Summary Points
- TON will slash transaction fees by sixfold to nearly zero ($0.0005), becoming completely fee-less shortly after.
- Recent upgrades have cut transaction finality time from 10 seconds to just 1 second, enhancing speed and user experience.
- The network’s inflation rate is set to rise from 0.6% to 3.6% due to increased rewards from more frequent block production.
- xStocks has integrated into TON, allowing users to buy, hold, and transfer tokenized US stocks like Tesla and NVIDIA within Telegram.
Pavel Durov, the founder of Telegram, announced a major change to the TON blockchain. He said transaction fees will drop to near zero within a week. Specifically, fees will now be reduced sixfold to just 0.00039 TON, roughly $0.0005 per transaction. Importantly, these new fees will stay fixed, no matter how busy the network gets.
In addition, Durov expects most transactions to become completely fee-free soon after. He tweeted that “most transactions go fully feeless,” meaning users won’t pay any fees at all for these actions. This move could make using TON much cheaper for everyone.
Boost for Telegram mini-apps
The TON blockchain supports transactions and mini-apps used inside Telegram. Recently, it upgraded to improve performance by lowering transaction finality time. Now, transactions settle in about one second. This is a big change from the previous ten-second confirmation time.
The upgrade uses Catchain 2.0, a new consensus system. It speeds up block production, generating a new block every 400 milliseconds. This results in faster transaction confirmations and less delay. As a consequence, payments and on-chain actions now happen almost instantly.
The update also led to an increase in validator rewards. Because more blocks are produced, the network’s inflation rate is expected to rise from 0.6% to about 3.6%. Over time, this will influence staking and network security.
Recently, xStocks, a platform owned by Kraken, expanded to the TON ecosystem. It now offers tokenized US stocks like Tesla and NVIDIA inside Telegram’s Wallet. Users can buy, hold, and transfer these stocks directly within the app.
Overall, these developments showcase TON’s push toward more accessible, faster, and cost-effective blockchain services.
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