The post Telegram’s Shift to TON Connect: Impact on Third-Party Wallets and dApps in the TON Ecosystem appeared on BitcoinEthereumNews.com.

Recent developments in the crypto landscape have emerged as Telegram implements stringent measures concerning third-party cryptocurrency wallets. According to Cointelegraph, Telegram now mandates that these wallets utilize TON Connect, thereby restricting decentralized applications (dApps) solely to the TON blockchain. This shift has raised eyebrows among industry experts, who express concerns regarding the potential implications for decentralization and network exclusivity. TON Connect, serving as the critical communication protocol within the TON ecosystem, is integral to this new policy, which aligns with Telegram’s strategic partnership with the TON Foundation. A representative from the TON Foundation emphasized that while wallets designed for Telegram are compliant and continue to support TON Connect, the future for third-party wallets that fail to integrate this protocol is uncertain. As the situation unfolds, stakeholders will be keenly observing the effects on user engagement within the broader crypto market. Source: https://en.coinotag.com/breakingnews/telegrams-shift-to-ton-connect-impact-on-third-party-wallets-and-dapps-in-the-ton-ecosystem/

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Filed under: News - @ February 6, 2025 2:27 pm