The Open Network

Q2 2023 Results Actively adopting DeFi, optimizing tokenomics, and steadily following the roadmap: https://blog.ton.org/ton-q2-2023-results

Liquid staking Liquid staking is the newest solution that allows you to earn staking rewards and use your assets in DeFi at the same time. Liquid staking is more convenient and accessible for users compared to previous staking options, it also allows you to vote for network updates without having a lot of Toncoins. Smart contracts for liquid staking developed, and you can participate in testing them by the test application. After the testing phase, the source code of the smart contracts will be published under an free open-source license. You can find more details in the documentation. The Tonstakers team has already announced the creation of a custom service based on these contracts. Alternative available - in partnership with DWF Labs, Bemo successfully launched its own liquid staking protocol.

Developer Tools You should definitely try the latest TON developer tools if you haven't already. We recommend to use the ton.js library, the Blueprint environment, and the IntelliJ IDEA plugin for the development, testing, and deployment of FunC smart contracts. For dApps there is TON Connect and a number of APIs: tonapi.io, toncenter.com, TON Access, dTON GraphQL. These tools make TON developing convenient and enjoyable. For payment services, the time-tested tonweb (which we plan to refresh and make a "library for paranoids" as much as possible getting rid of third-party dependencies), locally runned ton-http-api and ready-made code examples are well suited. To run your own TON node, please use mytonctrl or GetBlock.

TON wallet becomes an encrypted messenger https://blog.ton.org/ton-wallet-becomes-an-encrypted-messenger

Intermediate results of Rainbow Cross-Chain development for The Open Network Roman Nguyen shared at the BUIDL Vietnam 2023 our significant results in the development of a unique cross-chain solution that works absolutely without intermediaries and private keys, and checks all data on smart contracts. https://blog.ton.org/intermediate-results-of-rainbow-cross-chain-development-for-the-open-network

Token bridge fee Starting June 26, 12:00 UTC, in the token bridge, the commission for transferring tokens from the TON network to the Ethereum network will be 1 TON plus 0.1% of the transfer amount. The commission for transferring tokens from the Ethereum network to the TON network will remain unchanged - exactly 1 TON.

Validators voted to activate50% network feesburning By this time, the first 1000 TON have been burned 🔥

Validators please vote for or against the proposal to burn 50% network fees. Proposalinfo » Public poll results » How to vote »

💎 The Locker bug bounty event Task: Find vulnerabilities in the Locker smart contract. Prize fund: Up to 50'000 TON Deadline: 23:59 on June 30th (UTC) Who can participate: Everyone How to submit: Open issue on github

🛡️ Discussion on updating the TON address format TON is a blockchain designed for mass adoption. As part of this endeavor, we propose to add several guidelines and make small changes to the address format. The goal is to ensure that even inexperienced users who mistakenly send funds to the wrong place do not lose their funds and have them returned in most cases. We encourage all developers to join in the discussion regarding the TON address format. This proposal focuses on changes that almost completely maintain backward compatibility. However, we are open to discussing other proposals, including more radical ones. TEP discussion »

Big TVM update The most significant TON Virtual Machine update so far – extended cryptography, arbitrary-precision arithmetic, and new instructions – this update will make TVM one of the most versatile virtual machines around and allow developers to create an even more diverse range of smart contracts, services, and products on TON. We invite everyone to take part in the programming contest with 30,000 TON prize pool and showcase their best use of the new TVM features or take part in the bug bounty program receiving a reward for found bugs and vulnerabilities of the new TVM in the testnet. Read more »

Tokenomics deflation mechanism The latest TON updates (2023.04,2023.05) were devoted to optimization, security, and stability. Today's TON update (2023.06) introduces a new Toncoin deflation mechanism: 🔥 Burning part of the network commission. 🕳 Black hole – if you send Toncoin here, it will completely disappear and be deducted from the total supply. Network-wide voting for the activation of this functionality is scheduled for June 15th. Read more »