Regardless of the "goodness" that WhatsApp, Facebook Messenger and other similar platforms may offer, Telegram is my favorite messaging application (as the memes say: "it had to be said and it was said" 😀😀😀). The main reasons are its speed, security, versatility and the fact that you can send text messages, voice messages, images, videos, documents and stickers to your contacts, as well as create groups of up to 200,000 members and unlimited broadcast channels.
But what makes Telegram different from other apps is its focus on privacy and freedom of expression. This app uses end-to-end encryption to protect your conversations, and allows you to set up secret chats that self-destruct after a while. In addition, Telegram does not store your personal data or share it with third parties, and offers you the option of using an alias or a virtual number to hide your identity.
Another advantage, and one of the most important, is its wide range of functions and customization options, allowing you to edit your messages after sending them, use bots to automate tasks, access your account from multiple devices simultaneously and change the theme and size from the application source. In addition, it has an open platform that allows you to create your own stickers, games and applications within the app.
One piece of news that has caught my attention is that this popular instant messaging application has announced the launch of its own crypto wallet integrated into its platform, allowing users to send and receive Telegram's native cryptocurrency, TON, quickly and securely.
TON is the acronym for Telegram Open Network, a decentralized network based on blockchain that aims to offer an alternative to traditional internet platforms. TON aims to provide services such as payments, data storage, digital identity and encrypted communication.
The Telegram crypto wallet has been launched in beta and is available to some selected users in various countries. According to Telegram, the wallet is easy to use and requires no technical knowledge or prior experience with cryptocurrencies. To access the wallet, users just need to update the Telegram app to the latest version and follow the on-screen instructions. This wallet generates a unique and secure private key that is stored on the user's device and can be retrieved with a passphrase. Users can send and receive TON from the wallet with the touch of a button or scan a QR code, also showing you the balance and transaction history, as well as the current price of TON in different fiat currencies.
The launch of the Telegram crypto wallet has had a positive impact on the price of TON, at the time of writing this article it was at a price of 1.9159 (Source: OKX) and a volume of $36.68M (Source: CoinMarketCap). I also believe that the price of TON could continue to rise as more users access the wallet and demand for the cryptocurrency increases. Also of note is that Telegram plans to integrate more TON-related features and services into its platform, such as a decentralized web browser, a blockchain-based social network, and a token exchange platform.
As I mentioned previously, Telegram is one of the most popular messaging applications in the world, with more than 500 million monthly active users, and with the launch of its own crypto wallet this application could become a benchmark in the cryptocurrency sector and compete with other platforms such as Facebook, WhatsApp, etc.
However, although the Telegram wallet is a convenient option for sending and receiving TON cryptocurrency, you should also keep in mind that there may be security risks that you should be aware of. Some recommendations for using it safely are:
📌 Verify that you have downloaded the official version of Telegram from the Google Play store or the official website.
📌 Protect your private key and wallet passphrase, which are the only means to access funds, do not share them with anyone, and store them in safe places.
📌 Activate two-factor authentication (2FA) or two-step verification on the Telegram account, to prevent unauthorized access to the wallet.
📌 Double check the addresses of cryptocurrency wallets being sent or received, as they can be modified by malicious applications impersonating Telegram. These applications can use optical character recognition (OCR) to extract addresses from screenshots and replace them with those of the attackers.
📌 Keep your device updated with the latest versions of the operating system and applications, and of course use a reliable antivirus.
If it's not too much of an indiscretion, what is your favorite messaging application?
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