Orbit Bridge Now Supports TON Network

Hello, Orbit Chain Community!

Orbit Bridge now supports the TON (The Open Network) network.

Please check the details below.

■ Table of Contents

1. TON (The Open Network)

2. Orbit Bridge: Validators

3. Orbit Bridge: Supported Blockchains (Layer 2)

4. Orbit Bridge: Supported Wallets

5. TON ↔ WTON Gateway

6. New DEX: Megaton Finance

1. TON (The Open Network)

TON (The Open Network) is a decentralized layer 1 blockchain designed by Telegram to onboard billions of users. It is a project promoted by Telegram, a global messenger with 700 million monthly active users (MAU), and is being developed by the developer community as it transitions to open source in the future. With the recent update of the wallet function in Telegram, the use of Toncoin, a native token of the ton blockchain, is also increasing.

- Block and finalization time
TON generates a new block on each shardchain and the masterchain approximately every 5 seconds. New blocks on all shardchains are generated around the same time. And a new block on the masterchain is generated about one second later because it must contain the hashes of the latest blocks of all shardchains.

- Performance
TON is a Turing-complete and high-performance blockchain that can accommodate any transaction complexity on a masterchain and all of its workchains. Turing-complete means that a programming language or abstract machine has the same computational power as a Turing machine so that programming language or abstract machine can solve computational problems.

- Scalability
TON supports workchains and dynamic sharding. The system can potentially accommodate up to 232 workchains, each of which can be subdivided into up to 260 shardchains with near-instant cross-shard and cross-chain communication, resulting in millions of transactions per second.

The TON blockchain remains one of the few truly scalable blockchain projects as of 2022. As such, it is still the most advanced blockchain project, capable of performing millions and, if it becomes necessary in the future, tens of millions of true Turing-complete smart contract transactions per second.

TON has evolved remarkably over the past five years since its inception and is still at the forefront of general-purpose blockchain technology. Since 2017, the effectiveness of the architectural approach proposed in the Thon white paper has been further verified by the high performance proven in various testnets and mainnets based on the Thon technology implementations developed over the past few years. TON has an edge over Ethereum and Solana in terms of design and implementation and can be the ultimate solution to meet the high expectations of developers and communities under the blockchain analysis of TON’s official website.

TON’s uniqueness is not limited to the blockchain itself. Above all, TON has the potential that can combine to in various ways with Telegram Messenger, which boasts an MAU of 700 million people. It is a particular advantage that cannot be found in other blockchains. The TON ecosystem already has hundreds of chatbots and web apps (wallets, bridges, mining, channels, chats, social networking, gambling, etc.).

TON has basic infrastructure and the potential to leverage Telegram but from the perspective of the entire blockchain ecosystem, the TON ecosystem is currently in a state of isolation. Since it is a non-EVM blockchain, it is not compatible with the EVM Union based on Ethereum. Moreover, the language for implementing smart contracts uses FunC rather than Solidity, so the barrier to entry for developers is relatively high. It is not much different compared to the major non-EVM blockchains. Solana, Polkadot, Cosmos, and Elrond are also building a blockchain ecosystem with their own technological prowess and cultural diversity.

The compatibility with Telegram is also similar. Despite TON having numerous channels, chats, chatbots, and social networking, there is no pivotal figure (killer dapps: DEX, lending, yield farming, multi-bridge, DAO governance, etc.) that will drive continuous onboarding of Telegram users. In other words, TON has no leading protocol and definite pivotal figures such as Uniswap (Ethereum), KLAYswap (Klaytn), and Pancakeswap (BNB).

The Orbit Chain team kept a close eye on the TON blockchain ecosystem, which has clear advantages and disadvantages. Finally, we confirmed the connection to the TON blockchain and entry into the TON ecosystem based on the eight reasons below.

1. TON has a clear goal of onboarding billions of users.
2. TON intends to achieve the popularization of blockchain by combining it with Telegram.
3. TON wants to enter a cross-chain ecosystem by connecting Bitcoin and EVM blockchains.
4. We want to transfer the DNA of success achieved in the Klaytn ecosystem to a global project (TON).
5. The TON Blockchain can create strong synergy with the Orbit Chain that connects everything.
6. Orbit Chain can solve the problems of openness, scalability, and interoperability of TON.
7. Orbit Bridge’s massive cross-chain liquidity (USDT, USDC, DAI, MATIC, etc.) could be the starting point for pulling TON into the multi-chain universe.
8. Orbit Chain Team (Ozys) can provide total solutions (Bridge, DEX, DeFi, Explorer, Chatbot, Wallet, etc.).

