Bitcoin

Free TON achieves mainnet status after complete decentralization

The project FREE SOUND, a community-run software branch of Telegram’s unfortunate attempt to start a blockchain network, announced on Tuesday the start of the effective mainnet of the project.

The network was originally launched in May 2020, based on the telegram code basebut otherwise shows no association with the communications company and initial coin offering of $ 1.7 billion.

The mainnet announcement is mainly a formality, as this does not imply any new network starts. Instead, The developers have chosen the date to mark a “sufficient decentralization” of the network and an effective start of the main network. On this occasion, a live broadcast ceremony with a “Decentralization Declaration” took place in the blockchain network, which can be signed by anyone.

Free TON achieves mainnet status after complete decentralization
Free TON achieves mainnet status after complete decentralization

The municipality has more than 400 validators and 15 “fully trained geographic sub-governments”., the project equivalent of a decentralized autonomous organization, or DAO. Mitja Goroshevskiy, CTO of TON Labs, “Sufficient decentralization” is also defined by the number of tokens distributed. Although this has not been fully achieved as there are still many tokens to be distributed, The process is now mature enough to take the decentralized network into account.

Free TON has not sustained any token sales. rather distribute tokens in exchange for small contributions to the network, similar to a drop of air. Throughout 2020 The project distributed TON Crystal tokens in over a hundred competitions and cooperation initiatives.

The team also opened a new node client written in Rustwhich the team said has higher performance and lower latency than the previous client, written in C ++. Goroshevskiy said this client was intentionally slowed down to work with existing nodes. but it is not yet fully mainnet-capable.

The Telegram Open Network whitepaper outlined the project’s technology stack, which is expected to be highly scalable and adaptable to a variety of DApps. However, Telegram saw its greatest competitive advantage in the integration into the existing Telegram appwhich already has millions of users. Although Free TON will clearly not have the same benefit, still pushes to create a large community of developers and users.

Free TON is the first of several TON forks that emerged after Telegram officially closed its blockchain project in July after losing its litigation with the SEC.

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