What’s New in The Open Network (TON) for 2025! 🚀
The Open Network (TON) has recently disclosed its roadmap for the first half of 2025, outlining significant enhancements to its core blockchain functionalities. This year, TON is set to introduce a Layer-2 network with multiple updates aimed at boosting performance and establishing itself against competitors like Ethereum.
L2 Payment Network – A Primary Focus 🤝
To effectively scale its blockchain operations, the TON Core team is prioritizing the Layer-2 payment network. According to the TON whitepaper, this payment channel system, akin to the “Lightning Network” of TON, will allow for instantaneous money transfers between nodes.
The roadmap underlines the TON Core’s ambition to enable instant transactions coupled with micro-commissions and easy asset swapping. This Payment Network will serve as crucial Layer-2 infrastructure that supports these aims.
While the Layer 1 engine of TON emphasizes scalability and decentralization, the forthcoming Layer 2 Payment Network is designed with a focus on speed and affordability. Although current transaction speeds cater to everyday user requirements, the forthcoming system will accommodate high-frequency transactions—this includes on-chain trading and immediate responses within gaming applications.
Finalizing Upgrades: Significant Objectives 🎯
Currently undergoing beta testing, the TON Core team is in the process of finalizing the prototype which will include support for jettons, various currencies, and multiple swaps that are expected to roll out in forthcoming phases.
The objectives of the project encompass a mainnet upgrade dubbed the “Accelerator,” which aims to enhance shardchain tracking and redefine validator roles into two distinct functions: collators, who will gather transactions and create block candidates, and validators, who will be tasked with verifying the blocks.
Major milestones target:
- Research on sidechains
- Trustless bridging of Toncoin with Bitcoin through TON teleport
- User interface improvements
TON is also honing in on enhancing interoperability through collaborations with Axelar, LayerZero, and Wormhole. Additionally, Telegram has announced that TON Connect will act as the primary entry point for integrating TON with Telegram mini applications.
Exciting Developments and Market Position 📊
TON has unveiled intriguing updates, especially with Telegram introducing third-party verification and NFT gifting options. While these advancements are anticipated to have a positive effect on Toncoin’s market value, it has recently experienced a decline of over 40% from its peak price of $8.24, resulting in its exit from the top 10 digital currencies list. Presently, it is trading around $4.88, reflecting a decrease of over 3% in the last 24 hours.
This year indeed holds new prospects as TON rolls out its ambitious plans for a more efficient blockchain. The direction taken toward the Layer-2 payment network, combined with other planned upgrades, positions TON uniquely in the competitive blockchain sphere. By prioritizing aspects such as transaction speed and cost-efficiency, TON aims to cater effectively to user needs while enabling new functionalities within its ecosystem.
Hot Take: Anticipations for the Future with TON 🌟
As The Open Network embarks on this transformative journey throughout 2025, the developments surrounding its Layer-2 network and other key upgrades have the potential to reshape how users interact with blockchain technology. The strategic partnerships and focus on user experience suggest that TON is not just improving technical aspects but is also committed to enhancing the overall ecosystem. Observing how these innovations translate into user adoption and market performance will be crucial in the upcoming months.
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