Privacy-focused encrypted instant messaging service telegram has created a brand new programing language for its telegram Open Network (TON), as per a post on the project’s telegram channel printed on May 23.

The post introduces a brand new language known as Fift that's specifically designed for developing and managing TON blockchain smart contracts, and interacting with the TON Virtual Machine (TVM).

TVM, in its turn, executes smart contract code within the TON blockchain, supporting all operations needed to analyse incoming messages and protracted data, and to make new messages and modify persistent data. The document provides a quick summary of Fift, as well as the language’s basics and TON-specific operations, among different problems.

The release follows a recent report, stating that telegram plans to launch TON within the third quarter of 2019. The TON network can purportedly host decentralized applications, almost like the Ethereum network.

The ultimate release of TON has been extremely anticipated within the crypto and blockchain communities, as telegram — that boasts over two hundred million users — raised $1.7 billion in 2 initial coin offerings last year.

Telegram reportedly launched a personal beta testing of the TON blockchain to a restricted range of world developers in Apr. whereas testing didn't give any specific outcomes, 2 anonymous testers unconcealed that the TON Blockchainincontestable an “extremely high transaction speed.”

Also in Apr, TON partnered with German monetary services provider Wirecard to develop new digital financial products.

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