Despite these good reasons and justifications, connecting TON, a non-EVM blockchain, to the Orbit Bridge has never been smoother.

[Contract]

• If an error occurs within a transaction, rollback is not possible for the entire transaction, so rollback is implemented directly at the code level.
• Sending messages is asynchronous, so there is no way what message will arrive first.
• Since one contract cannot directly access the storage of another contract, it must send a message to another contract and then call back to read the returned message value.
• Non-object-oriented programming languages (TON: FunC, Ethereum: Solidity, Solana/Polkadot: Rust, EOS: C++).

[Validator]

We added the signature as TON uses EDDSA ed25519 curve signature verification.
*All existing supported blockchains use ECDSA secp256k1 curve signature verification.

The Orbit Chain team proceeded with the TON blockchain connection with the above problems and limitations in mind and finally opened the door to even building a new DEX. Our research experience and accumulated know-how on EVM blockchains such as Ethereum and Polygon, as well as non-EVM-based blockchains such as Ripple and Stacks were also of great help in this connection. Orbit Bridge, the first multi-chain bridge connected to TON, will support the infinite expansion of the fragmented TON ecosystem and will be at the forefront of establishing a link between the web3-based TON ecosystem and Telegram, the web3-based messenger service.

2. Orbit Bridge: Validators

- TON Layer 1 Validators (11): Ozys, B-Harvest, Cosmostation, DSRV, M-block, DeSpread, NEOPLY, TON Foundation, TEB, FS Labs, Move Labs

Orbit Bridge is a decentralized cross-chain bridge, and when bridging all tokens, 100% of all assets go through data verification by the governance agreement of the on-chain validator group. NEOPLY, TON Foundation, TEB, FS Labs, and Move Labs have newly joined the TON Validator Group with the existing validators, Ozys, B-Harvest, Cosmostation, DSRV, M-block, and DeSpread.

TON Foundation & FS Labs
First Stage Labs is a venture studio focused on developing and scaling Web3 startups for mass audiences. Andrew Rogozov, the ex-CEO of Eastern Europe’s largest social network, VK.com (formerly, VKontakte), is the General Partner of First Stage Labs and one of the founding members of the TON Foundation. The TON Foundation is a non-profit organization dedicated to ensuring the future of The Open Network blockchain (ton.org), which was initially built by the Telegram team and then expanded by the open-source community.

NEOPLY
NEOPLY is a specialized blockchain company working to popularize blockchain since 2017. They operate blockchain nodes with various consensus algorithms such as PoS, DPoS, PoA, and LPoS. They are striving to support stable networks based on our experience in node operation, and they are also working hard to develop blockchain dapps and support wallets.

TEB (Ton Ecosystem Builder)
TEB is an ecosystem builder developing infrastructure and incubating projects to realize the immense potential of the TON blockchain layer. TEB aims to build the blockchain ecosystem for TON by enhancing the adoption of the network. They will create several community-based ecosystems revolving around applications.

Move Labs
Move Labs aims to enable developers, enterprises, and people worldwide to build next-generation Web3 applications, launch modern infrastructure, and access the decentralized web.

3. Orbit Bridge: Supported Blockchains

- TON Layer 2 Networks (12): Ethereum, BNB, HECO, Avalanche, Polygon OKC, Gnosis Chain, Klaytn, Moonriver, Celo, Fantom, Orbit Chain

In total, we have completed deploying TON layer 1 (vault), which works with consensus among 11 validators, and layer 2 (minter), which consists of 12 chains. All tokens on the TON network are can be converted to 12 networks, including Ethereum and BNB. oTON tokens can be utilized in major protocols such as KLAYswap and Meshswap. Please check the announcements of each protocol for details on the oTON liquidity pool.

Currently, token bridging to TON Layer 2 is possible for Polygon (MATIC, MESH), Ethereum (ETH, USDC, USDT, WBTC, etc.), and Klaytn-based assets (KLAY, KSP).

