Pavel Durov

We have a thriving mini app platform, millions of mini app developers launching their own bots and applications.

Yes.

We enable them to receive payments from the users through

in-app purchase mechanism provided by Apple and Google, which I think was the first attempt of this kind to allow that both on iOS and Android and on a big platform so that third-party developers of mini apps, which are basically websites so deeply integrated into Telegram that you can't tell whether they're a standalone or they're a part of their overall experience.

And by providing this payment option, we're able to extract a commission from these transactions.

But it's a very low commission, presently it's 5%.

So we're not greedy here.

We want people to succeed in building these tools for our users.

We understand that many apps bring us users

The more users we have, the more successful and relevant Telegram becomes.

We need third-party developers.

I think at this point, Telegram gives developers by far the most powerful tools to create.

TON is a blockchain technology that we initially developed in 2018 and 2019.

And we started to develop it because we needed a blockchain platform to be integrated deeply into Telegram.

Because we believe in blockchain.

We think it's one of the technologies that enable freedom.

But at the time, if you look at Bitcoin, if you look at Ethereum, they were not scalable enough to cope with the load that our hundreds of millions of users would create.

They would just become congested.

And I asked my brother, can we create a blockchain platform that would be inherently scalable so that no matter how many users

or transactions there are, it would split into smaller pieces, which we call short chains, and would still process all transactions.