Cryptocurrency news

The developer community launched the FreeTON blockchain without the participation of Telegram

The developer community launched the FreeTON blockchain without the participation of Telegram

An independent group of developers, validators and users of the Free TON Community launched the Free TON blockchain based on telegram developments, but without the company’s participation.

Free TON Blockchain is based on a Protocol developed by Telegram, which recently migrated
the launch of the TON blockchain for April next year due to problems with regulators. Free TON Community launched the blockchain independently of Telegram and positions it as a “provably decentralized blockchain”.

According to the Free TON Community website, more than 150 companies and individuals have signed the Declaration on decentralization (DOD). However, US residents are not allowed to sign a DOD. According to the Declaration:

“TON is a Protocol proposed and developed by Nikolai Durov. We, the developers of Free TON, are grateful for Nikolai’s contribution to the TON Protocol and wish him to continue developing it as part of a broader community effort. Because we believe in freedom of speech, information exchange, and free software, we decided to return power to the community and announce the launch of the Free TON blockchain and the Free TON Crystal (TON) token.”

The Declaration States that the Protocol represents an opportunity to create a scalable network that is used by hundreds of millions of people. It focuses on smart contracts with easy-to-use tools for developers and users, and “can promote free trade, equal opportunities, resistance to censorship, and collaboration during an unprecedented threat of a pandemic and economic crisis.”

The Free TON community States that the blockchain will be launched in stages, which will ensure the smooth development of the Protocol and the participation of the original developers. The signatories of the Declaration agree to work to ensure maximum decentralization of management, software development, validation, and user interface. The community specifies the following mandatory conditions for decentralization:

The vast majority of TON tokens are distributed among users in the simplest way so that they can participate in staking. This will prevent any one party from influencing the network’s activities.

Several independent validators participate in the network’s consensus. At least 13 independent stakers continuously check masterchain and workchain blocks. Thus, no validator or other party that is technically able to participate in the staking has more than 1/3 of all available TON.

Several development teams are working in parallel on the Protocol’s design, including its specifications, core software, compilers, languages, and interfaces.

Distribution of TON tokens

According to the Declaration, the community identifies three groups that are necessary to achieve the decentralization of Free TON: users, validators, and developers.

All the TON in the Genesis block will be distributed under different “giver contracts”, the only purpose of which is to automatically distribute tokens. These contracts will not participate in staking or voting. Each action of these contracts will be regulated by token holders by voting through the Soft Majority Voting (SMV) mechanism.

At the same time, 85% of all tokens will receive Referral Giver contracts, which will distribute them to the first users and partners. The Validator Giver contract will be responsible for distributing tokens between validators, which will receive 5% of all tokens. 5% of tokens will also be allocated to Finance the development, which will be distributed through the Developer Giver contract. At the same time, TON Labs will receive 5% of the tokens.

The start-up phases

According to the Declaration, the roadmap provides for three launch stages that will ensure smooth deployment of the network, development of the necessary software, increased security and distribution of rewards.

The first stage of “Raging Bull” is a test network with a decentralisation bomb (DTB). At this stage, developers make changes to the network configuration parameters, and SMV contracts work in manual mode. During the first stage, the code includes a decentralisation bomb (DTB), which is a timer that counts down to a certain point when developers lose the ability to make configuration changes.

The second stage of “Rumble Fish” will be launched after DTB activation. At this stage, control over the network configuration parameters passes to the validators.

The third stage of “Fight Club”. The network has a sufficient number of validators and decentralized pools, and the blockchain has reached decentralization. At this stage, voting is automated via SVM, and “gift contracts” constantly distribute coins to new users.

Recall that in March, representatives of the TON Community Foundation said that the American court can prohibit Telegram from launching its blockchain, but it can not prevent other people from doing so.