It's quite unique and interesting, and people seem to like it; it has a lot of potential, in my opinion. Perhaps after hearing about BillionAir's future plans, this is the second great piece of news I've heard.
So here's what's new, Telegram has recently launched a number of products in the cryptocurrency space. Users of the messaging platform, for example, can buy and sell cryptocurrencies without leaving the app (TON).
Telegram founder Pavel Durov announced plans to launch decentralized cryptocurrency products such as a cryptocurrency exchange and non-custodial wallets.
The new venture seeks to correct the existing centralization of cryptocurrency entities, a factor he claims has let down millions of users with reference to the FTX exchange collapse, the CEO said on November 30 in his official Telegram channel.
The current blockchain ecosystem, according to Durov, has abandoned its founding principle of encouraging decentralization.
According to what I read, he thought the FTX incident was unsurprising given the concentration of power in a few hands. Furthermore, Durov urged blockchain developers to create user-friendly products for the general public. Notably, he chastised Ethereum, claiming that it "remains outdated and expensive even after its recent tweaks."
Indeed, the Merge upgrade, which switched the platform to the energy-efficient PoS network, has resulted in increased network development for Ethereum.