Ethereum

DeFi

Impact

Polygon

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ton-team-launches-new-protocol" data-wpel-link="internal" rel="noopener noreferrer nofollow">TON Team Launches New Protocol</a><br></p>
<p style="text-align: justify">The TON Blockchain team has announced a significant development at the Ethereum Community Conference held in Brussels, Belgium. The recently unveiled protocol, named TON Applications Chain (TAC), aims to enhance the TON ecosystem with a new layer2 solution based on <a href="https://en.bitcoinhaber.net/record-breaking-metrics-for-avalanche-a-surge-in-active-users-and-validators" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon</a>‘s zero-knowledge technology. This initiative is expected to boost the adoption of decentralized finance (DeFi) and pave the way for various innovative applications within the TON network.</p>
<h2 id="how-will-tac-impact-the-ton-network">How Will TAC Impact the TON Network?</h2>
<p style="text-align: justify">According to TAC’s founder, Pavel Altukhov, the decision to leverage the Polygon ecosystem was driven by its EVM compatibility, comprehensive deployment support, and the engaging community. The TAC protocol will facilitate the integration of EVM-based decentralized applications into the TON ecosystem, significantly increasing liquidity access. This development is seen as a crucial step in accelerating DeFi adoption on the TON network.</p>
<h2 id="what-are-the-expected-innovations">What Are the Expected Innovations?</h2>
<p style="text-align: justify">Beyond the realm of DeFi, the TAC protocol promises to open new avenues for various applications within the TON network. These include <a href="https://newslinker.co/category/gaming/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">gaming</a> and decentralized identity solutions, highlighting the versatile potential of the TON blockchain. The integration of these applications is anticipated to attract a broader user base and diversify the use cases of the TON network.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Investors can infer several concrete benefits from this development:</p>
<ul>
 <li>Enhanced liquidity access within the TON ecosystem</li>
 <li>Accelerated adoption of DeFi applications</li>
 <li>Potential for innovative applications like gaming and decentralized identity solutions</li>
 <li>Increased interoperability with EVM-based applications</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">The introduction of the TAC protocol marks a significant milestone in the evolution of the TON blockchain. By leveraging Polygon’s technology and community support, the TON team aims to foster a more robust and diverse ecosystem. This move is expected to not only boost DeFi adoption but also expand the range of applications, thereby strengthening the overall utility and appeal of the TON network.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ton-team-launches-new-protocol" data-wpel-link="internal" rel="noopener noreferrer nofollow">TON Team Launches New Protocol</a></h5>

TON Team Launches New Protocol

Table of Contents

BH NEWS

Other articles published on Jul 9, 2024

Nuant launches real-time tool to monitor crypto portfolios

Circle debuts euro-pegged stablecoin EURC on Coinbase’s blockchain

Trader Calls Solana 'Most Liquid, Strongest Runners'; Analyst Predicts March 2025 Final Deadline ...

How Can Layer-2s Afford Ultra-Low Gas Fees?

Ethereum Price Stagnates At $3100 As Spot ETF Gets Postponed

MetaMask unveils new toolkit to streamline Web3, user onboarding

Join our free newsletter for daily crypto updates!