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Telegram Plans to Join Cryptocurrency Mania With Ambitious $1.2 Billion Coin

It’s the latest company to join the cryptocurrency craze.

Popular private chat app, Telegram, is the latest company to reportedly plan on joining the cryptocurrency hype by offering digital tokens for sale in an initial coin offering (ICO). This also means that the app could offer blockchain-powered payment services.

Multiple sources revealed to TechCrunch that Telegram is planning to raise a huge amount of cash by launching a new “third-generation” blockchain, called “Telegram Open Network” (TON), described to have superior capabilities. Also, this new cryptocurrency will reportedly be called “Gram.”

Telegram is a private messaging app that lets users send messages while avoiding surveillance.

The company reportedly plans to sell its own cryptocurrency.

Sources revealed that this cryptocurrency will reportedly serve as the app's payment companion.

Telegram’s rumored ICO is said to have the potential to become one of the largest, with private pre-sales amounting to hundreds of millions. It is believed that there is high demand for the ICO since Telegram is already a popular messaging app around the world.

With Telegram supporting cryptocurrency payments inside its messaging service, users could avoid remittance fees when sending funds internationally, deliver micropayments that would incur too high of credit card fees, and move a large amount of money privately.

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The company’s pre-ICO sale is said to be at $500 million, with a token value between $3 billion to $5 billion. That said, Telegram’s cryptocurrency could be the biggest private crypto raise so far. TechCrunch has contacted Telegram CEO and Co-founder, Pavel Durov, for comment on the story but Durov has yet to address these rumors.

It was also reported that Durov plans to have a “centralized and decentralized infrastructure.”

Sources say Durov has decided to combine both a centralized and decentralized infrastructure, since a totally decentralized network doesn’t scale as fast as one which has some elements of centralization, hence why Telegram needs to own its own blockchain.

Telegram's mission is to develop its app into something like WeChat.

With all the plans for TON, Telegram aims to offer services similar to that of WeChat, an app that has evolved into more than just a chat app – it has become a default payment system for many users in China. The difference is that TON is intended to have a decentralized platform that can offer a more resilient and secure service while WeChat’s system is centralized.


Bitcoin Will Certainly Become ‘The World’s Single Currency In 10 Years,’ Twitter CEO Says

In 10 years or less, Bitcoin could be the only currency used for global payments, Jack Dorsey believes.

With all the rage about cryptocurrency, particularly Bitcoin, it is no wonder that more and more people believe in its potential. And for Twitter CEO Jack Dorsey, Bitcoin could soon become the only currency the world will ever use.

During his interview with The Times on Wednesday, Dorsey said he believes the cryptocurrency will become the primary currency used globally for payments. He envisions this to happen in 10 years but he believes the transition could happen sooner than that.

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The 7 Best Dash Cams to Buy for Your Car in 2018

Are you in the market for dash cams? This list should help you out!

Unlike in the past, it now makes total sense to install a dash cam in your car. With all the acts of stupidity – some are even unbelievable, so to speak – on the road, keeping a visual record is only practical and necessary. As the name suggests, this device serves as video evidence of traffic accidents and can really help you big time especially in court.

With the ever-increasing popularity of dash cams, keeping track of what is best seems difficult. But worry no more – Elite Readers has compiled a list of best dash cameras in 2018. Not only will you learn the best ones, you will also know which are affordable and of good value.

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Futuristic Tire Concepts Designed to Revolutionize the Future of Mobility

These visionary tire concepts are designed to make mobility safer and more efficient.

Whether you are into cars or not, you know so well the importance of tires. Not only do they help you keep safe on the road, they guarantee you a smooth transportation. With technology’s never-ending advancement, it is no surprise that tires are now more capable than ever.

A video featuring different kinds of concept tires is making rounds on the internet. And judging by their looks, they could really change the future of mobility. With how cool and innovative they are, there is no reason for motorists to never desire them.

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