TON Blockchain Welcomes 2 Key Updates, Here’s What Changed

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As a seasoned crypto investor with a knack for spotting potential, I find the recent developments surrounding The Open Network (TON) quite intriguing. Having witnessed the meteoric rise and fall of numerous digital assets, I’ve learned to read between the lines and anticipate the market’s reactions.

In their latest update, The Open Network (TON) appears to have addressed two significant issues. More specifically, the TON blockchain development team has introduced versions v2024.10 and FunC 0.4.5, which are designed to improve the performance, efficiency, and dependability of the ecosystem.

New Update Bring Technical Enhancements to TON

Updates recently made available on GitHub focus on numerous technical advancements, aimed at fortifying the underlying structure of the blockchain. The main motivation for these changes is to optimize the system. Previous efforts by the blockchain development team centered around accelerating the process of synchronization and enhancing garbage collection efficiency.

The primary concern lies in improving systems that function with lower disk speeds, aiming for a smoother and quicker network performance over time. This upgrade also tackles the issue of high network traffic by lessening it, and it includes strategies to cut down on data transfer within the network.

These advancements result in smoother workflows and more efficient use of resources. Our development team has additionally focused on establishing communication paths and lookup procedures for Distributed Hash Tables (DHT). Following these updates, we anticipate that TON will perform superiorly compared to its previous performance.

The latest version fixes issues within FunC, improving the efficiency and accuracy of code execution on the TON blockchain. It introduces slight modifications to TVM to boost network capabilities. This update has shifted focus towards Toncoin in the marketplace. In the end, these improvements will advantageously support the TON and Telegram Tap-2-Earn (T2E) economy, benefiting Notcoin and Hamster Kombat.

TON Price Looks Bearish

Currently, the price of the coin is on a downtrend, sitting at $4.88. This represents a decrease of 0.99% over the past day. Over the last week, it’s also seen a decline of 4.72%. The previous month has seen TON losing approximately 10.15%, indicating a prolonged bearish trend.

Instead of investors selling off their TON tokens, the trading volume indicates they’re still active within the TON ecosystem. This specific metric has experienced a slight increase of 1.29%, reaching $168.5 million. Analysts are upbeat about the coin, even predicting a potential price level of $20 for TON. Their confidence stems from the growing number of token holders and market trends, reinforcing optimism regarding the cryptocurrency’s future direction.

With the arrival of update v2024.10 and FunC 0.4.5, it appears that the public’s perception of this cryptocurrency might be improving. Before these releases, TON had surpassed $8 in value, but the arrest and detention of Telegram founder Pavel Durov in France caused a significant drop in price. This seems to indicate a strong connection between the blockchain technology and Telegram.

At the given point, the total number of completed transactions didn’t show a substantial change. However, it’s important to note that by early September, this count surpassed 1 billion, indicating active user interaction with the network.

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2024-11-01 16:29