Reaching 900 million subscribers was a major milestone for Telegram lately. Telegram Open Network (TONNE), which has experienced astounding 17% growth in the last three days alone, has been directly impacted by this increase in user numbers. Telegram’s large user base and platform’s active drive for cryptocurrency adoption immediately benefit TONNE, a blockchain that is built to work flawlessly with it.
Through Telegram’s native wallet, users may conduct transactions straight through the app thanks to TON’s integration. This functionality makes it possible for transactions to go smoothly on TON’s blockchain network, which is especially appealing because it provides fee-free transfers for USDT and inexpensive network transactions. For customers who want to make regular transfers without having to worry about paying expensive transaction fees, this zero-fee system is a big lure.
But there are serious security issues with a wallet being integrated into a chat service. While the wallet is convenient for daily transactions, others claim that it may not give the degree of security needed to properly store huge sums of assets. Because of their strong security features, classic hardware wallets are still the best choice for customers who are worried about security.
The Telegram ecosystem offers a distinctive value proposition in spite of these reservations. It offers a selection of applications and chatbots that help users engage with their wallets in novel ways. For example, users may participate in decentralised finance (DeFi) operations directly through Telegram by “farming” using TONNE or other currencies. This feature encourages a more integrated usage of cryptocurrencies in daily applications while also improving user engagement.
The user base of Telegram has a direct impact on the expansion of the blockchain, and as the software expands into the cryptocurrency area, TONNE may see even higher acceptance and utility. The long-term success of TONNE in the cutthroat world of cryptocurrencies will depend on elements like as security and regulatory compliance, which must be balanced with this expansion.
