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.
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.Com Co-Founder Just Sold All His Bitcoins
People might want to think twice before investing on bitcoin as Bitcoin.com’s co-founder just sold all of his coins.
Bitcoin remains to be the top digital currency today. Despite the doubts that people have on the coin, it managed to grow its value through the years, and a single unit of it today is already almost unaffordable. Amid the success of the cryptocurrency though, investors were surprised to know that Bitcoin.com’s co-founder sold all of his coins.
Some cryptocurrency experts, as well as long-time investors, have already given stern warning about the future of Bitcoin. Novices in the cryptocurrency mining and trading, though, are still all too excited to put a huge fraction of their savings on Bitcoin when there are hundreds of other potential coins starting to emerge.
People are slowly getting discouraged to continue their investments on Bitcoin.
In fact, Emil Oldenburg, who co-founded and is the chief technology officer of Bitcoin.com, is calling the coin “as good as useless.” He believes that the digital currency is now the “most risky investment you can make,” hence selling all of his coins. Oldenburg previously revealed why he lost his faith on Bitcoin, saying:...
Dubai Police Patrol From the Sky Using Flying Motorbikes
It looks like something straight out of Star Wars!
As if it wasn’t enough that Dubai Police already has Lamborghini patrol cars, self-driving robots, and android officers, now we see that the police force has some new techie toys to play with for their law enforcement duties.
So yes, as you’ve read on the headline, cops in Dubai are now using flying motorbikes. And now netizens everywhere either wants to get one of these sweet rides or move to Dubai and become a cop!
Designed by Hoversurf, the Scorpion 3 hoverbike utilizes 4 propellers to stay airborne.
In a CNN report, we learn that the vehicle is “capable of 40 mph and a travel time of 25 minutes.” The site likewise mentioned that the “single-seat craft, which can carry 600 lbs, can also operate autonomously.”...
10 of the Most Exciting Space Explorations to Look Forward to in 2018
Will this year’s space explorations give us a much better understanding of the universe?
2017 was a blast. And with another year, there is a lot of things people are hoping to see. Such is actually true in the field of space missions, from highly-anticipated launched to deep space explorations. Indeed, this year is a going to be as exciting as ever.
We here at Elite Readers compiled a list of exciting space missions to look forward to this 2018. This year is definitely expected to be more thrilling. Well, without further ado, here they are!
This month will feature the inaugural launch of SpaceX’s long-awaited Falcon Heavy rocket. Although the company has yet to announce an official date, it is expected to launch between late January and early February. ...