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Third-party TON team to launch L2 chain
Daily Cryptex - Crypto News, Articles and Insights > Crypto News > Altcoins > Polygon (MATIC) > Third-Party TON Team Announces Launch of New L2 Blockchain
AltcoinsCrypto NewsPolygon (MATIC)

Third-Party TON Team Announces Launch of New L2 Blockchain

Burhaan Al Amin
Last updated: July 9, 2024 5:51 pm
Burhaan Al Amin Published July 9, 2024
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A group of developers affiliated with The Open Network on Telegram plans to tap into Ethereum with a Polygon-powered solution. The team led by Pavel Altukhov unveiled the TON Applications Chain (TAC) at the Ethereum Community Conference (EthCC) in Brussels, Belgium.

The new L2 will enable EVM-based decentralized applications (dapps) to connect with The Open Network (TON). EVM, or Ethereum Virtual Machine, is crucial for smart contract developments.

Altukhov’s group will use Polygon’s Chain Development Kit (CDK) to expand TON’s ecosystem beyond the private messenger app. However, the TON Foundation clarified it is not behind TAC.

Alenka Shmalko, ecosystem lead at TON Foundation, and Antony Tsivarev, director of ecosystem development at TON Foundation, emphasized this in response to reports stating otherwise.

1. TON Foundation has no plans to develop any L2 on Polygon stack.

2. Oh yes and btw – TON Foundation does not develop any products at all:))

Pay attention to what you consume in the media. https://t.co/AsZTVdY1bY

— Alenka | TON Foundation 💎 (@alenka_w3) July 9, 2024

This trend reflects efforts to scale Ethereum by using its security and offering cheaper transaction fees. OKX and Coinbase have also launched similar L2 networks.

TON and Telegram have made headlines by allowing developers to create dapps directly on the platform, reaching a 900 million global user base. Games like Notcoin and Hamster Kombat have popularized defi spaces.

As these games gain traction, questions remain about the sustainability of this trend and its ability to draw users to Web3.

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TAGGED:PolygonTelegramThe Open Network

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