The post TON Unveils Roadmap for 2025 With Layer-2 Payment Network and Key Upgrades appeared first on Coinpedia Fintech News
In a latest update, The Open Network (TON) has revealed its roadmap for the first half 2025 with several key changes to the core chain. The protocol revealed plans to launch a Layer-2 network this year, featuring nine updates to boost its capabilities and position it as a competitor to platforms like Ethereum.
L2 – A Key Focus
The layer-2 Payment Network is a key focus for the TON Core team to scale the TON blockchain. As outlined in the TON whitepaper, the payment channel network, described as the “Lightning Network” of TON, will facilitate instant money transfers between nodes.
The roadmap emphasizes TON Core’s goal of enabling instant transfers with micro-commissions and seamless asset swaps. The Payment Network will provide the necessary Layer-2 infrastructure to achieve these objectives.
The TON layer one engine focuses on scalability and decentralization, while the upcoming Layer 2 Payment Network will prioritize speed and low cost. While current speeds meet everyday user needs, the new network aims to handle high-frequency transactions, including on-chain trading and instant response gaming.
Finalizing Upgrades, Major Goals
Currently in beta, the TON CORE team is testing and finalizing the prototype, adding support for jettons, additional currencies, and swaps, which will be rolled out in the next stage.
The project’s goals include the Accelerator mainnet upgrade, which will improve shardchain tracking and separate validator functions into two roles: collator (responsible for collecting transactions and generating block candidates) and validator (responsible for validating blocks).
The TON Core team is bringing BIG updates in H1 2025! Here’s a sneak peek:
Huge “Accelerator” Kernel update on Mainnet
— TON
(@ton_blockchain) January 27, 2025
Key milestones also include sidechain research, trustless bridging between Toncoin and Bitcoin via TON teleport, and user interface enhancements. TON is focusing on increased interoperability through partnerships with Axelar, LayerZero, and Wormhole. Additionally, Telegram announced that TON Connect will be the main gateway for integrating TON with Telegram mini apps.
Notably, Exciting updates unfolded for TON, with Telegram adding third-party verification and NFT gifts. While these innovations are expected to boost Toncoin’s price, it has dropped over 40% from its ATH of $8.24, falling out of the top 10 digital currencies. It is currently trading at $4.88, down over 3% in the past 24 hours.