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TON Blockchain Update Boosts Speed Tenfold

TON Blockchain Update Boosts Speed Tenfold

TON network activated Catchain 2.0, boosting throughput tenfold with majority approval.

On April 9, the TON network activated the Catchain 2.0 update, increasing throughput tenfold. The initiative was approved by a majority vote (over 85%).

Pavel Durov announced the successful upgrade in a separate post. According to him, the blockchain now creates blocks six times faster, and transactions occur “instantly, in less than a second.”

“This was the first of seven steps to Make TON Great Again (MTONGA). The next step: reduce the already low transaction fees by six times,” he added.

According to TON developers, after Catchain 2.0, block creation time has been reduced to 400 ms across the network.

While block mining rewards remain unchanged, the update will temporarily increase validator income by reducing intervals. The blockchain will also continue to use the mechanism of burning 50% of transaction fees.

However, a proposal to reduce the reward is up for a vote: from 1.7 TON to 0.35 TON in the masterchain, and from 1 TON to 0.2 TON in the main network. The deadline is set for June.

This initiative aims to curb the growth of the annual inflation rate of the TON token. With current rewards and accelerated block issuance, the rate could rise from 0.6% to 3.6%.

Following the update release, the TON rate increased by 2% over the day. However, the coin has been in a prolonged correction for over a year, having dropped 57% in the past 12 months.

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15-minute chart of TON/USDT on Binance. Source: TradingView.

Back in February, developers of the non-custodial TON Wallet integrated into Telegram launched Bitcoin, Ethereum, and USDT storage for passive income.

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