TON network announces its new encrypted messaging feature

TL;DR Breakdown

  • TON Network has announced the release of a new encrypted messaging feature within its network.
  • The foundation wants to drive growth with the new feature.

Description

The TON network, developed by the TON Foundation, recently unveiled a new on-chain encrypted messaging feature, allowing users to send private messages within the network. TON, which originated from code created by the Telegram instant messaging app team, was forked and open-sourced after Telegram abandoned the project in July 2020 before its mainnet launch. TON … Read more

The TON network, developed by the TON Foundation, recently unveiled a new on-chain encrypted messaging feature, allowing users to send private messages within the network. TON, which originated from code created by the Telegram instant messaging app team, was forked and open-sourced after Telegram abandoned the project in July 2020 before its mainnet launch.

TON network rolls out a new encrypted feature on the network

The TON Foundation has since taken charge of building the current TON network, which is designed to provide greater scalability and transaction throughput while maintaining decentralization within the Web3 ecosystem. Previously, TON users could send messages in transactions, but these messages were publicly visible. The newly introduced feature now enables end-to-end encryption of messages, ensuring that only the intended recipient can read them.

According to Anatoly Makosov, a core developer for TON, the encrypted messaging feature adds a level of personalization to transactions. Users can include personalized texts such as “for coffee” or “happy birthday” when sending Toncoin, Jettons, or NFTs on TON. This popular feature has now been enhanced with full encryption, enhancing privacy and security.

Additionally, Makosov highlighted that the encrypted messaging feature could serve as a reliable method of communication in extreme scenarios like an “apocalypse” where traditional messenger servers fail. In such cases, TON can provide a safeguarded and dependable platform for private communication. To access the encrypted messaging feature, users can currently utilize various retail wallet apps, including MyTonWallet, OpenMask, and TON Wallet. The TON Foundation plans to incorporate this feature into the mobile wallet Tonkeeper through upcoming updates, as stated in the announcement.

The foundation wants to drive growth with the new feature

In line with efforts to foster network growth, the TON Foundation launched a $25 million accelerator program in May. The program aims to incentivize app developers to build applications on the TON network, further expanding its functionality and user base. Furthermore, in November, an independent development team introduced a Telegram trading bot to facilitate user onboarding to TON.

By integrating on-chain encrypted messaging, the TON network demonstrates its commitment to privacy and security, catering to users’ increasing demand for enhanced data protection. This feature aligns with the broader industry trend of prioritizing user privacy and confidentiality within blockchain networks.

As the TON ecosystem continues to evolve, the introduction of new features and developer initiatives is expected to contribute to its growth and adoption. The TON Foundation remains dedicated to establishing TON as a robust and decentralized network, offering scalability, transaction throughput, and now, encrypted messaging capabilities. With TON’s ongoing advancements and the expanding range of applications built upon the network, it will be interesting to observe how the project progresses and how the blockchain community responds to its innovative features and potential use cases.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:TON network announces its new encrypted messaging feature

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月6日 16:47
Next 2023年7月6日 17:52

Related articles

  • Coinbase unveils Base network’s road to mainnet

    TL;DR Breakdown Coinbase has shared a detailed breakdown of the road to mainnet of its Base network. Speculations engulf Base network’s testnet and future application. Coinbase has revealed in a recent blog post a roadmap detailing the necessary steps for the launch of its mainnet. While specific dates were not provided, the roadmap outlines five criteria that need to be fulfilled before the network can go live. Out of the five, two have already been met, leaving three remaining milestones. The Base network was introduced by Coinbase on February 23 as a layer 2 solution for Ethereum, utilizing Optimistic Rollup technology to enhance scalability and reduce transaction fees. Currently, the Base testnet is only connected to the Goerli testnet version of Ethereum, not the mainnet where most users hold their assets. Coinbase releases detailed information on Base network The Base network relies on the OP Stack, a set of code also utilized by the Optimism network. The Base team expressed progress towards the mainnet launch in their announcement, emphasizing the fulfillment of the five criteria as prerequisites. The first criterion,…

