Telegram’s TON blockchain launches decentralized storage task

TON Foundation, the unit behind the blockchain TON and founded by the founders of Telegram Messenger, is commencing a information storage task known as TON Storage.

The task aims to enable consumers to exchange files of any dimension, backed up and encrypted with no the want for a centralized server. To do this, TON Storage has incentivized consumers themselves to “become a node operator,” which ensures to shell out consumers an volume in Toncoins for storing files for a selected time period of time.

The task developers mentioned in a statement:

“Anyone can turn out to be a node operator on the TON network and get payments from other consumers for file storage, even if they are only operating a single node. This will guarantee that the information can be archived “almost permanently”.

The move comes immediately after a dismal couple of weeks for related decentralized information storage tasks like Filecoin (FIL), Storj (STORJ), and Internet Computer Protocol (ICP). The liquidation price of extended positions in these tokens has reached a record higher.

Telegram started off exploring blockchain engineering in 2018 and is expanding Telegram open network (TON), the identify at that time. The platform raised $one.seven billion in a personal token sale of Toncoin the very same 12 months. But Telegram dropped the task immediately after staying tapped by the SEC mainly because “illegal” token revenue organization. in 2019. By 2022, the developers returned to the game and transformed the identify to The Open Network.

In October 2022, Telegram launches auction marketplace for usernames primarily based on the TON blockchain. With the launch of TON Storage, TON Foundation founder Anatoly Makosov mentioned it will be the upcoming stage in the journey to “realize TON’s vision of an open and decentralized internet.”

Toncoin price tag is now trading all around the USD two.one mark.

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