The Ton Network cryptocurrency network development equipment announced the roadmap of its protocol. According to the official statement, this update has been developing more than a year and a half and began to implement it on the Ton Network in December.
“The design of layer 1 focused on scalability and decentralization instead of in the maximum speed of each transaction or minimum rates,” The Ton team comments. However, to advance its functionalities, The network would require the addition of new infrastructure.
Among the most outstanding improvements of the main network of the cryptocurrency is the implementation of a payment channel network that will work as an additional layer to Ton Network. Developers will also encourage the research and development of new side chains to the main network.
Ton will receive its first layer 2, the Payment Network
This second layer, called Payment Network, will help to climb the network in specific cases, as high frequency chain trade and the satisfaction of instantaneous responses that requires the execution of certain games.
Specifically, it will allow instant transfers with “microcomisions” between users, in addition to simple cryptoactive exchanges.
At the moment, Payment Network has reached the beta phase: we have a functional prototype, but it has not yet been completely tested or audited.
Ton Network equipment, the cryptocurrency network.
The ton network will be more accessible to user experience
Another improvement is that the Ton team will work directly with independent ecosystem projects to improve user experience. The applications you will work with are Dedust Dex, Mytonwallet, Tonscan.org, Ton.diamonds, and Stakee.
The plan is to include advances as humanly legible requests for execution, instead of showing requests based on codes that are difficult to read for users; Visualization of instant actions, which improves the interaction with services, explorers and purses of the network regardless of the state of the transaction in the chain; and a more unified and accessible interface of products and services within ton.
A synthetic equivalent of Bitcoin (BTC) on the ton network
Likewise, the team prepares to help the launch of an interoperability solution (bridge) in The ton network containing an equivalent of Bitcoinwhich is being developed by RSQUAD.
Ton BTC Teleport, a powerful solution between chains to transfer Bitcoin to and from the Ton Network without intermediaries, is being developed by RSQUAD, an external team of blockchain experts, in collaboration with the Ton Foundation.
Ton equipment, the cryptocurrency network.
According to him Official Network Blog“Users get access to a set of Defi tools that make Bitcoin an active participant” in Ton Network. The BTC on the ton network will work through a synthetic equivalent. That is, it will not be Bitcoin, properly, the currency available for network transactions.
The BTC transferred to the Ton network is transformed into TGBTC, a synthetic equivalent of Bitcoin, through a process of PEG-IN. The TGBTC will maintain a 1: 1 support with BTC, which means that it is completely redeemable by Bitcoin wherever the user wants to return to the BTC block chain.
Ton equipment, the cryptocurrency network.
Protocol update includes smaller improvements, such as standardization of Wallets Ton’s mnemonic data to solve existing interoperability problems with multiple chain wallets.
It will also update the network with performance improvements to optimize load, stability, processing times and request for resources in the main network, among other updates.
