Upgrades Coming to the TON Blockchain
In the latest dual announcement by the TONNE blockchain (often regarded as an integral part of the TELEGRAM ecosystem), there are two major updates announced under the title: v2024.10 and FunC 0.4.5. These changes are critical performance improvements and demonstrate the network’s focus on increasing scalability and usability, specifically on systems with slower disc speeds. In particular to optimisation, such patches have been delivered by the development team to increase performance within the network, better the utilisation of resources, and create a consistent environment whereby the expanding Telegram community can grow.
Upgraded Network Infrastructure in version 2024 (v2024) 10 and FunC 0.4.5
The posting on GitHub goes on to emphasise optimisation here, saving bandwidth and data between the network and the block-exploder itself. In order to address this, the adjustment will benefit TONNE’s infrastructure in terms of being more optimal, especially for areas that usually become a performative bottleneck. These technical advancements include faster synchronisation speeds and more efficient garbage collection processes, resulting in a more agile and responsive network that will continue to scale and support usage demands, as well as a broader array of usage requirements.
Also, it has made progress optimising Distributed Hash Table (DHT) operations on the TONNE blockchain to streamline channel creation and lookups. It allows for faster, more optimised storage and retrieval, which is critical for the stability and speed of the network. It also fixes a number of bugs in FunC to increase the correctness of code execution and general network performance.
Engrossing Amid Bearish Market Sentiments
Toncoin (TON) is currently changing hands at around $4.88, with a slight 0.99% decline in the last 24 hours, but an offering level is hitting high during the current bearish arrangement, with high transaction activity inside the system. Nevertheless, as the price of TONNE gradually drops 10.15% month-to-date, trading volumes seem to show interest from investors as well, rising 1.29% to $168.5 million. This shows that despite the price difficulties, the TONNE ecosystem is holding its user base, transaction numbers are increasing, and new users are coming to a healthy ecosystem.
But analysts are still bullish and say that TON could perhaps target the $20 price level, especially as more users come into the TON ecosystem. The projection, however, is conditional on market dynamics and investor confidence, which is still cautiously bullish. Earlier, TON’s value dropped following extraneous events such as Telegram founder Pavel Durov being held in France, indicating the price of the platform is still largely tied to messaging app Telegram.
Enhancing the Functionality of TON and the Telegram Ecosystem
The update is designed to support Tap-2-Earn (T2E) game economy for applications like Telecom and advance the existing features of on-ton-based games such as Notcoin and Hamster Kombat. These updates would help strengthen the technical base of the TONNE blockchain and lay the groundwork for more diverse use cases in the Telegram ecosystem.
While the market is waiting for the next price movement of TON, the v2024. Releasing 10 and FunC 0.4.5 sets the foundation for positive and sustainable growth of the blockchain and prepares it for future scalability requirements. These updates represent an advance towards recovery and sustainability for TON, establishing a solid foundation for a healthy ecosystem that can support different types of applications and attract new market players both within the Telegram network and outside of it.
