The Impression of Telegram CEO’s Arrest on TON Blockchain

TON OF TROUBLE. With Telegram CEO Pavel Durov set to seem in a French courtroom on Wednesday, blockchain analysts are weighing the potential influence on the carefully affiliated TON blockchain, formally referred to as The Open Community. Alex Thorn, Galaxy Digital’s head of analysis, reminded traders in a report that the worth of the TON blockchain and its native token, toncoin (TON), are “considerably dependent” on the challenge’s integration with Telegram. The TON value tumbled after the information that Durov was arrested on Saturday – detained as a part of an investigation into crimes allegedly deliberate or broadcasted on Telegram. The TON blockchain has greater than 350 validators globally, however it’s unclear what number of of those Telegram operates, if any, in accordance with the Galaxy report. (A supply informed The Protocol that Telegram would not function any of them, though our makes an attempt to succeed in the supporting TON Basis for remark have been unsuccessful.) It is not clear “how resilient TON could be within the case that France or every other main governments try and assault it or to take it down as a part of Durov’s arrest,” Thorn wrote. The TON Society, describing itself as a neighborhood group affiliated with TON, circulated an open letter condemning Durov’s arrest and calling upon France to launch him. In a really crypto-style interlude to the saga, the TON blockchain suffered a near-six-hour outage on Wednesday, brought on by a surge in community site visitors – and presumably linked to the current airdrop of a TON-based memecoin referred to as DOGS. In a put up on X, the TON blockchain workforce defined that “A number of validators are unable to wash the database of outdated transactions, which has led to dropping the consensus,” assuring that “no cryptocurrency property might be misplaced as a result of problem.”