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- EthSign will leverage the prowess of The Open Network for contract signing within the Telegram application itself.
- The EthSign bot offers a user-friendly and intuitive interface for hassle-free contract signing on Telegram.
Off lately, The Open Network (TON) has been on a roll making key partnerships in the crypto space. Also, its native cryptocurrency TON has managed to occupy a spot among the top ten cryptocurrencies by market cap.
In the latest development, EthSign has announced its collaboration with the TON Foundation in order to bring multi-chain, secure, and decentralized digital contract signing within the rapidly emerging TON-based Web3 ecosystem in Telegram. Thus, by leveraging the prowess of the TON blockchain, EthSign will support contract signing within the Telegram application itself.
📢 @ethsign joins The Open Network!
EthSign collaborates with TON Foundation to bring secure, multi-chain, and decentralized digital contract signing into the thriving #TON-based #Web3 ecosystem in @telegram. https://t.co/JU7l5cAWvv
— TON 💎 (@ton_blockchain) September 21, 2023
As per the announcement, they have launched the EthSign bot which will work in tandem with the EthSign application. This bot would help users in achieving two major things.
The first is that it would notify users about any new contracts received to sign. The second involves that users will be able to sign the contracts within the Telegram app itself. EthSign stated that they have made this process absolutely user-friendly and intuitive. Signing new contracts on Telegram through EthSign bot could take less than a minute.
Here’s How EthSign and TON Work
Upon logging into EthSign, users have the option to include their Telegram details within the settings section. After this setup, EthSign gains the capability to keep users informed about contracts requiring their signature, which are linked to their wallet address.
Inside Telegram, the EthSign bot will provide clear instructions regarding the next steps. Users may be prompted to either use their TON wallet to sign the document or view the contract if their role is that of a viewer.
The development comes just within two weeks of The Open Network announcing wallet integration with Telegram.
The TON Price Surge and Coinbase Partnership
The Open Network’s native cryptocurrency TON registered a strong price rally this month in September. The TOP price shot past $2.5 earlier this week while occupying a spot among the top ten cryptocurrencies by market valuations.
Major euphoria among the TON investors followed after the network’s announcement of integration with Telegram. Soon after the integration, the total number of active addresses on The Open Network surged by a staggering 7x.
Additionally, The Open Network team has also been actively working to push further the Web3 adoption. The TON Foundation provides a blockchain system designed for enterprise-grade Web3 applications, boasting rapid transaction speeds, robust connectivity, minimal latency, and cost-effective fee structures.
The Open Network (TON) Foundation has joined forces with Chainbase and Tencent Cloud to streamline blockchain development, marking a significant step as the Foundation paves the way for the next era of Web3 mass adoption across the Asia-Pacific region.
Tencent Cloud, a prominent global cloud provider, is renowned for providing dependable computing resources and enhancing network connectivity through its extensive cloud infrastructure. Having already provided substantial support to TON validators, Tencent Cloud aims to extend its services to accommodate TON’s demanding computational and network bandwidth requirements.
