- The TON Software Chain (TAC) is leveraging the Polygon Chain Improvement Equipment (CDK) and AggLayer to construct a ZK-powered layer 2 for the ecosystem.
- TAC’s Pavel Altukhov discloses that Polygon was chosen for its vibrant neighborhood and EVM compatibility.
A brand new utility TON Software Chain (TAC) has just lately introduced that it’s collaborating with Polygon to construct a layer 2 utility for the TON ecosystem to make sure a easy connection to the AggLayer for seamless interoperability and unified liquidity.
Large information! TAC is teaming up with @0xPolygon to convey EVM compatibility to the TON ecosystem! Prepare for better entry to DeFi, gaming, and extra on Telegram. It is a game-changer.
In accordance with an announcement made on the Ethereum Neighborhood Convention (EthCC) in Brussels, Belgium, the challenge powered by the Open Platform could be marked by a easy compatibility with the Ethereum Digital Machine (EVM). This can act as a gateway to attracting and onboarding hundreds and even tens of millions of customers for the aggregated blockchain community. On high of that, the event of Decentralized Finance (DeFi) Applications, coupled with gaming and decentralized identification options could be swiftly facilitated.
In explaining why Polygon was chosen, founding father of TAC Pavel Altukhov disclosed that the lively neighborhood of the layer 2 or sidechain scaling resolution performed a vital function.
We selected to construct on the Polygon ecosystem for its EVM compatibility, seamless availability of liquidity from EVM chains by way of AggLayer, complete deployment help, and Polygon’s EVM experience. The colourful neighborhood surrounding Polygon was additionally a vital consider our resolution.
TAC to Leverage Polygon CDK
In accordance with the announcement, the brand new community would leverage the Polygon’s Chain Improvement Equipment (CDK) and the Polygon’s AggLayer to unlock its full potential.
TON Applications Chain (TAC) is constructing a zk-powered L2 w/ Polygon CDK that can connect with the AggLayer, enabling seamless interop & unified liquidity for the @ton_blockchain ecosystem+ EVM compatibility for telegram dApps+ much more customers for the aggregated blockchain… https://t.co/XU0e73mPnQ— Polygon | Aggregated (@0xPolygon) July 9, 2024
As we earlier reported, the Polygon CDK was formally launched in August 2023 to function as an open-source and modular codebase for the launch of L2 Chain. In different phrases, any try and deploy a sequence utilizing the Polygon CDK would additionally result in the launching of ZK-powered L2 on Ethereum. The TON Software Chain reportedly made use of this as a result of quite a few advantages resembling its safety and near-instant interoperability with different Polygon chains, one-click entry to the complete liquidity of Ethereum, seamless and automated entry to shared liquidity of all polygon chains, and many others.
It may be recalled that one of many world leaders in crypto funds, Wirex, additionally introduced final yr that it’s utilizing the Polygon CDK to construct its payment-focused L2, App Chain (W-Pay). Equally, Arianee disclosed earlier this yr to be launching L2 for the tokenization of digital product passports at scale utilizing the Polygon CDK.
To analysts, this adoption may proceed and steadily drive up the worth of its native token, MATIC. Not too long ago, analyst Bixley predicted that the MATIC may surge by 7,800% to commerce at $55. At press time, the asset was buying and selling at $0.51 after surging by 0.60%.
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