Like in every other field, people involved
want to have discussions and normally choose
one social media network over others.
For programming and IT firms, Slack has been
the preferred choice to communicate.
For the cryptocurrency community is Telegram.
But why Telegram?
Telegram is a cloud-based instant messaging
and voice over IP service.
Users can send messages and exchange photos,
videos, stickers, audio and files of any type.
Telegram's client-side code is open-source
software but the source code for recent versions
is not always immediately published, whereas
its server-side code is closed-source and
proprietary.
As of April 2020, Telegram has 400 million
monthly active users with at least 1.5 million
new users signing up every day.
The most important advantage of Telegram to
the crypto community is that the default messages
and media in Telegram are encrypted when stored
on its servers, but can be accessed by the
Telegram service provider, who holds the encryption
keys.
In addition, Telegram provides optional end-to-end
encrypted "secret" chats between two online
users, yet not for groups or channels.
You, as a trader or an investor, want to stay-up-to
date with the latest news about the tokens
you invest in.
By default and as an untold standard, cryptocurrency
projects and their teams are very active in
the groups they create about their startups
on Telegram.
Joining such groups gives you not only the
latest news, but the option to directly talk
to a project’s team or to the project’s
founders.
Lastly, like other giants in the social media
field like Facebook Libra coin, Telegram also
wanted to create its own blockchain and token.
After more than a year in struggle, on 12th
of May, 2020 the company called it quits on
the Telegram Open Network and the linked GRAM
tokens following a lengthy battle with the
United States Securities and Exchange Commission.
