An outside TON team will start the L2 chain

  • A team of Telegram developers connected to The Open Network intends to leverage Polygon to leverage Ethereum.

The TON Applications Chain, or TAC, was introduced on Tuesday at the Ethereum Community Conference (EthCC) in Brussels, Belgium, by the Pavel Altukhov-led team. EVM-based decentralized applications (dapps) will be able to establish connections with The Open Network (TON) using the new L2.

The majority of Ethereum-based smart contract developments, if not all of them, are staged in the Ethereum Virtual Machine, or EVM. With its help, builders can create tools that work with the biggest chain of Defi. In order to extend TON’s ecosystem beyond the private messenger app, Altukhov’s group claims that Polygon’s Chain Development Kit (CDK) will be used in the creation of the forthcoming layer-2 network.

The TON Foundation did not support TAC, according to Alenka Shmalko, the organization’s ecosystem head, and Antony Tsivarev, director of ecosystem development. The disclaimer was released in reaction to multiple reports that said TAC was the brainchild of the TON Foundation.

The announcement is consistent with an increasing trend of organizations launching layer-2 networks designed to expand Ethereum (ETH) by taking advantage of the massive blockchain’s security standing and providing significantly lower transaction fees than ETH’s mainnet.

OKX, a cryptocurrency exchange, introduced the X Layer, a Polygon CDK-based L2 network, in April. Base is the layer-2 that Coinbase also offers.

As a result of the social network’s ability to enable developers to build dapps directly on the platform and reach 900 million users worldwide, TON and Telegram have maintained their position as the leading cryptocurrency platforms in recent months. Through gamified jobs, mini-games like Notcoin and Hamster Kombat have quickly onboarded hundreds of millions of users, storming defi venues.

There are several concerns over whether or not the trend of these mini-games is sustainable and will draw people to Web3.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

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