Massive Blockchain Solution for Building Scalable Decentralized Governance

[Alex077 16107]

                      

 

  Rachel: We are holding Free TON AMA, and Alexander Filatov and Mitya Goroshevsky are with us. Alexander is the CEO and co-founder of TON Labs. Mitya is the CTO and co-founder of TON Labs. Decentralization is obviously an important topic, so before we start with broader questions,

 

I just want to ask, what is Free TON and how does it improve an open and decentralized Internet? Alexander Filatov: The origins of Free TON lead to the Telegram messenger. Their team developed what they called the "open Telegram network", later renamed the "open network". The goals we are trying to achieve are, in essence, scalability. Because they wanted this blockchain to be integrated with the Telegram messenger and user base, which is currently around 600 million users. Obviously, with such a user base, you need a truly scalable platform. Basically, they invented dynamic sharding, which we call “multithreading”.

 

Our company TON Labs, in which Mitya and I are co-founders, in parallel with Telegram developed the so-called TON OS operating systems located on top of the blockchain in order to greatly simplify the accelerated development of the blockchain for developers so that they can quickly transfer their use cases to the network, and also for end users to bring the user interface and user experience up to the modern realities of classic IT. Whether developing TON OS or quite deep into the TON protocol itself, when Telegram unfortunately lost out to US regulators as they thought it was an unregistered security offering, when they sold their tokens three years ago, we were in a good position to team up with 16 other top validators from Proof of Stake Space. The guys who are currently validators for Tezos, Salana, Ethereum 2.0, Polkadot, etc.

 

Basically we merged and last year we launched Free TON - one of the largest social experiments in the world in terms of truly decentralized governance. We launched it in a very decentralized manner. And more importantly, no one controls or owns this project. There is no institution, no legal entities, nothing. This is a completely community driven project. We have expanded the governance from the original seventeen validators that launched the network to over 450 validators on the mainnet and over 30 so-called sub-controls. It is essentially like a DAO, a geographic DAO, or a functional DAO that helps to distribute power throughout the DAO to communities around the world. This is a completely community driven project. The second thing I would like to mention is that we did not conduct any ICO or other token sales in any form, not a single TON Crystal Token was sold by the network. All five billion issued tokens are in multisig wallets that are not controlled by one party. And they are distributed to validators, developers, and partners who attract use cases, users, and network adoption.

 

There are no sales, which is important because once you avoid regulatory risks in this way without making any offer that at some point might be recognized as a security offer for some other networks, and more importantly, you attract a slightly different audience, as a rule, when you start with the sale of tokens, investment people come to you and some kind of investment speculative content on the network. Of course, later on you have an implementation. First, we had developers, we had activists who wanted to launch Free TON in different countries, now we have active DAOs in China, Mexico, France, Africa, South Korea, India, Japan, etc. network enthusiasts came. And then you add implementation.

Edited May 9, 2021 by Alex077