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TON Blockchain Will Release New Layer-2 Based On Polygon’s Technology

Jul 8, 2024

As an experienced blockchain analyst, I see the announcement made by The Open Network (TON) team at EthCC in Brussels about their new layer-2 network based on Polygon’s technology as an intriguing development. TON’s decision to build TAC using Polygon’s Chain Development Kit and AggLayer demonstrates a clear recognition of the benefits these technologies offer.

At the Ethereum Community Conference (EthCC) in Brussels, Belgium, on Tuesday, The Open Network (TON) team revealed their plans to introduce a new layer-2 network of their own, which is inspired by Polygon‘s technology.

The new protocol, named TON Applications Chain (TAC), will utilize Polygon’s versatile Chain Development Kit (CDK). This developer-friendly toolkit allows creation of custom layer-2 blockchains using Polygon’s zero-knowledge tech as the foundation. Additionally, TAC will employ Polygon’s AggLayer, a solution for addressing interoperability issues among various blockchains.

Based on information from a press release obtained by CoinDesk, TAC (Telegram Open Network) aims to facilitate the integration of Ethereum-based decentralized applications into its ecosystem. Simultaneously, it offers Ethereum developers an opportunity to create new applications for Telegram’s user base.

The TON team announced in a press release that TAC is expected to considerably improve access to liquidity and quicken the acceptance of Decentralized Finance (DeFi) within the TON ecosystem. Additionally, TAC will serve as a foundation for various creative applications on the TON blockchain beyond DeFi, including gaming and decentralized identity solutions.
As a blockchain analyst, I’ve observed that major players in the industry have been actively developing their own layer-2 networks over the past year. Coinbase set the trend in August by launching its “Base” blockchain in collaboration with Optimism and their OP Stack. Following this move, other protocols such as Celo and Worldcoin announced plans to deploy layer-2 rollups using OP Stack. More recently, OKX joined the bandwagon by introducing its own layer-2 solution named “X Layer,” which is built on Polygon’s CDK platform.

“Pavel Altukhov, TAC’s founder, explained to CoinDesk via email why they opted for Polygon as their ecosystem of choice: ‘We were drawn to Polygon due to its EVM compatibility, AggLayer’s EVM liquidity linking, extensive deployment assistance, and Polygon’s proficiency in EVM technology.’ The dynamic community associated with Polygon was another significant consideration in our decision-making process.”

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2024-07-09 18:05