Earlier, Telegram was forced down to terminate its blockchain project after the US SEC filed a lawsuit against the company, but Telegram Open Network, the TON testnet, has been running for almost one year. According to the latest update, the TON development group on Telegram announced that it would discontinue its support of the TON test network. Remaining TON validators will be turned off by August 1. The TON official recommended network participants save all their relevant data and stop their testing processes.
Network participants would be able to continue their experimentation.
The testnet is scheduled to shut down in less than a month from now, but network participants will still be able to continue their experimentation after the testnet is terminated. Users would be able to install their own testnet validators, described in greater detail in three different how-to documents containing guidelines for the Full Node, the Validator, and Test Grams. The TON testnet for explorer and node software was launched on September 6, 2019. The encrypted messaging giant Telegram’s TON plans were never fully realized, as the United States SEC suddenly deemed the $1.7 billion ICO illegal in mid-October, just a few weeks before the launch.
Telegram founder blamed the US court for the shut down of TON.
The founder and the CEO of Telegram, Pavel Durov, blamed the US court for shutting down the blockchain project. Telegram founder blasting at the US court said that the people outside the US can vote for their presidents and elect their parliaments, but they still depend on the United States when it comes to technology and finance. The US court had reasoned that if TON is allowed to distribute tokens outside the US, even then, the US citizen would be able to access the tokens issued by the company. That is why it ruled that the company can not issue its token even outside the USA. Telegram also paid a civil penalty of $18.5 million to the SEC.
