🧞 Making blockchain for retails users - TAC

L2 for retail users

Dec 02, 2024

Gm and happy Monday frens🖖

It is said that TON will become a "WeChat of the Web3 World" or "WeChat of the West" with it's integration of messenger, miniapps and crypto wallets.

The blockchain has already gained 950 million potential users through integration with Telegram.

One of the projects that has tapped into this user base is TAC, which wants to bring ETH apps into the TON ecosystem.

How they plan to do it:
📊 TON-chain for developers
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🛠️ Deep-dive: L2 for retail users

TAC positions itself as a blockchain extension rather than a traditional Layer 2. Its primary purpose is to bridge the Ethereum Virtual Machine ecosystem with the TON, leveraging Telegram's vast user base and TON’s blockchain capabilities.

Keynote by Pavel Altukhov, Co-founder & CEO of TAC. Watch the full presentation here.

What is TAC doing?

At its core, TAC enables developers to deploy Ethereum-based applications seamlessly onto TON. This process does not require rewriting code or undergoing time-consuming and costly re-audits. TAC achieves this by employing cross-chain messaging and trustless bridging, ensuring secure and efficient interactions between the two ecosystems.

A key feature of TAC is the ability for applications to be directly integrated into Telegram as mini-apps. These apps are accessible from within the Telegram interface, providing users with a familiar environment while simplifying access to blockchain-based services. This functionality eliminates the need for external platforms or complex onboarding, creating a smooth user experience that encourages adoption.

Brief history of TON

TON is a blockchain that has its roots in a project initiated by Nikolai Durov, the brother of Telegram founder Pavel Durov. Initially conceptualized in 2017, TON faced challenges that prevented its launch. However, it was later revived and developed by a dedicated community, becoming The Open Network.

In 2023, TON has formed a partnership with Telegram, one of the largest messengers outside the U.S. and China, with over 950 million monthly active users. This partnership introduced blockchain directly into Telegram, giving the platform's user base access to Web3 functionalities.

One of TON’s killer features is the integration of a native wallet within Telegram. This wallet allows users to onboard into Web3 with just a few clicks, significantly reducing the barriers to entry for non-crypto folk. Users can easily send and receive assets like USDT through Telegram’s native wallet, even if the recipient is unaware of their wallet’s existence. This effortless onboarding experience is crucial for mass adoption, as it simplifies complex blockchain interactions for everyday users.

Developer and user value:

TAC creates value for both developers and users by bridging Ethereum's mature ecosystem with Telegram’s distribution network.

For Developers:

Ease of Deployment: developers can deploy their existing EVM-compatible applications on TON without modifying code or conducting re-audits, saving time and resources.
Ecosystem Access: TAC enables Ethereum developers to access TON’s blockchain and Telegram’s massive user base, significantly expanding their reach.
Growth in Metrics: by facilitating seamless integration, TAC boosts key blockchain metrics such as TVL, wallet adoption, and transactional activity on TON.

For Users:

Integrated Experience: Telegram users can access blockchain-based applications without leaving the app, leveraging familiar interfaces and streamlined processes.
Simplified Onboarding: features like two-click wallet setups and easy asset transfers lower the barriers for non-crypto-savvy users, driving wider adoption.
Enhanced Liquidity: TAC bridges liquidity from Ethereum’s ecosystem into TON, increasing overall transactional volume and improving the ecosystem’s token capital velocity. This metric reflects how efficiently capital flows through the system, indicating active usage rather than idle holdings.

By focusing on these areas, TAC transforms Telegram into a powerful Web3 gateway, blending the best of Ethereum’s ecosystem with TON’s accessibility.

Ecosystem impact:

TAC introduces a EVM Layer-1 blockchain that connects ETH-based applications with TON blockchain. This allows developers to deploy their applications on TAC without re-architecting their systems, enabling effortless integration into TON’s ecosystem. Once deployed, these applications become instantly accessible via TON wallets, which are deeply integrated into Telegram.

By bringing Ethereum applications to TON, TAC introduces these apps to a massive new audience within Telegram’s ecosystem. Developers no longer have to compete for users in traditional blockchain markets; instead, they can tap into Telegram’s 950 million monthly active users, opening the door to mass adoption.

TAC also enhances TON’s ecosystem by bridging Ethereum’s liquidity into TON, ensuring that both ecosystems benefit from increased transactional activity. This contributes to the key metric of token capital velocity, which measures how actively tokens are used in transactions rather than sitting idle.

In addition, TAC simplifies the development process by making EVM-compatible smart contracts fully functional within TON’s environment. This hybrid approach enables advanced DeFi applications and other use cases that would otherwise require extensive redesigns.

By creating a seamless user experience through Telegram mini-apps, TAC positions itself as a catalyst for mass Web3 adoption. Its ability to simplify blockchain interactions for developers and users alike ensures its role as a transformative player in the blockchain space.

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