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  • Pavel Durov will create decentralized cryptocurrency exchanges


    Pavel Durov promised to create a set of decentralized tools for people to safely trade and store cryptocurrencies. To achieve the goal, he uses his experience with the Fragment platform.

    “The blockchain industry was built on the promise of decentralization, but ended up being concentrated in the hands of a few people who began to abuse their power,” said Telegram founder Pavel Durov.

    At the end of October, Telegram launched Fragment, a platform for selling Telegram nicknames for Toncoin (TON) tokens. Durov called Fragment a fully decentralized auction platform based on the Open Network or TON. In less than a month, $50 million worth of nicknames were sold there.

    Pavel Durov stated that Telegram is building a suite of decentralized tools, including non-custodial wallets and decentralized exchanges, for millions of people “to trade and store cryptocurrencies securely.” He assured that with technologies such as TON “reaching their potential, the blockchain industry can fulfill its main mission to return power to the people.”

    Author DeepWeb
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