What does the New TON Layer-2 Network launch mean for business?Wait, what?If it sounds too complex, we will explain what it means for the community.
What happened?A new project called TON Applications Chain (TAC)
announced a layer-2 network for the TON Blockchain ecosystem in Telegram. It is compatible with
Ethereum Virtual Machine (EVM), meaning that developers who already have built applications under the widespread
Ethereum standard could easily port over to the new TAC layer-2 network within the TON ecosystem.
It is also worth mentioning that the project was backed by The Open Platform, an investor focused on the TON blockchain ecosystem, which makes a very positive sign for the community.
What does it mean in simple words?As a quick note about the essence of level 2 networks — basically it is a blockchain scaling solution, which helps to decrease the costs of operations as well as increases the speed of operations.
What is particularly interesting about this move from the TAC team — they implemented EVM compatibility, meaning it will open access to a large number of users on Telegram to the big existing community of
Ethereum developers, allowing them to implement more real-world crypto applications.
It is definitely a good move for the ecosystem, considering the goal of TON Foundation to reach mass adoption with their ecosystem. The only big question remains:
Are most of the very tech-savvy crypto developers capable of building products which will be so simple that they will really reach mass adoption?#ton #tac #evm #blockchain #ethereum #tonlab #layer2 #theopenplatform