Leading PoS Validators Will Launch Telegram Open Network If Durov Doesn't

Key PoS validators will launch the Telegram Open Network (TON) if the Telegram team fails to implementconceived because of a conflict withSec. These include Ton Labs and P2P.org, informed sources told ForkLog.

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The launch is scheduled for May, but will take placein stages, said the interlocutor of ForkLog. Validators who already work on Cosmos, Tezos and Polkadot networks have signed a declaration. There are no American companies among them.

ForkLog will publish the list of signatories in the near future.

Earlier today, the media reported that Telegramfinally decided to launch TON, but without the participation of American investors. But immediately after that, opposite rumors appeared. The sources in both cases were anonymous project investors.

The ForkLog interlocutor emphasized that Telegram's plans are still unclear, but the TON infrastructure can already be called one of the most developed in the blockchain industry.

Recall, a U.S. court banned Telegram from issuing Gram tokens, which the SEC considers unregistered securities.