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The TON Applications Chain (TAC) will transform the TON Blockchain ecosystem with its layer-2 network.
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Utilizing Polygon’s technology, TAC boosts transaction speeds and lowers costs.
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TAC supports seamless migration of Ethereum-based dApps to the TON ecosystem.
The launch of the TON Applications Chain (TAC) promises to usher in significant improvements for the TON Blockchain ecosystem.
As a layer-2 network integrating Polygon’s technology to speed transactions while cutting costs, TAC allows dApp developers more options while users enjoy an enhanced experience on this new blockchain network.
Introducing The TON Applications Chain for Transforming the TON Blockchain Ecosystem With Layer-2 Network Architecture
The TON Applications Chain (TAC) was unveiled for public consumption at the Ethereum Community Conference (EthCC) in Brussels, Belgium, in March 2018. A hallmark feature of this new project is its compatibility with Ethereum Virtual Machine (EVM), which makes migrating applications built for Ethereum to the TON Blockchain ecosystem easier.
Driven by The Open Platform–one of TON’s key investors–this initiative leverages Polygon layer-2 solutions’ scalability and cost efficiency as an advantage over Ethereum–something Ethereum cannot match.
According to statements provided to CoinDesk, TAC intends for EVM-powered decentralized apps (dApps) to integrate seamlessly into Telegram’s extensive user base via its network TON and spur the growth of DeFi apps, gaming solutions, and identity solutions within this ecosystem.
Integration of TAC into the TON Blockchain offers numerous advantages to developers and users alike. By taking advantage of Polygon’s layer-2 scaling solutions, TAC can significantly speed up transaction speeds while decreasing costs – two critical issues within any blockchain ecosystem.
With these enhancements, developers can develop more cost-efficient apps, and users will have smoother, cost-cutting experiences on TAC.
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TAC’s compatibility with EVM allows developers to seamlessly migrate Ethereum-based apps over to TON, creating endless opportunities for growth by tapping into our user base without needing to rebuild from scratch.
Furthermore, the TON Applications Chain further positions TON as one of today’s premier blockchain platforms.
Future Prospects of DeFI, Gaming, and Beyond
The TAC project’s potential benefits for decentralized finance are enormous. By supporting DeFi solutions, TAC could spur innovation in financial products and services offered decentrally with secure platforms that are easily accessible worldwide – something of increasing significance as demand for such solutions rises within the TON ecosystem. TAC could serve as an entryway to the TAC ecosystem for these solutions to flourish.
The TAC layer-2 network will enhance Telegram’s ecosystem beyond DeFi by supporting gaming and decentralized identity solutions, further diversifying it. As these additional applications emerge, they should create a dynamic platform attracting developers from various sectors and improving the user experience for Telegram’s vast user base, positioning TAC for future enterprise blockchain solutions as it becomes an increasingly integral component.
The TON Applications Chain Employs Zero-Knowledge Technology
Polygon’s Chain Development Kit (CDK) is an adaptable toolkit enabling developers to construct layer-2 blockchains using Polygon’s advanced zero-knowledge technology.
This integration improves security and interoperability while making TAC an excellent platform for various applications; Polygon’s AggLayer technology addresses issues related to blockchain fragmentation, further increasing TAC’s capabilities.
Pavel Altukhov, founder of TAC, highlighted the significance of Polygon’s EVM compatibility and role in providing liquidity from EVM chains.
He highlighted Polygon’s comprehensive support services and vibrant community, which have come together under this collaboration. This collaboration brings the strengths of both the user base (TON’s user base) and Polygon expertise together into one highly efficient network infrastructure solution.
Implications for DeFi, Gaming, and Identity Solutions
EVM functionality should significantly expand the applications available to TON network users. Support from TAC for [DeFi solutions], gaming, and decentralized identity systems makes the TON ecosystem even more versatile and attractive to developers and users. As more daily active addresses reached TON than Ethereum in June 2024 alone, its potential growth remains immense.
TAC currently boasts 5.8 million active on-chain wallets monthly, driven by Telegram’s mini-app ecosystem; their layer-2 network, TAC, is expected to drive these numbers further upward.
This surge coincides with an industry trend where significant companies such as Coinbase and Celo have recently unveiled similar solutions; unlike these platforms, however, TAC stands apart by connecting Telegram TON applications directly with Ethereum applications, making TAC one of the only forward-thinking solutions on offer today.
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TAC stands as one of the future enterprise blockchain solutions. It was created by an experienced team of founders, led by Michael Egorov of Curve Finance, to connect hundreds of millions of Telegram users with decentralized financial services.
According to Michael Egorov’s comments about this initiative, it could ignite another wave of DeFi adoption by spreading DeFI awareness through Telegram’s platform.
TAC will continue developing as the team seeks $5 million in external funding to expand. This funding is essential in guaranteeing TAC’s success as it has the power to transform both the TON ecosystem and the larger blockchain landscape by connecting decentralized apps from Ethereum with Telegram’s estimated 800 Million monthly active users, potentially changing future blockchain technology development forever.
Conclusion
The launch of the TON Applications Chain marks a pivotal moment for the TON Blockchain ecosystem. By capitalizing on Polygon’s zero-knowledge technology and EVM compatibility, TAC could serve to link TON with Ethereum by expediting development for DeFi solutions, gaming, and decentralized identity systems – becoming even more transformative as its impact grows throughout its existence and across the blockchain industry.