Telegram testing an Ethereum-compatible blockchain

Telegram is publicly testing its much-anticipated blockchain project 'TON.' The company's blockchain will be compatible with Ethereum, allowing developers to port their Ethereum smart contracts, revealed a tech startup working on the project alongside Telegram.

Ethereum DApps will be available on Telegram's new blockchain project.

Notorious for its lack of transparency, Telegram has been quiet for several weeks while it was setting up the network for public testing.

Last week, sources close to Telegram revealed that its blockchain will be compatible with Ethereum.

The news came from TON Labs, a tech startup tasked with building several tools for the development of the Telegram network.

The programming language, which is mainly used on Ethereum, will allow users to port Ethereum smart contracts to the Telegram network.

According to a report from Russian business paper Vedomosti, public testing of the Telegram Open Network will begin soon.

Two sources close to Telegram revealed the news-Vedomosti said that one of the sources was a TON investor, while the other was the head of one of the companies that participated in TON's closed testing phase.

With less than two months left until Telegram's deadline to launch TON, the company will be under a lot of pressure to push through the public testing.

If it fails to launch a working blockchain on Oct. 31 Telegram claims it will return all of the money it raised from investors.