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The Republic of the Marshall Islands is planning a national cryptocurrency named 'The Sovereign', to be released later this year. The Marshall Islands currently uses the US Dollar as their national currency, but the parliament just recently voted to introduce this new cryptocurrency (SOV) as legal tender in the country.
As described in the SOV media kit:
This comes at the same time as Venezuela just launched their own currency, the Petro.
More and more countries are now adopting or considering cryptocurrencies as legal tender, which further legitimizes the role of currencies such as Bitcoin and Ethereum in the global economy.
TechCrunch recently reported on the detailed plans for Telegram's multi-billion dollar ICO that's planned for 2018. Now Cryptovest and The Next Web have obtained a leaked copy of the complete whitepaper for the Telegram ICO, with lots of juicy details.
Telegram has high-reaching goals for their new cryptocurrency and Telegram Open Network (TON) blockchain:
Interestingly they have chosen to not only create a single blockchain, but will use "a scalable and flexible blockchain architecture that consists of a master chain and up to 2^92 accompanying blockchains". This allows a number of advantages over single-blockchain approaches, especially regarding scalability.
TON will also offer a variety of different services, including TON Storage, TON Proxy, TON Services (smart contracts), TON DNS, and TON Payments. All of these services will be integrated into the Telegram messenger application to avoid needing to download a separate wallet client.
What do you think of the new Telegram ICO? Will you be buying in when the initial offering goes on sale, to fund the development of this broad-reaching blockchain platform?