The Open Network (TON) is pleased to introduce Andrew Rogozov, the former CEO of VK, as an exclusive addition to its staff. Rogozov will become a Founding Member of the TON Foundation, spearheading the drive for a community-led successor to the Telegram Open Network.
Besides, the Telegram Open Network was a proposed high-performance Proof-of-Stake blockchain that aimed to solve some of the most pressing issues in the blockchain ecosystem at the time, such as scalability and user experience, the team says. It was originally designed and developed by Telegram, and led by its CEO and Founder Pavel Durov.
However, Telegram was compelled to return the funds acquired in its fundraise and was forbidden from releasing additional tokens after legal wranglings with a US-based regulator. Conversely, TON supporters, including winners of TON blockchain competitions, believed that the system was just too well-designed to be abandoned.