TON Blockchain to Launch New Layer-2 Network Based on Polygon Technology
Coindesk1 week ago
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TON Blockchain to Launch New Layer-2 Network Based on Polygon Technology

TON
Polygon
Layer2
Blockchain
DeFi

Summary:

  • TON is launching a new layer-2 network called the TON Applications Chain (TAC) based on Polygon's technology.

  • TAC will use Polygon's Chain Development Kit (CDK) and AggLayer to enable EVM-based decentralized applications (dApps) on the TON blockchain.

  • The goal is to integrate Ethereum developers into the TON ecosystem and provide them with access to Telegram's user base.

  • TAC is expected to enhance liquidity and accelerate DeFi adoption within the TON ecosystem.

  • This move follows a trend of major blockchain companies developing their own layer-2 networks to improve scalability and efficiency.

TON Embraces Polygon's Technology for New Layer-2 Network

The Open Network (TON), the popular blockchain tied to the Telegram messaging platform, is launching its own layer-2 network built on Polygon's technology. This new protocol, named the TON Applications Chain (TAC), will leverage Polygon's Chain Development Kit (CDK) and AggLayer.

The CDK, a customizable toolkit, empowers developers to create their own layer-2 blockchains based on Polygon's zero-knowledge technology. AggLayer, Polygon's interoperability layer, aims to address blockchain fragmentation.

According to a press release, TAC is designed to integrate EVM-based decentralized applications into TON's ecosystem, allowing Ethereum developers to build programs for Telegram users.

The TON team anticipates TAC to boost liquidity and accelerate DeFi adoption within the TON ecosystem. Beyond DeFi, TAC is expected to pave the way for various innovative applications on the TON blockchain, including gaming and decentralized identity solutions.

This news follows a trend of major blockchain companies developing their own layer-2 networks over the past year. Coinbase's "Base" blockchain, launched in August, utilized Optimism's OP Stack, while Celo and Worldcoin have also announced plans to launch layer-2 rollups with OP Stack. In April, cryptocurrency exchange OKX released its layer-2, "X Layer," with Polygon's CDK.

Pavel Altukhov, the founder of TAC, highlighted Polygon's EVM compatibility, seamless liquidity access, comprehensive support, and expertise in EVM technology as key factors in their decision. The vibrant Polygon community also played a significant role.

This move by TON demonstrates the growing importance of layer-2 scaling solutions in the blockchain space. By building on Polygon's technology, TON aims to enhance its ecosystem's capabilities and attract a wider range of developers and users.

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