- Toncoin (TON), a cryptocurrency supported by Telegram, will establish its own blockchain utilizing Polygon technology.
- The Open Network (TON) team has announced plans to launch a Layer-2 network, based on Polygon’s architecture.
- This new protocol, named TON Application Chain (TAC), aims to enhance liquidity in the TON ecosystem and accelerate DeFi adoption.
Discover how TON is leveraging Polygon’s technology to advance its blockchain capabilities and foster innovation within its ecosystem.
TON Announces Use of Polygon Technology for Its Blockchain Development
The Open Network (TON) team recently unveiled its intention to create a Layer-2 network by leveraging the advanced technology of Polygon. This strategic move is expected to significantly boost liquidity within the TON ecosystem and offer a diversified range of applications beyond traditional DeFi solutions.
TAC Protocol to Enhance Liquidity and Foster Innovation
Named the TON Application Chain (TAC), this new protocol will utilize Polygon’s Chain Development Kit (CDK) and AggLayer, a compatibility layer addressing blockchain fragmentation. By adopting these cutting-edge technologies, developers can create customized Layer-2 blockchains, thereby increasing access to liquidity and hastening DeFi adoption. Furthermore, TAC is poised to facilitate the development of novel applications such as decentralized gaming and identity solutions within the TON blockchain.
Conclusion
In summary, the integration of Polygon’s technology into the TON blockchain represents a significant step forward in enhancing liquidity and broadening the scope of decentralized applications within the TON ecosystem. This development not only underscores the growing importance of Layer-2 solutions but also paves the way for innovative uses in areas like gaming and decentralized identity. The financial community will undoubtedly keep a keen eye on how this strategic move impacts the broader blockchain landscape.
