EddieJayonCrypto
28 Jan 25
The Open Network (TON) plans to launch a layer-2 payment chain as a top priority for this year, focusing on scalability and decentralization to support 500 million active users. TON Core emphasizes the need for a layer-2 system to enable high-frequency trading and instant gaming, with the Payment Ne...
The Open Network (TON) is prioritizing the launch of a layer-2 payment chain to enhance scalability and ecosystem success. TON Core highlights the need for a payments-focused L2 to facilitate high-frequency trading and instant gaming.
The Payment Network, a Layer 2 system based on payment channels, enables instant transfers with micro-commissions and simple asset swaps. TON Core has outlined three stages for the chain's future development, including testing and finalizing the current prototype, adding support for jettons and extra-currencies, and adding support for swaps in the next stage.
TON is aiming to support 500 million active users through the layer-2 payment chain, with a focus on scalability and decentralization. The design prioritizes these factors over the maximum speed of single transactions or minimum fees, although the current speed and network fees fulfill the needs of mass users for everyday activities.
TON Core emphasizes the necessity of a layer-2 system for activities such as high-frequency trading and instant gaming and sees Payment Network as a potential solution. However, it is important to note that the Payment Network is presently in the beta stage and has yet to undergo full testing and auditing to ensure its reliability and security.