As the SEC lawsuit against Telegram Open Network (TON) forced information technology to postpone mainnet launch, working blockchain explorers are already available for the testnet. Blockchair announced the creation of a convenient culling to Telegram'south own explorer.

A stalled launch has not stopped blockchain explorers

In 2022, TON raised more than than $1.7 billion in a private initial coin offering (ICO). On a technological level, information technology aims to supersede Bitcoin and Ethereum by featuring a transaction throughput that is reportedly competitive with Visa and MasterCard. As per its white paper, it will be a Proof-of-Stake network employing sharding technology to attain high performance. Decentralized applications (DApps) are to exist supported likewise.

The Telegram team had previously released a barebones blockchain explorer for its testnet. The blockchain software visitor Blockchair recently released a more polished version, similar to explorers for existing networks.

The company also released APIs for developers to interface with the blockchain, though the documentation notes that the testnet is "highly unstable." Blockchair reports the current testnet as 2 months old, with the mainnet being originally scheduled for October. 31.

Telegram'south legal troubles

The Securities and Exchange Committee filed an emergency action to stop TON'southward planned launch. The regulator argues that Telegram'due south ICO was an unregistered sale of securities.

Recently, the court forced Telegram to provide the SEC with bank records on the company's usage of its ICO funds. This follows the discovery of important evidence that could bolster the SEC'south argument that the ICO was a security offer.

The delayed launch has also caused other problems, with Liquid exchange recently returning funds to investors who joined a secondary ICO unsanctioned by Telegram. The project's rollout volition stay on concord until the lawsuit is resolved.