Pavel Durov's blockchain project Telegram Open Network (TON) is 70% complete. This became known from the documents published in the network, dated the fifth of September. They were announced by Button co-founder Mike Dudas.
They confirm previously published information that the TON Virtual Machine (TVM) smart contract mechanism is “fully implemented and tested.” Its readiness is estimated at 95%.
It is also noted that at the completion stage there is a component for executing transaction requests in the TON network. At the same time, the software for block validation is only 10% ready.
TVM is fully implemented and internalyl tested. Minor modifications are likely to be necessary during the process of binding TVM with TON blockchain generation and validation software.
"TON Development Status" document
In 2018, Telegram in the course of two rounds of the closed ICO raised $ 1.7 billion to develop the project.