In May it became clear that Pavel Durov would not launch his grand blockbuster project TON due to problems with the SEC.
But literally at the same moment, the flag was picked up by the TON Labs team and FreeTON was launched - something like their own version of the project.
I was wondering - what happened, moreover, there were a lot of rumors around the release (from the rumors that it was a scam to the rumors that Durov himself is secretly behind the release).
We agreed to record an interview with the TON Labs team and had an interesting call with the CEO of the company, Alexander Filatov and the CTO, Mitya Goroshevsky.
The end result is an interview with TON Labs about what FreeTON is and how it differs from the original Telegram’s TON, how the guys met with Pavel Durov, what they think about the situation with the SEC and a little bit of philosophy about the future of block technology.
The full video of our conversation you can find here:
What is FreeTon?
Mitya Goroshevsky: Actually, it was not us who launched the FreeTon, it’s the community, who launched it. We were part of this community - validators, developers who joined the FreeTon launch. FreeTon is a decentralized blockchain platform in general, built on TON technology. We are trying to attract as many participants as possible to the platform and, of course, relieve the software from the restrictions that we know have affected the platform over the last six months. We prove that software cannot be limited, it is free.
Alexander Filatov: I would like to add a few words about the background of the Telegram network project itself. I think that all readers are familiar with the Telegram Open Network project, which was created by the Telegram team, and in particular Nikolai Durov. On March 24th, a federal court in New York put a permanent injunction on Telegram team from developing this project. That means they could no longer develop it and attract investors. Therefore, a group of independent validators joined TON Labs and launched the platform in a decentralized manner. All team work is transparent, we broadcast our internal meetings on Youtube.
Basics about TON Blockchain
Mitya Goroshevsky: On the technical side, FreeTon is the fastest blockchain at the moment with the highest performance and lowest latency. We are talking about speed because speed is the main criterion. For users, speed is the main parameter - how many transactions you can make in a second. There are now several blockchain networks that we compete with on these criteria. I don’t know if the word “compete” is correct, because this is not our goal. But FreeTon is the first blockchain with Dynamic Mapping (automatic data refresh). Essentially, we have created the main blockchain network. We measured performance over the past three months and reached the range from 40 to 60 thousand operations per second and this шы even without optimizing the settings.
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