Open Network (The Open Network).TONCatchain, an independent layer-1 Blockchain that is integrated with Telegram’s messaging service, announced it had reduced the block time to 400 microseconds after releasing its Catchain 2.0.0 consensus upgrade.
Traders now settle trades in less than 1 second and payment transactions in just about 1. “real time,” According to TON, decentralized apps will operate now at speeds similar to those of traditional applications. announcement On Thursday,
The number of blocks that are added to the chain will result in more rewards as block speeds increase. TON announced that the annual inflation rate for TON is expected to double, from 0.6% to 3,6%, following this update. Inflation is a reflection of the new Toncoins that are being issued.
“More blocks mean more validator rewards, which create stronger staking incentives and bring more TON into the network,” According to TON, the announcement.
Update on the update TON’s Catchain consensus algorithmFirst proposed in 2020 and bringing near-instant settlement on the Blockchain network, integrated into a application with more than 1 billion users worldwide.
CoinMarketCap data showed that TON traded up by 2.3% on Thursday to $1.28. Volume grew by more than 35 percent to $130,1 million. The market capitalization of the token is $3.17 billion.
Related: Dynamic adds embedded wallet infrastructure to TON for Telegram apps
Telegram gives users a way to stay in touch and communicate with cryptos around the globe.
Pavel Durov is the co-founder and CEO of Telegram. He said that, despite the government’s ban in Iran, Telegram was still used by a significant number of users in Russia.
Telegram bans have backfiredUsers can bypass online content restrictions and circumvent firewalls imposed by governments or national authorities using VPNs, which hide IP addresses.
“The government hoped for mass adoption of its surveillance messaging apps, but got mass adoption of VPNs instead,” Durov said.
Telegram is now integrated with TON. users to send crypto payments Users can also send direct messages within the app to business contacts and other users.
The in-app Crypto wallet of Telegram launched self-custodial Vaults in February. allow users to earn yield Bitcoin (BTCUSDt is Tether stablecoin.USDTEtherETH).
This month the wallet has been a hot topic. launched perpetual futures trading Telegram is available to users in their Telegram applications.
This integration is based on the perpetual decentralized exchange, Lighter. It supports trading in perpetual futures across multiple asset categories, such as crypto, stocks, precious metals, energy, commodities and commodities.
Magazine: As Ethereum phishing gets harder, drainers move to TON and Bitcoin
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
