HomeBlockchainTON Blockchain to Launch New Layer-2 Solution Utilizing Polygon's Technology

TON Blockchain to Launch New Layer-2 Solution Utilizing Polygon’s Technology

-


TON Team Announces TON Applications Chain (TAC) Based on Polygon’s Layer-2 Technology

The Open Network (TON) team announced the launch of their new layer-2 network, the TON Applications Chain (TAC), at the Ethereum Community Conference in Brussels. This new protocol will be based on Polygon’s technology, specifically utilizing their Chain Development Kit (CDK) and AggLayer for interoperability.

TAC is designed to bring EVM-based decentralized applications to the TON ecosystem, while also allowing Ethereum developers to create new programs for Telegram users. The team behind TAC believes that this new protocol will enhance liquidity access and accelerate DeFi adoption within the TON ecosystem, opening up opportunities for innovative applications such as gaming and decentralized identity solutions.

This announcement comes at a time when other major blockchain companies are also exploring the development of their own layer-2 networks. Companies like Coinbase, Celo, and Worldcoin have all shared plans to launch layer-2 rollups with various technologies, showcasing the growing trend in the industry.

Pavel Altukhov, the founder of TAC, highlighted the decision to build on the Polygon ecosystem, citing their EVM compatibility, liquidity bridging capabilities, deployment support, and expertise as key factors. The vibrant community surrounding Polygon was also a crucial factor in their decision-making process.

Overall, the launch of TAC represents a significant step forward for the TON ecosystem, as it looks to expand its capabilities and offerings to users and developers alike.

LATEST POSTS

Ant Digital, Alibaba’s Fintech Arm, Increases Funding for Blockchain Expansion

Ant Group's Blockchain Expansion: Capital Injection and Strategic Moves in China Ant Group, the fintech arm of Alibaba, is making significant moves in the blockchain...

Binance Launches ‘Word of the Day’ Game: Earn Binance Points and Prizes

Binance Introduces 'Word of the Day' Game: Win Binance Points and More Binance Introduces 'Word of the Day' Game: Win Binance Points and More Binance, a...

Sony Group makes strategic move into cryptocurrency market with acquisition of Amber Japan

Sony Group Enters Crypto Exchange Market with Acquisition of Amber Japan Sony Group Makes Bold Move into Crypto Exchange Market with Acquisition of Amber Japan In...

Solana Surpasses Ethereum in Important Metric

Top Solana-based DEXes Lead in Daily Trading Volume, Surpassing Ethereum Solana-based decentralized exchanges (DEXes) are making waves in the cryptocurrency market, with five of them...

Most Popular