New payment network on Ton aims to scale blockchain utility
New payment network on Ton
The Open Network (TON) has unveiled plans to roll out a layer-2 payment network as part of its 2025 development roadmap.
According to TON Core, the initiative aims to revolutionize blockchain scalability by enabling instant, low-cost transactions, according to Crypto News.
The layer-2 network, described in the original TON whitepaper as a "payment channel network," mirrors the concept of Bitcoin's Lightning Network. This system will allow users to perform rapid transactions with minimal fees while simplifying asset swaps.
TON Core has confirmed the Payment Network prototype is in beta testing but awaits thorough audits before full deployment.
Enhancing Scalability and Bridging Ecosystems
Among the key objectives for 2025 is the Accelerator mainnet upgrade, designed to optimize shardchain tracking and restructure validator functions. Validation duties will be split into two roles: collators, who gather transactions and generate block candidates, and validators, who authenticate those blocks.
Further advancements include research into sidechains and trustless bridging solutions. TON is working toward seamless interoperability between its native token, Toncoin, and major cryptocurrencies like Bitcoin through a feature called TON Teleport. Partnerships with interoperability leaders like Axelar, LayerZero, and Wormhole reinforce this vision.
Telegram, a key supporter of the ecosystem, has also announced that TON Connect will serve as the primary gateway for integrating TON with Telegram mini apps. TON Core is committed to scaling blockchain applications, with the Payment Network prioritized for its potential to facilitate instant transfers, micro-commissions, and broader cryptocurrency support.
“Our Payment Network prototype is functional, but rigorous testing and auditing are needed before it’s fully operational,” the team stated. This initiative cements TON’s position at the forefront of blockchain innovation, striving to combine scalability, efficiency, and usability in a single ecosystem.
The number of TON holders has surpassed 100 million, marking a significant milestone in the TON blockchain's growth. Initially created by Telegram, TON now bridges everyday users and Web3 dApps through its decentralized platform.
