TON Application Chain and Polygon Labs Integrate EVM Functionality

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As an experienced analyst, I believe that this collaboration between TAC and Polygon Labs is a game-changer for the TON ecosystem. The integration of EVM functionality through Polygon CDK and Agglayer will significantly expand the range of decentralized applications (DApps) accessible to TON users. This move bridges the gap between Ethereum and TON, providing Ethereum developers with access to a vast user base within Telegram.

In my analysis, the collaboration between the TON Application Chain (TAC) and Polygon Labs brings Ethereum Virtual Machine (EVM) capabilities to the TON ecosystem. This integration aims to expand the range of applications that TON users can access, including decentralized finance (DeFi), gaming platforms, and identity solutions.

As a crypto investor, I’m excited about the recent announcement made on July 9 by TAC and Polygon. They unveiled their integration of Polygon CDK and Agglayer, an interoperability protocol. This collaboration will bring EVM-compatible decentralized applications (DApps) to the TAC platform, expanding its functionalities and increasing its potential value for users like me.

Pavel Altukhov, the CEO of TAC, highlighted that this partnership aims to connect the TON and Ethereum communities, making it simpler for Decentralized Applications (DApps) to be integrated into Telegram.

Utilizing apps such as Wallet in Telegram, Ethereum developers can tap into a large pool of users, facilitating the development of practical crypto applications. Possible applications include Decentralized Finance (DeFi), gaming, and decentralized identity systems.

TON Network’s Active Addresses Surpass Ethereum

On July 6, Messari noted a significant increase in the number of active addresses on the TON network, surpassing Ethereum’s figures from June. This surge can be attributed to the efforts of TAC’s founding team, which includes Michael Egerov, the founder of Curve, and the creators of The Open Protocol (TOP). TOP provides crypto wallet services within the Telegram application, thereby improving user convenience.

As a researcher studying the TON ecosystem, I’ve come across TAC, a layer-2 solution built specifically for TON to facilitate the deployment of Ethereum Virtual Machine (EVM) decentralized applications (dApps) for both TON and Telegram users. The network has experienced significant growth in trading activity for new tokens recently. However, this progression has also brought about an unwelcome increase in phishing attacks that pose a threat to the security of the platform and its users.

As a security analyst, I’d like to draw your attention to a warning issued by the founder of SlowMist, Yu Xian. He underscored potential phishing risks within the Telegram ecosystem. According to him, deceptive links are prevalently spread through message groups and airdrops in this platform, posing significant threats to unsuspecting users.

As a researcher studying the blockchain ecosystem, I’m excited about the recent integration of Ethereum Virtual Machine (EVM) functionality between TAC and Polygon Labs. Although security considerations are important, this advancement signifies a substantial progression for TON users. It broadens the scope of applications accessible to them, opening up new possibilities in decentralized finance (DeFi), gaming, and numerous other domains.

The partnership showcases the possibilities for additional groundbreaking advancements in both the TON and Ethereum communities.

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2024-07-09 23:32