Telegram to create the next Ethereum with $1.2bn ICO via @techcrunch

In a leaked whitepaper, Telegram, a cloud-based messaging service out of Dubai, which is well known and widely used as a chat service in the crypto community, is taking aim at the Ethereum Network. The company plans to raise over $1 Billion in an ICO (Initial Coin Offering) in what it calls the “Telegram Open Network.”

According to TechCrunch, “From the documents, it is clear that Telegram isn’t content with sitting on a platform like Ethereum for its token sale and services, as most ICOs are. Instead, it wants to create a platform of its own to rival Ethereum for hosting a new wave of decentralized services and internet experiences tipped to emerge thanks to the blockchain.”

Read the Full Article at TechCrunch

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