The Free TON project, a community-led software development following Telegram’s failed attempt to launch blockchain, announced on Tuesday the launch of an effective backbone network for the project.
The network was originally launched in May 2020 based on the Telegram code base, but otherwise showed no connection to the carrier and the first coin offer of $ 1.7 billion dollars.
The announcement of the mainnet launch on Tuesday is largely a formality, as it does not involve the launch of a new network. Instead, the developers chose a date to define “adequate decentralization” of the network and start an effective backbone. In memory of this event, a live broadcast was held where a “statement on decentralization” was displayed on the blockchain, which everyone could sign.
The community consists of over 400 auditors and 15 “full-fledged geographical sub-governments”, equivalent to a decentralized independent organization or DAO. Mitya Goroshevsky, CTO of TON Labs, said that “adequate decentralization” is also determined by the number of tokens distributed. Although this has not yet been fully implemented, so many tokens still need to be distributed, the process is now mature enough to consider the network decentralized.
Free TON did not support the sale of tokens, and instead preferred to distribute tokens in exchange for small contributions to the network, similar to the giveaway. During 2020, the project distributed TON Crystal tokens in more than a hundred competitions and joint initiatives.
The team also unlocked a new node client resource written in Rust, which the team claims has better performance and lower latency than the old client written in C ++. Goroshevsky said that this customer has been deliberately slowed down with existing nodes, but is not yet fully operational with the main network.
Telegram Open Network whitepaper describes a set of project technologies that are expected to be highly scalable and adaptable to different DApps. However, Telegram saw its biggest competitive advantage by integrating with the existing Telegram app, which already has millions of users. While it is clear that Free TON will not have the same benefits, it is still worth building a large community of developers and users.
Free TON has its own code, which distinguishes it from many of the TON forks that appeared after Telegram officially closed the blockchain project in July.