The internet is too big for responsibility to fall into the hands of a few. The idea of ​​decentralized platforms has been discussed for a while, but no major company or organization has yet managed to popularize it. But something seems to be changing. Mastodon is another popular company that’s been looking to try to lead in this space now if it’s been thriving with the controversy on Twitter for the past few weeks. It’s none other than Telegram.

Telegram CEO advocates decentralized web. The CEO of the messaging app, Pavel Durov, announced via his Telegram channel that they are starting to create their own decentralized exchange. A platform where users can save blockchain chains without custodial wallets. This means that Telegram will not be responsible for the management of crypto assets, cryptocurrencies, NFTs, messages, files or whatever associated.

First it was TON, then Fragment, now a complete platform. Telegram is taking bigger strides in its quest for a fully decentralized platform. In 2018, they launched TON, the blockchain ICO they later abandoned. They recently launched Fragment, a marketplace that lets you sell usernames.

Durov explains that they created it in 5 weeks and only 5 people including himself. They are now announcing their intention to create a more complete platform for the exchange of multiple digital assets, not just usernames. “Unlike Ethereum, which is still old and very expensive, it is fast enough to host popular applications,” Durov says.

Telegram word. Durov said, “The solution is clear: Blockchain-based projects should go back to their roots: decentralization. Cryptocurrency users should switch to trusted transactions and cold wallets that are not tied to any third parties.”

Something is changing. The crypto world wants to go back to its roots. Decentralization and applications based on blockchain. One step away from the world of finance, where the only topic of conversation seems to be the value of cryptocurrency. The Telegram project is moving in this direction.

Pointing to the FTX disaster as a result of this trend, Durov says, “The blockchain industry has been concentrated in the hands of a few who have begun to abuse their power.”

Image | ivan radical