Free TON achieves mainnet status after reaching ‘sufficient decentralization’

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The Free TON mission, a community-led software program evolution of Telegram’s ultimately ill-fated attempt at launching a blockchain, introduced on Tuesday the launch of the mission’s efficient mainnet.

The community had originally launched in May 2020, constructing on Telegram’s code base however in any other case displaying no affiliation with the communications firm and associated $1.7 billion preliminary coin providing.

Tuesday’s mainnet announcement is generally a formality, because it doesn’t contain new community launches. As a substitute, the builders have chosen the date to mark “adequate decentralization” of the community and an efficient mainnet begin. A livestream ceremony was held to rejoice the event, that includes a “declaration of decentralization” within the blockchain that may be signed by anybody.

The neighborhood boasts greater than 400 validators and 15 “totally shaped geographical subgovernances,” the mission’s equal of a decentralized autonomous group, or DAO. Mitja Goroshevskiy, the chief expertise officer of TON Labs, stated that “adequate decentralization” can be outlined by the variety of tokens distributed. Although this has not been totally achieved, as many tokens stay to be distributed, the method is now mature sufficient to think about the community decentralized.

Free TON didn’t maintain token gross sales, preferring as a substitute to distribute tokens in exchange for small contributions to the community, in an identical method to an airdrop. All through 2020, the mission distributed TON Crystal tokens in additional than 100 contests and collaboration initiatives.

The group additionally open-sourced a brand new node consumer written in Rust, which the group claims has larger efficiency and decrease latency than the older consumer, written in C++. Goroshevskiy stated this consumer was slowed down on objective to work with current nodes, however it isn’t totally prepared for mainnet but.

The Telegram Open Network white paper outlined the mission’s expertise stack, which is anticipated to be extremely scalable and adaptable for a wide range of DApps. Nonetheless, Telegram noticed its best aggressive benefit as the combination with Telegram’s current app, which already boasts tens of millions of customers. Although Free TON clearly won’t have the identical profit, it’s nonetheless pushing for creating a big neighborhood of builders and customers.

Free TON options unique code that distinguishes it from a number of TON forks that sprung up after Telegram officially shut down its blockchain mission in July.