TON, a blockchain project on Telegram is launching TON Applications Chain (TAC), a new layer-2 network that would use Polygon technology to solve the problems such as transaction speed and high maintenance fees.
The Open Network (TON), a blockchain project associated with the popular messaging app Telegram, is receiving a major upgrade. TON is developing a new layer-2 network known as the TON Applications Chain (TAC), which will use technology from Polygon, a well-known blockchain scaling solution. This partnership aims to solve issues such as slow transaction speed and high maintenance fees on the TON blockchain.
What is TON and Why does it Need Improvement?
Many people know Telegram as a secure messaging app with a large user base and innovative features. However, Telegram has an ambitious project called The Open Network (TON), a blockchain platform that was launched in 2018.
Blockchains are essentially digital records used to securely and transparently record transactions. They form the basis for cryptocurrencies such as Bitcoin and Ethereum but Blockchains often face difficulties when dealing with a large user base. These challenges include:
Slow Transaction Speed: Blockchains can only handle limited number of transactions in one second. With a growing user base, transactions on TON might become slow and frustrating.
High Fees: The processing cost might also rise. This might make regular TON blockchain use impractical.
What is a Layer-2 Network and How Does it Help?
A layer-2 blockchain network is an off-chain network, system or technology built on top of a blockchain that helps to extend the capabilities of the underlying base layer network.
Here’s how a layer-2 network can benefit TON:
Increased Transaction Speed: By processing transactions outside of the main TON blockchain, the TAC layer-2 network can handle a much higher traffic, resulting in significantly shorter wait times.
Lower Transaction Fees: The total cost of suing the TON network decreases as more transactions are processed smoothly.
How is Polygon Involved?
Polygon is an established platform that offers solutions for scaling blockchain networks. TON is using two primary tools from Polygon for its layer-2 solution. They are:
Chain Development Kit (CDK): This is a tools set that allows developers to create their own layer-2 solutions using Polygon’s technology. The CDK includes tools such as knowledge proofs which are encryption methods that allows for faster and cheaper transactions.
Agglayer: Polygon’s connectivity layer serves as a bridge between various blockchain networks. Agglayer will allow TON to connect with the Ethereum ecosystem. This connection enables TON to interact with Ethereum-based DeFi applications, which are essentially blockchain-powered applications.
Potential Benefits of the Collaboration
By integrating the Polygon’s technology, the TON Applications Chain (TAC) aims to bring several benefits to the TON ecosystem:
More Development Applications: TAC development in faster and cheaper transactions could attract developers to create a broader range of DApps on TON. This development could increase the users on the Telegram by adding more features and functions to the app.
DeFi Growth and Other Applications: TAC’s new features could make TON a more responding platform for developing DeFi and other blockchain-based applications, such as gaming and identity solutions. DeFi applications enable users to make deposits and withdrawals without depending on traditional banks.
What’s Next for TON and TAC?
TON Applications Chain (TAC) is a project developed by a group of independent developers and not by the TON team. However, this collaboration of TON and Polygon shows the potential for innovation in the blockchain space.
The integration of Polygon’s technology marks an important step towards the TON network. TAC has already showed its potential by solving scalability issues to realize the full potential of the TON ecosystem, attracting both developers and users.
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