Telegram CEO Predicts Blockchain's Breakthrough Year in 2024

Pavel Durov Announces New Features and Initiatives to Boost Blockchain Adoption and Combat Crypto Scams

Pavel Durov, CEO of the popular messaging platform Telegram, is optimistic about the future of blockchain technology. He predicts that 2024 will be the year when blockchain becomes mainstream, with hundreds of millions of people becoming familiar with it. Durov made this bold prediction on his Telegram channel, emphasizing that Telegram aims to be at the forefront of this transformation.

To support this vision, Telegram is launching several new features, including a mini app store and an in-app browser designed for Web3 content. These tools will allow users to explore and interact with decentralized applications directly within Telegram, making blockchain technology more accessible to a wider audience.

Durov also addressed the issue of crypto scams, which have been a growing concern for new users. To combat these scams, Telegram plans to display the registration date and principal country for public accounts, similar to Instagram's approach. Additionally, Telegram will introduce a system where organizations can issue verification labels for channels, creating a decentralized marketplace for third-party verification.

These initiatives are part of Telegram's broader effort to develop decentralized tools, such as non-custodial wallets and decentralized exchanges, to facilitate secure cryptocurrency transactions. Durov believes that advancements like the Open Network (TON) can help the blockchain industry achieve its goal of empowering individuals and reducing reliance on centralized intermediaries.

Telegram's user base has been growing rapidly, recently reaching 950 million monthly active users. With this growth, the platform is on the verge of surpassing one billion users, underscoring its significant role in the digital landscape.