Toncoin (TON) Boosts Ecosystem with New TAC Layer-2 Network Leveraging Polygon Technology

  • The TON Blockchain is set to evolve with the introduction of TON Applications Chains (TAC), a new layer-2 network.
  • This initiative aims to harness Polygon’s technology, making it compatible with Ethereum Virtual Machine (EVM).
  • Blockchain expert Collin Brown highlighted the project’s significance in fostering DeFi and gaming within the TON ecosystem.

TON Blockchain announces a game-changing layer-2 network, TAC, leveraging Polygon for EVM compatibility, promising to revolutionize DeFi and gaming on the platform.

TON Blockchain Introduces TON Applications Chains (TAC)

The TON Blockchain is making significant strides in its development with the introduction of TON Applications Chains (TAC), a layer-2 network that promises to revolutionize its ecosystem. This new project, which incorporates technology from Polygon, was announced at EthCC and is designed to enhance compatibility with the Ethereum Virtual Machine (EVM).

Seamless Application Migration and Innovation

By embracing EVM compatibility, TAC will enable developers operating within the Ethereum ecosystem to effortlessly migrate their applications to the TON Blockchain. This integration is expected to foster significant advancements in decentralized finance (DeFi) and gaming innovation. According to blockchain researcher Collin Brown, TAC’s implementation will provide the necessary tools for ETH developers to create sophisticated programs for Telegram users, promoting interoperability and scalability in the process.

The Role of Chain Development Kit (CDK) and Polygon’s AggyLayer

One of the standout features of TAC is its use of the Chain Development Kit (CDK), which will be built on Polygon’s AggyLayer. This development framework is pivotal in addressing the issue of blockchain fragmentation by allowing developers to create their layer-2 blockchains seamlessly. By connecting to the AggLayer, TAC will enable seamless interoperability and unified liquidity within the TON Blockchain ecosystem.

Impact on Toncoin (TON) Price and Market Sentiment

As of the latest market analysis, Toncoin (TON) was trading at $7.36, experiencing slight fluctuations in its price. Despite a recent 7.08% decline over the past week, the coin has shown a daily gain of 0.39%, suggesting a potential bullish trend if the momentum continues. The consolidation phase, indicated by the relative strength index (RSI) at 49, points to a neutral market where buying and selling pressures are balanced. Should TON prices rise above the EMA, it could signal a bullish run towards the next resistance level at $7.64.

Conclusion

In summary, the launch of TON Applications Chains (TAC) stands as a significant milestone for the TON Blockchain, facilitating EVM compatibility and opening new avenues for DeFi and gaming applications. Leveraging Polygon’s technology through the Chain Development Kit, TAC promises enhanced interoperability and a more robust ecosystem for developers. For investors and developers alike, these developments mark an exciting era of growth and innovation for Toncoin (TON) and the broader blockchain landscape.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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