4. Orbit Bridge: Supported Wallets

Orbit Bridge supports TON Wallet and Tonhub. In the future, along with Tonkeeper, we plan to integrate Tonic and OpenMask, which provide the most similar user experience to Metamask.

TON Wallet
TON Wallet allows fast and secure blockchain-based payments without intermediaries. TON Wallet allows you to store, transfer and receive coins on the TON blockchain. You can create a wallet or import an existing one with one click.

Tonhub
The future of crypto must contain high speed, low fees, and complete decentralization. Toncoin combines all of these benefits, and Tonhub Wallet makes them easy to use. They are a team dedicated to making crypto easier to use for the world. They will reach their goal with Toncoin. If you can text, you can crypto.

5. TON ↔ WTON Gateway

TON ↔ WTON Gateway provides a service that converts Toncoin (TON) into Jetton standard Wrapped Toncoin (WTON). WTON is a Jetton token standard developed since the launch of TON (The Open Network), which defines how tokens are transferred on the TON network and how to maintain a consistent transfer record between tokens. WTON is the first Jetton standard token backed 1:1 with TON.

Wrapping means that the token equivalent to TON, called WTON, is traded through a smart contract rather than packaging. You can convert from WTON back to TON by utilizing the unwrap function.

Originally, TON is not compatible with other EVM-based coins and altcoins on the TON mainnet. However, wrapping TON (WTON) makes it compatible and transferable with other EVM-based tokens in DApps on the TON mainnet. As such, WTON is a token with the flexibility of the Jetton standard, which can extend the scope of use of TON, the underlying currency built on the TON blockchain. In other words, WTON is a solution to the interoperability problem of blockchain. We expect that WTON will not only emerge as a bluechip crypto asset used in various DeFi protocols, including Megaton Finance, a DEX based on the TON blockchain but also become a medium to connect users to and from the multi-chain universe.

6. New DEX: Megaton Finance

Megaton Finance is an AMM-based DEX based on the TON blockchain developed by Ozys. Megaton Finance will play a key role in strengthening the TON ecosystem by integrating the TON network and Orbit Bridge. Megaton Finance will develop into a DeFi protocol that embraces users in the multi-chain universe and will lead the strengthening and expansion of the ton ecosystem by securing the liquidity of major assets such as ETH, WBTC, USDT, USDC, DAI, and MATIC at an early stage. Ultimately, we want to realize the perfect combination between Megaton Finance and Telegram Messenger, as well as achieve the goal of a global DeFi protocol that embraces both DeFi users and 700 million Telegram users of various existing blockchains.

Megaton Finance, which contains the philosophy of the Orbit Chain team towards a cross-chain ecosystem & multi-chain universe, will be revealed in January next year. We will announce details regarding Megaton Finance through an official medium posting and community as soon as the schedule is confirmed.

Today, the blockchain ecosystem not only continues to fragment but also accelerates the multi-chain universe as numerous blockchains acquire cultural diversity. In response, the Orbit Chain team prioritized the keywords fragmentation and multi-chain universe and selected the blockchain that best matches the priorities in tone. We will faithfully fulfill our mission, “Connecting the Unconnected” once again by connecting the TON blockchain. This move will lead to boosting the value of ORC and developing the Orbit Chain ecosystem.

Please look forward to the future of Orbit Chain, which will create innovations that do not exist in the world. We ask for your unwavering interest and continuous support.

[Official Websites & communities]

• Orbit Chain: https://orbitchain.io
• Orbit Bridge: https://bridge.orbitchain.io
• NFT Bridge: https://bridge.orbitchain.io/nft
• XRP Bridge: https://xrpbridge.app
• Orbit Chain Explorer: https://explorer.orbitchain.io
• Orbit Chain Global Telegram: https://t.me/OrbitChainGlobal
• Orbit Chain Twitter: https://twitter.com/Orbit_Chain
• Orbit Chain Discord: https://discord.gg/orbit-chain
• KLAYstation: https://klaystation.io
• KLAYswap: https://klayswap.com
• Meshswap: https://meshswap.fi
• TON ↔ WTON Gateway: https://wton.dev