With the release of its Catchain 2.0 upgrade, The Open Network has greatly increased transaction speeds and given the network almost instantaneous finality.
Payments settle in roughly one second, and block times have decreased to just 400 milliseconds. This is a significant advancement for blockchain usability and brings TON closer to the functionality of traditional apps.
With more than a billion users globally, Telegram is strongly associated with the network. This integration increases the accessibility of digital payments by enabling users to send cryptocurrency right within the app.
The upgrade, however, also leads to higher inflation. Validator rewards increase as more blocks are created, resulting in an annual inflation rate of about 3.6%.
Despite these drawbacks, the update makes staking and network participation more appealing.
It also signals TON’s ambition to compete with high-performance blockchains in the race for mainstream adoption.
Source: X.com
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