Hamster

Ethereum

Notcoin

Foundation

Polygon

A group of developers affiliated with The Open Network on Telegram plans to tap into Ethereum with a Polygon-powered solution.&nbsp;
On Tuesday, the team led by Pavel Altukhov unveiled the TON Applications Chain, or TAC, at the Ethereum Community Conference (EthCC) in Brussels, Belgium. The new L2 will allow EVM-based decentralized applications (dapps) to connect with The Open Network (<a href="https://crypto.news/?s=TON" target="_blank" rel="noopener noreferrer nofollow">TON</a>).
EVM or Ethereum Virtual Machine is the staging area for most, if not all, Ethereum-based smart contract developments. It enables builders to design tools compatible with Defi’s largest chain. According to Altukhov’s group, the upcoming layer-2 network will be designed using Polygon’s Chain Development Kit (CDK) to expand TON’s ecosystem beyond the private messenger app.
Alenka Shmalko, ecosystem lead at TON Foundation, and Antony Tsivarev, TON Foundation’s director of ecosystem development, <a href="https://x.com/alenka_w3/status/1810711333156925478" target="_blank" rel="noopener noreferrer nofollow">stated</a> that the TON Foundation was not behind TAC. The disclaimer was shared in response to several reports claiming that the TON Foundation was the collective mind behind TAC.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1. TON Foundation has no plans to develop any L2 on Polygon stack. 2. Oh yes and btw – TON Foundation does not develop any products at all:)) Pay attention to what you consume in the media. <a href="https://t.co/AsZTVdY1bY" target="_blank" rel="noopener noreferrer nofollow">https://t.co/AsZTVdY1bY</a>— Alenka | TON Foundation 💎 (@alenka_w3) <a href="https://twitter.com/alenka_w3/status/1810711333156925478?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
You might also like: <a href="https://crypto.news/telegram-founder-hamster-kombat-token-will-be-launched-on-ton/" rel="noopener noreferrer nofollow"> Telegram founder: Hamster Kombat token will be launched on TON </a>
The news echoes a growing trend of entities shipping layer-2 networks created to scale Ethereum (ETH) by leveraging the behemoth blockchain’s security status while offering much cheaper transaction fees than ETH’s mainnet.
In April, crypto exchange OKX <a href="https://crypto.news/okxs-l2-blockchain-x-layer-goes-live-on-public-mainnet/" target="_blank" rel="noopener noreferrer nofollow">launched</a> its Polygon CDK-based L2 network, dubbed the “X Layer.” <a href="https://crypto.news/?s=Coinbase" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> also has a layer-2 called Base.
TON and Telegram continue to claim the crypto spotlight in recent months, as the social network has allowed developers to create dapps directly on the platform and access a 900 million global user base.&nbsp; Mini-games like <a href="https://crypto.news/?s=Notcoin" target="_blank" rel="noopener noreferrer nofollow">Notcoin</a> and <a href="https://crypto.news/?s=hamster+kombat" target="_blank" rel="noopener noreferrer nofollow">Hamster Kombat</a> have stormed defi spaces, quickly onboarding hundreds of millions of users through gamified tasks.&nbsp;
As these mini-games grow in popularity, questions abound about whether the trend is sustainable and will continue to attract users to Web3.
Read more: <a href="https://crypto.news/hamster-kombat-premarket-is-launched-what-do-you-need-to-know/" rel="noopener noreferrer nofollow"> Hamster Kombat premarket is launched: What do you need to know </a>

Third-party TON team to launch L2 chain

crypto.news

Other articles published on Jul 9, 2024

Bitcoin Miners In Loss Despite Slump In Mining Difficulty

Ethereum Name Service (ENS) Rockets 13% Sequel To Major Listing Announcement

Judge Schedules Sentencing for FTX Executives

Is the ENS Boom Over? Ethereum Name Service (ENS) Sees Downturn in Q2 Registrations

Ethereum ETF approaches: Comparing ETH and BTC’s states pre-launch

Cardano Releases Node 9.0 for Hard Fork

Join our free newsletter for daily crypto updates!