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Crypto for the masses.

The article reports on the development of a single platform, The Open Network (TON), by nonprofit cloud-based instant messaging service Telegram. Pavel Durov and Nikolai Durov, the founders of Telegram, are flogging to investors ahead of their initial coin offering (ICO) which offers a way to moneti...

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Published in:Economist Vol. 426; no. 9077; p. 58
Format: Article
Published: Economist Newspaper Limited 2/3/2018
Subjects:
Telegram (Web resource)
Instant messaging
Application software
Cryptocurrencies
Blockchains
Online Access:View this record in EBSCOhost
Summary:The article reports on the development of a single platform, The Open Network (TON), by nonprofit cloud-based instant messaging service Telegram. Pavel Durov and Nikolai Durov, the founders of Telegram, are flogging to investors ahead of their initial coin offering (ICO) which offers a way to monetise the firm. The plan of the firm to build a new blockchain, a type of decentralised ledger, with a new architecture is also explored.