{"id":12906,"date":"2024-04-24T18:15:28","date_gmt":"2024-04-24T15:15:28","guid":{"rendered":"https:\/\/forklog.com\/en\/transaction-fees-on-ton-network-reduced-by-2-5-times\/"},"modified":"2024-04-24T18:15:28","modified_gmt":"2024-04-24T15:15:28","slug":"transaction-fees-on-ton-network-reduced-by-2-5-times","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/transaction-fees-on-ton-network-reduced-by-2-5-times\/","title":{"rendered":"Transaction Fees on TON Network Reduced by 2.5 Times"},"content":{"rendered":"<p>Developers of The Open Network (TON) blockchain <a href=\"https:\/\/t.me\/toncoin\/1274\">announced<\/a> a 2.5-fold reduction in transaction fees within the network, a decision approved by validators.<\/p>\n<p>The transaction costs will vary depending on the native token&#8217;s value in US dollars. At a price of $7 per TON, the fee for the first transaction with <span data-descr=\"altcoins based on TON\" class=\"old_tooltip\">Jettons<\/span> will be approximately $0.06, and ~$0.04 for subsequent ones.<\/p>\n<p>Additionally, since April 16, a special discount applies to USDT transactions based on TON: 0.02 TON instead of 0.032 TON for the first transaction and 0.0145 TON for subsequent ones.<\/p>\n<p>In the next node update, developers will introduce the capability for pre-compiling smart contracts.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe most popular smart contracts written in C++ will be embedded directly into the node, bypassing the need for execution by the <span data-descr=\"TON virtual machine\" class=\"old_tooltip\">TVM<\/span>. This will reduce resource consumption and associated contract fees,\u201d the statement reads.<\/p>\n<\/blockquote>\n<p>At the time of writing, Toncoin is trading at $5.58, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\">CoinGecko<\/a>.<\/p>\n<p>Back in April, plans to reduce fees on the TON blockchain were revealed.<\/p>\n<p>According to the project&#8217;s previously published roadmap for 2024, the introduction of gasless transactions, the Wallet 5.0 update, and the development of a new cross-chain technology called Teleport are expected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers of The Open Network (TON) blockchain announced a 2.5-fold reduction in transaction fees within the network, a decision approved by validators. The transaction costs will vary depending on the native token&#8217;s value in US dollars. At a price of $7 per TON, the fee for the first transaction with Jettons will be approximately $0.06, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1364,1422],"class_list":["post-12906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-the-open-network","tag-toncoin"],"aioseo_notices":[],"amp_enabled":true,"views":"52","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12906"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12905"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}