    Article 2023年5月27日
  • Experts think the Fed nightmare isn’t ending anytime soon

    Description The US Federal Reserve, that cumbersome entity steering our economic ship, seems poised to throw another curveball our way. Despite the hopes and dreams of investors everywhere, it looks like we’re in for yet another interest rate hike, potentially pushing past the already daunting benchmark level of 5.25-5.5%. A figure, mind you, that’s the highest … Read more The US Federal Reserve, that cumbersome entity steering our economic ship, seems poised to throw another curveball our way. Despite the hopes and dreams of investors everywhere, it looks like we’re in for yet another interest rate hike, potentially pushing past the already daunting benchmark level of 5.25-5.5%. A figure, mind you, that’s the highest in 22 years. The financial bigwigs, the ones you see making flashy predictions on TV, have been laboring under the belief that the current restrictions will be enough to wrestle inflation to the ground, hoping to see the rates stabilize into 2024. Oh, how wrong they might be. Contradicting the Market Mood A recent survey, conducted with some fancy partnership between the Financial Times and the…

    Article 2023年9月18日
  • Best Twitter threads of the day – June 13th

    SEC Hinman email release summary 1/25 SEC Hinman email release summary: -Not a big impact to the $XRP case.-Decently positive for $ETH.-Nuance puts Gensler in a corner. Let’s recap the Hinman speech and I’ll explain why this is damning for Gensler’s position! pic.twitter.com/Ca4ljiJYZr — Adam Cochran (adamscochran.eth) (@adamscochran) June 13, 2023 3/25 Hinman’s guidance in his speech certainly went beyond the scope of Howey by attempting to understand the nuanced intent of users vs investors – as well as trying to ask the question of ‘morphing’ this concept of can something be a security and then later not a security. — Adam Cochran (adamscochran.eth) (@adamscochran) June 13, 2023 4/25 (Which caveat, I think we can derive from Howey itself but that’s another thread) But, Hinman was so focused on this idea of “morphing” that he wanted that to be the initial name of the speech. pic.twitter.com/Ctq0Z7REz0 — Adam Cochran (adamscochran.eth) (@adamscochran) June 13, 2023 7/25 Then Hinman points out something Gensler has seemingly forgotten: “In Howey, orange groves did not become a security, even though the sale of the future…

    Article 2023年6月16日
  • IMF and G20 unveil coordinated roadmap to regulate crypto assets

    TL;DR Breakdown The IMF and Financial Stability Board under G20 leadership have released a joint policy paper outlining a coordinated approach to regulate cryptoassets, aiming to mitigate global financial risks. The paper emphasizes the need for comprehensive regulation and suggests targeted, temporary restrictions as more effective than blanket bans, particularly for emerging economies. The roadmap also addresses the risks posed by the proliferation of stablecoins and calls for clear tax treatment and application of existing laws to the crypto sector. Description The International Monetary Fund (IMF) and the G20’s Financial Stability Board (FSB) have released a joint paper outlining a coordinated approach to regulating crypto assets. However, the paper aims to mitigate the risks posed by cryptoassets to global financial stability and will be presented at the upcoming G20 summit in New Delhi. A comprehensive regulatory … Read more The International Monetary Fund (IMF) and the G20’s Financial Stability Board (FSB) have released a joint paper outlining a coordinated approach to regulating crypto assets. However, the paper aims to mitigate the risks posed by cryptoassets to global financial stability and…

    Article 2023年9月7日
  • Binance.US CEO Brian Shroder resigns — The full story

    TL;DR Breakdown Binance.US, the American arm of the global crypto platform, faces major challenges, with 100 job cuts and the departure of its CEO, Brian Shroder. The Securities and Exchange Commission (SEC) has targeted the crypto exchange with aggressive regulatory actions, leading to layoffs. Description The storm clouds hanging over Binance.US, the renowned American subsidiary of the global crypto behemoth, have darkened. The company has recently culled about a third of its workforce, equating to a staggering 100 jobs. Adding to this grim tally is the surprising exit of its President and CEO, Brian Shroder. Now, let’s pull back the … Read more The storm clouds hanging over Binance.US, the renowned American subsidiary of the global crypto behemoth, have darkened. The company has recently culled about a third of its workforce, equating to a staggering 100 jobs. Adding to this grim tally is the surprising exit of its President and CEO, Brian Shroder. Now, let’s pull back the curtain on what led to this corporate upheaval and the challenges facing Binance.US. Regulatory Onslaught: A Catalyst for Change Under the scrutinizing…

    Article 2023年9月13日
TOP