As a seasoned crypto investor with a keen interest in decentralized applications (dapps) and layer-2 solutions, I find the recent announcement of TON Applications Chain (TAC) an intriguing development. The plan to connect Ethereum-based dapps with The Open Network (TON) using Polygon’s stack is an interesting approach to expand the ecosystem beyond the private messenger app.
As an analyst, I’d rephrase that as follows: I’ve come across a team of developers connected to The Open Network on Telegram who aim to leverage Ethereum using a Polygon-enabled approach.
At the Ethereum Community Conference in Brussels, Belgium, on Tuesday, I was excited to learn about the latest development from Pavel Altukhov’s team. They introduced the TON Applications Chain, or TAC. As a crypto investor in The Open Network (TON), this is significant news for me. TAC will serve as a Layer 2 solution that enables Easy Virtual Machine (EVM) based decentralized applications (dapps) to seamlessly connect with TON. This interoperability opens up new possibilities for the growth and expansion of both ecosystems.
The Ethereum Virtual Machine (EVM) serves as the crucial development platform for the majority of smart contracts on Ethereum. It allows creators to build tools that are compatible with Decentralized Finance (DeFi)’s leading network. As per Altukhov’s team, their upcoming layer-2 network is planned to be constructed using Polygon’s Chain Development Kit (CDK). This initiative aims to broaden the scope of TON‘s ecosystem beyond its current private messaging app.
Alenka Shmalko, the ecosystem lead at TON Foundation, and Antony Tsivarev, the director of ecosystem development at TON Foundation, clarified that they are not the masterminds behind TAC (The TON Crypocurency). Reports suggesting otherwise were incorrect.
The TON Foundation currently has no intentions of creating any layer-2 solutions on the Polygon network.— Alenka | TON Foundation 💎 (@alenka_w3) July 9, 2024
the security of Ethereum and the affordability of a smaller network.
As a researcher studying the latest developments in the crypto industry, I came across an exciting announcement from OKX in April. They unveiled their new Polygon CDK-based Layer 2 network, which they named “X Layer.” Meanwhile, Coinbase has also introduced a Layer 2 solution called Base.
In the past few months, TON and Telegram have drawn significant attention in the crypto world. With Telegram enabling developers to create dapps directly on its platform and offering access to a vast global user base of 900 million, it’s no wonder these platforms are making waves. Mini-games such as Notcoin and Hamster Kombat have been particularly successful in the DeFi sector, attracting large numbers of users through engaging tasks.
As I analyze the rising trend of mini-games in the Web3 space, I can’t help but ponder over the sustainability of this phenomenon and its ability to retain users long-term.
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2024-07-09 20:58