As a researcher with a background in blockchain technology and experience in following the developments in the industry, I am excited about The Open Network (TON) exploring the launch of a layer-2 scaling solution. This new engine, being developed by the TON Applications Chain (TAC), will be powered by zero-knowledge (zk) technology and designed using Polygon’s Chain Development Kit (CDK).
As an analyst, I can tell you that The Open Network (TON) is pursuing the development of a layer-2 scaling solution to enhance its expanding ecosystem. Notably, on the X social media platform, the confirmation was made public that the TON Applications Chain (TAC) will be responsible for creating this L2 solution, employing zero-knowledge (zk) technology as its engine.
TON and layer 2: Perks
TON in itself is regarded as one of the most technologically advanced networks in the industry. The protocol plans to replicate this in the proposed layer-2 engine. TON has made arrangements to leverage the Polygon Chain Development Kit (CDK) to design the L2 solution.
The layer-2 protocol under consideration will link up with the AggLayer, facilitating effortless interaction and a single pool of liquidity across the larger TON blockchain network.
As a crypto investor in TON, I’m excited about the advantages this new solution brings to the table that extend beyond just scalability. For decentralized applications (dApps) built on Telegram, it means the addition of new features. One such feature is EVM compatibility for these dApps. With EVM, my TON applications can seamlessly connect with other ecosystems, like Ethereum, making integration a breeze.
With its significant market liquidity in Decentralized Finance (DeFi), connecting TON and Ethereum offers users the optimal experience by providing the best features of both networks without requiring unwanted compromises. Furthermore, integrating Ethereum’s EVM compatibility will expand TON’s reach to an even larger audience within the industry.
New way to level up with TON
In the industry, TON has gained significant attention, particularly due to its successful Play-2-Earn games such as Notcoin (NOT) and Hamster Kombat which boast over 200 million monthly active users. To build upon this success, TON intends to develop a scalable blockchain network that can effectively support the growth of these popular games.
As an analyst, I’ve observed some encouraging signs in the Toncoin (TON) ecosystem. Currently priced at $7.33, the coin has experienced a modest 0.84% growth over the past day. With upcoming developments on the horizon, there’s potential for TON to surpass its previous highs and reach even greater heights.
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2024-07-10 16:33