid schemes, or other legally questionable business opportunities, particularly if returns on investment rely solely on adding participants to the scheme or the consumer must pay a subscription fee or buy a specific product to join, and the value proposition of doing so is undefined.
 

Bing Blog post

Bing now bans ads related to solicitation of funds except by recognized charities or organizations. Advertisements related to virtual currencies designed to facilitate illegal purposes, to avoid applicable taxes, money laundering, promotion of fake/forged virtual currencies are also prohibited. The full ban of such ads is expected in late June or early July.

Previously, we have reported that Facebook created a new policy that prohibits all advertisements for cryptocurrency and ICOs as part of an effort to improve the integrity and security of ads.