Telegram Launches Its Integrated Ton Wallet And Challenges Traditional Internet Platforms.

EanB...n5vb
15 Sept 2023
223

Originally Posted: Publish0x


Regardless of the "goodness" that WhatsApp, Facebook Messenger and other similar platforms may offer, Telegram is my favorite messaging application (as the memes say: "it had to be said and it was said" 😀😀😀). The main reasons are its speed, security, versatility and the fact that you can send text messages, voice messages, images, videos, documents and stickers to your contacts, as well as create groups of up to 200,000 members and unlimited broadcast channels.


But what makes Telegram different from other apps is its focus on privacy and freedom of expression. This app uses end-to-end encryption to protect your conversations, and allows you to set up secret chats that self-destruct after a while. In addition, Telegram does not store your personal data or share it with third parties, and offers you the option of using an alias or a virtual number to hide your identity.


Another advantage, and one of the most important, is its wide range of functions and customization options, allowing you to edit your messages after sending them, use bots to automate tasks, access your account from multiple devices simultaneously and change the theme and size from the application source. In addition, it has an open platform that allows you to create your own stickers, games and applications within the app.


One piece of news that has caught my attention is that this popular instant messaging application has announced the launch of its own crypto wallet integrated into its platform, allowing users to send and receive Telegram's native cryptocurrency, TON, quickly and securely.


TON is the acronym for Telegram Open Network, a decentralized network based on blockchain that aims to offer an alternative to traditional internet platforms. TON aims to provide services such as payments, data storage, digital identity and encrypted communication.


The Telegram crypto wallet has been launched in beta and is available to some selected users in various countries. According to Telegram, the wallet is easy to use and requires no technical knowledge or prior experience with cryptocurrencies. To access the wallet, users just need to update the Telegram app to the latest version and follow the on-screen instructions. This wallet generates a unique and secure private key that is stored on the user's device and can be retrieved with a passphrase. Users can send and receive TON from the wallet with the touch of a button or scan a QR code, also showing you the balance and transaction history, as well as the current price of TON in different fiat currencies.


The launch of the Telegram crypto wallet has had a positive impact on the price of TON, at the time of writing this article it was at a price of 1.9159 (Source: OKX) and a volume of $36.68M (Source: CoinMarketCap). I also believe that the price of TON could continue to rise as more users access the wallet and demand for the cryptocurrency increases. Also of note is that Telegram plans to integrate more TON-related features and services into its platform, such as a decentralized web browser, a blockchain-based social network, and a token exchange platform.


 


As I mentioned previously, Telegram is one of the most popular messaging applications in the world, with more than 500 million monthly active users, and with the launch of its own crypto wallet this application could become a benchmark in the cryptocurrency sector and compete with other platforms such as Facebook, WhatsApp, etc.


However, although the Telegram wallet is a convenient option for sending and receiving TON cryptocurrency, you should also keep in mind that there may be security risks that you should be aware of. Some recommendations for using it safely are:


📌 Verify that you have downloaded the official version of Telegram from the Google Play store or the official website.


📌 Protect your private key and wallet passphrase, which are the only means to access funds, do not share them with anyone, and store them in safe places.


📌 Activate two-factor authentication (2FA) or two-step verification on the Telegram account, to prevent unauthorized access to the wallet.


📌 Double check the addresses of cryptocurrency wallets being sent or received, as they can be modified by malicious applications impersonating Telegram. These applications can use optical character recognition (OCR) to extract addresses from screenshots and replace them with those of the attackers.


📌 Keep your device updated with the latest versions of the operating system and applications, and of course use a reliable antivirus.


If it's not too much of an indiscretion, what is your favorite messaging application?


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21 Comments

B
andrewsaul
Telegram trading bots: Huge. Telegram wallet, on TON.. eh... Just because you build it doesn't mean they will come. MAYBE if we see some Snaps integrations with Metamask this wallet is going to take off. It's definitely got a lot of headwinds behind it. But the issue will always be the TON blockchain. If people weren't really using it before, why are they going to use it now? Getting more apps built for it will be easier with the wallet but they could be 6-12 months away at a minimum. I think it's more likely we just see more Telegram crypto apps launched.
Telegram's integrated Ton Wallet is a bold move that challenges the status quo of traditional internet platforms. It's exciting to see innovation pushing boundaries in the digital landscape. I'm really bullish about it.
Entrep
This is what Web3 is all about, Telegram took the initiative, a lot of other platforms will be coming to do same
Teko81
Great move by Telegram. I'm confident
I am a little uncertain about the security of their wallet.
good
fred
now
Let's just watch what $TON would do now
How we can earn some Toncoin ?
Investigator515
Grabbed a bunch of ton just after it launched. I didn't think it'd go anywhere but it looks like its doing alright!
Telegram's integrated Ton Wallet launch is a bold step towards redefining the future of internet platforms. With its commitment to privacy and decentralization, Telegram is challenging the status quo, offering users more control over their data and digital assets. It's intriguing to see how this move will impact the broader tech landscape, potentially encouraging others to follow suit in prioritizing user privacy and security.