Telegram to launch decentralized crypto products
Telegram founder Pavel Durov said the messenger plans to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges to securely trade and store crypto.
The new venture will seek to fix the current centralization of crypto entities, "which let down hundreds of thousands of cryptocurrency users."
"We, developers, should steer the blockchain industry away from centralization by building fast and easy-to-use decentralized applications for the masses. Such projects are finally feasible today."
According to Durov, it only took five weeks and five people, including himself, to create Fragment – a fully decentralized auction platform.
They were able to do so, because Fragment is based on The Open Network, or TON – "a blockchain platform that is fast and efficient enough to host popular applications."
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Telegram founder Pavel Durov said the messenger plans to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges to securely trade and store crypto.
The new venture will seek to fix the current centralization of crypto entities, "which let down hundreds of thousands of cryptocurrency users."
"We, developers, should steer the blockchain industry away from centralization by building fast and easy-to-use decentralized applications for the masses. Such projects are finally feasible today."
According to Durov, it only took five weeks and five people, including himself, to create Fragment – a fully decentralized auction platform.
They were able to do so, because Fragment is based on The Open Network, or TON – "a blockchain platform that is fast and efficient enough to host popular applications."
Subscribe to @Cryypto_Updates