min to read

2019-09-25 10:37:42




News

TELEGRAM WILL PAY UP TO $ 400 THOUSAND TO THE CREATORS OF SMART CONTRACTS FOR TON

Representatives of the Telegram

min to read

2019-09-25 10:37:42

Representatives of the Telegram messenger announced a competition to create smart contracts for the Telegram Open Network (TON) blockchain platform.

Representatives of the Telegram messenger announced a competition to create smart contracts for the Telegram Open Network (TON) blockchain platform.


 

 

According to the terms of the competition, participants must:

 

- Build one or more smart contracts as described in the attached file;

- Suggest improvements for FunC or TON VM;

- Find issues and suggest fixes for TON.

 

The prize fund ranges from $ 200,000 to $ 400,000, and the competition will end on October 16 at 01:00 Moscow time.

 

 

The launch of the main Telegram Open Network is to take place no later than October 31, otherwise, according to the agreement, the project is obliged to return funds to investors.

 

 

The TON blockchain will be based on the Proof-of-Stake consensus algorithm. The new system promises to be productive and multi-level. Thus, in addition to the main blockchain (Masterchain), the Telegram Open Network involves the support of many so-called shard chains and work chains.

 

 

It should be reminded that earlier TON Labs released a package of tools for developers of the Telegram Open Network. Shortly before this, TON developers introduced node software and block browser for the test network.

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