TON Factory Overview
TON Factory, launched by Broxus, combines TVM with a DAG-based mechanism that can handle up to 35,000 transactions per second.
Investment in TON Blockchain
In March this year, the TON Foundation revealed that various venture capital companies invested over $400 million in the TON blockchain. Broxus, TVM-powered blockchain solutions have launched TON Factory, a new platform made to boost the advancement and scalability of high-throughput applications such as decentralized exchanges (DEXs) and blockchain-based games.
Developer Support
On April 30, TON posted on Telegram, mentioning that TON Factory targets to aid developers swiftly build and scale projects having modular parts, amalgamation tools, and hands-on expert support. The announcement further noted that for OGs so far creating on TON, TON Factory aids you in scaling further. This massive step is supported by a team of more than 150 engineers having experience delivering production-ready infrastructure in the TON ecosystem.
Architectural Features
The fundamental architecture leverages the Tycho protocol of Broxus, which integrates the TVM with a Directed Acyclic Graph (DAG) consensus mechanism. The hybrid design is made to have near-instant finality and high throughput. It can also handle around 35,000 transactions every second, a milestone that could place TON Factory as a tough competitor to other Layer-1 and Layer-2 scaling solutions. TON Factory also backs custom TVM chain deployments and provides customized scaling solutions, aiding ambitious teams to skyrocket the ecosystem.
A Dive in TON’s Price
As per the data from CoinMarketCap, at the press time, Toncoin (TON) is trading around $3.22, and it has decreased by 1.77% in the past 24 hours. The overall trading volume has also decreased by 14.42%, taking it to $106.92 million. Talking about its market capitalization, it is also at $8.11 billion. The community is showing a bullish sentiment, however, it has also declined gradually from yesterday’s 83% to 79% on April 30.
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