The TON blockchain has introduced two crucial updates dubbed v2024.10 and FunC 0.4.5.
By Godfrey Benjamin
Edited by Julia Sakovich
Updated
3 mins read
The Open Network (TON) may have fixed two critical vulnerabilities with its recent release. Specifically, the TON blockchain development team recently rolled out updates v2024.10 and FunC 0.4.5, two fixes to enhance the ecosystem’s performance, efficiency, and reliability.
Published on Github, the new updates include multiple technical enhancements designed to strengthen the blockchain’s infrastructure. The core driving force behind the updates is system optimization. The blockchain development team has previously worked on improving the speed of synchronization and garbage collection.
A massive focus is on benefiting systems that operate with slower disk speeds. This enhancement aims to provide a more efficient and responsive network environment in the long run. Additionally, the enhancement caters to the challenge of network traffic by reducing it. There are also measures to minimize data transmission across the network.
This leads to the availability of more streamlined operations and improved resource utilization. The development team has also worked on creating channels and lookup processes for Distributed Hash Tables (DHT). After all these enhancements and improvements, TON is expected to respond better than it used to.
The new update also solves the bugs in FunC, enhancing code execution and correctness on the TON blockchain. It offers some minor changes in TVM to increase network functionality. The release of this update has directed the market’s attention toward Toncoin. Ultimately, these updates will better serve the TON and Telegram Tap-2-Earn (T2E) game economy in benefit of Notcoin and Hamster Kombat.
For now, the coin is riding a bearish wave with a price level of $4.88. This corresponds with a 0.99% drop in the last 24 hours. Over the past week, the cryptocurrency is equally down by 4.72%. TON has lost 10.15% of its value in the last month, suggesting long-drawn bearish momentum.
Conversely, its trading volume shows investors have yet to exit the TON ecosystem. This particular metric has inked a mild surge of 1.29% to $168.5 million. Analysts remain optimistic about the coin, to the point of speculating a possible $20 price level for TON. Their position is fueled by the rising token holders and market technicalities, further solidifying optimism on the crypto’s future movements.
While this is quite lofty, the introduction of update v2024.10 and FunC 0.4.5 could show that the market sentiment around this coin changes for the better. Prior to this time, TON climbed higher than $8, but the arrest and detention of Telegram founder Pavel Durov in France led to a price crash. This suggests that there is a strong correlation between the blockchain and Telegram.
One metric not significantly affected at the time was the number of processed transactions. In early September, the figure grew to more than 1 billion transactions, proof that users are engaging with the network.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
