TON And Its Upcoming Polygon-Based L2
What Is The TON Applications Chain (TAC)?
The TON Applications Chain (TAC) is a brand new Layer 2 network that is accelerating the TON blockchain ecosystem. This project, funded by The Open Platform, a major TON investor, is all about making TON even more fantastic, particularly when it comes to integrating with Ethereum's technology.
TAC's EVM compatibility is a crucial feature, which implies it can execute Ethereum blockchain-based apps. That’s an important advancement since it enables a wide range of Ethereum-based decentralized apps (dApps) to be smoothly transferred over to the TON platform. This might possibly attract a huge number of users and developers, fostering development and innovation inside the TON network.
TAC is collaborating with Polygon, using their fantastic Chain Development Kit (CDK) and AggLayer technologies. This enables developers to simply create their own super-fast and linked blockchains on top of TON, ranging from DeFi platforms for financial transactions to gaming environments and even methods to authenticate your identity online.
This new layer-2 network intends to meet the increasing need for scalable and efficient solutions in the TON ecosystem. TAC's use of Polygon's technology and experience might pave the way for a more lively and linked TON network, appealing to both Ethereum and TON users.
How Does This New L2 Work?
TAC acts as a bridge between two fantastic worlds: Ethereum and TON. It integrates Ethereum's technology, such as the EVM (similar to an operating system for blockchain applications), to TON, creating a whole new sandbox for developers and consumers.
How does it do this? TAC collaborates with Polygon and makes use of their incredibly fantastic tools, CDK and AggLayer. It's like providing Ethereum developers a cheat sheet for building on TON, making it simple for them to construct a variety of new and intriguing dApps.
Furthermore, this not only broadens the number of viable apps on TON but also gives Ethereum developers access to Telegram's large user base, which might drive considerable acceptance and growth.
TAC's EVM compatibility, which helps remove the hurdles that previously hampered the creation of DeFi, gaming, and identification solutions for TON, facilitates a healthy ecosystem of creative apps that cater to a wide variety of user demands by streamlining the user experience and ensuring seamless interaction.
Benefits Of The Polygon-Based L2 In Web3
The TON Applications Chain (TAC), a Polygon-based Layer 2 solution, provides several advantages to the TON ecosystem and the larger Web3 environment. TAC tackles numerous critical obstacles by using Polygon's technology, opening up new avenues for innovation and development.
TAC improves scalability inside the TON network. Polygon's excellent track record in scaling solutions, including zero-knowledge technology, enables quicker and more efficient transaction processing. This is critical for a thriving ecosystem like TON, which is seeing rising activity and demand.
Secondly, the use of Polygon's AggLayer improves compatibility between TON and other EVM-compatible blockchains. This seamless bridge allows for easy asset transfers and communication across several networks, enabling a more integrated and collaborative Web3 environment.
Thirdly, TAC greatly enhances the user experience for both developers and users. By enabling EVM compatibility, Ethereum developers may quickly launch their dApps on TON, tapping into a vast potential user base. Users can also enjoy a familiar and straightforward experience for engaging with dApps on the TON platform.
Last but not least, TAC lays the groundwork for a thriving ecosystem of decentralized apps on TON. With entrance hurdles reduced, you should anticipate an increase in the creation of DeFi protocols, NFT markets, gaming apps, and other projects. This surge of creative dApps will not only increase Toncoin's usability but also draw a larger audience to the TON ecosystem.
Price Prediction Of TON
Predicting the future price of any cryptocurrency, including Toncoin (TON), is a difficult task with many factors at play. However, studying existing patterns and expert perspectives might provide useful information about its likely direction.
Recent advances in the TON ecosystem, including the creation of the TON Applications Chain (TAC) and the integration of USDT, have boosted investor confidence. The increasing acceptance of TON-based dApps, as well as the general development of the network, point to a favorable prognosis for the token's value.
Future estimates are much more positive, with TON expected to average $204 over the next four years. By 2031, the asset is expected to surpass the $1,000 mark, trading at an average price of $1,677.
Below are other factors that may favorably impact TON's pricing:
Increased adoption: As more users and developers join the TON ecosystem, the demand for Toncoin is expected to increase, pushing up its price.
Technological advancements: The addition of new features and applications to the TON blockchain may increase its usability and attract more users.
Positive market sentiment: The general mood toward cryptocurrencies and blockchain technology may have a big influence on TON's price.
Overall, the price prognosis for TON in the future years is cautiously positive. While there is potential for significant returns, it is critical to approach every investment with a balanced viewpoint that takes into account both the risks and benefits. As with any investment, proper study and due investigation are required before making any choices.
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