The use here is obvious, but I'm still not sure if it has been all the way justified that this scheme's construction is uniquely different than what already exists currenlty.
There are other examples if you look deep enough on the internet (with better explanations on how they're supposed to work within the context of something that many would consider to be valuable at this point in time [i.e., blockchain])
The use here is obvious, but I'm still not sure if it has been all the way justified that this scheme's construction is uniquely different than what already exists currenlty.
There are other examples if you look deep enough on the internet (with better explanations on how they're supposed to work within the context of something that many would consider to be valuable at this point in time [i.e., blockchain])
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
What is Telegram?
Telegram’s stand out feature is its encryption scheme that keeps messages and media secure in transit. The scheme is known as MTProto and is based on 256-bit AES encryption, RSA encryption, and Diffie-Hellman key exchange. The result of this complicated and technical-sounding jargon? A messaging service that claims to keep your data safe.Why do we say claims? When dealing with security, you always want to leave room for scrutiny, and a few cryptography experts have criticized the system. Overall, any level of encryption is better than none, but a level of discretion should always be observed with any online connected system, even Telegram.
