What is DuckChain? TON L2 from Arbitrum

Bittime - DuckChain is the first Layer 2 solution for The Open Network (TON) ecosystem. This blockchain comes with an ambitious mission to increase the scalability, transaction speed and interoperability of the TON blockchain with other ecosystems.

So, what is DuckChain? Check out the complete explanation about blockchain layer 2 in this article, come on!

What is DuckChain?

DuckChain is an innovative Layer 2 network built on the TON blockchain. Developed by TONSCALE LABS utilizing Arbitrum Orbit technology, DuckChain aims to address the scalability challenges faced by TON. 

This is done while maintaining the security and decentralization that is the hallmark of its parent blockchain.

DuckChain's uniqueness lies in its ability to bridge the TON ecosystem with the world of Ethereum Virtual Machine (EVM) and Bitcoin. 

With full EVM compatibility, DuckChain opens the door for developers and users to easily switch or integrate their applications into the TON ecosystem.

Balso: Toncoin (TON) Price Prediction 2024 - 2030

DuckChain Architecture

The DuckChain architecture consists of three main components that are integrated with each other:

1. Aggregation Layer: This layer acts as a bridge between TON and DuckChain. Consists of several sub-layers such as:

• Decentralized Oracle Layer: Ensures data verification between DuckChain and TON.
• Decentralized Asset Verify Layer: Secures the flow of assets between networks.
• Intent Collaboration Layer: Manage and transform user intent.
• Requirements Mining Layer: Analyze user needs and behavior.

2. DuckChain Execution Layer: This is the essence of DuckChain, where transactions are executed at high speed and fast finalization.

3. DuckChain Data Layer: Responsible for storing and managing data efficiently and safely.

DuckChain Ecosystem

The DuckChain ecosystem is designed to create synergies between TON, EVM and Bitcoin. With the ability to attract liquidity and users from the EVM and Bitcoin ecosystems, DuckChain has the potential to significantly increase TON's Total Value Locked (TVL) from its current position of around $700 million.

DuckChain also introduced innovative features such as the use of TON tokens as native gas fees. However, with the flexibility to use various other tokens through abstraction. 

This is expected to facilitate better liquidity flow into the TON ecosystem.

Read also: TON Price Skyrockets, This is the 2024 Toncoin Price Prediction!

What are the functions of DuckChain?

DuckChain comes with a variety of functions designed to enhance the capabilities and attractiveness of the TON ecosystem:

1. Increased Liquidity: With TON's Total Value Locked (TVL) currently around $700 million, DuckChain aims to increase liquidity significantly. By facilitating the flow of liquidity from the EVM and Bitcoin ecosystems, DuckChain plays an important role in “watering” the previously “dry” DeFi TON lake.
2. Transaction Fee Innovation: DuckChain uses the TON token as a native gas fee, but also introduces flexibility by allowing the use of multiple tokens for gas payments through abstraction. This opens up opportunities for more users and liquidity from the EVM and Bitcoin ecosystem to enter TON via DuckChain.
3. Friendly Development Environment: DuckChain provides an EVM-compatible environment, making it easy for developers to switch or develop applications on top of TON. This removes TON setup complexities that may previously have hindered developer adoption.
4. Integration with Telegram Bots: DuckChain integrates smart contracts with Telegram Bots, turning previously complex tasks into easier and more intuitive ones. This improves accessibility and user experience in interacting with the TON ecosystem.
5. Bridge Between Ecosystems: As the first non-Ethereum Orbit Chain built on TON, DuckChain serves as a bridge connecting TON with the Ethereum and Bitcoin ecosystems, opening up opportunities for cross-platform innovation.
6. Performance Improvements: Thanks to collaboration with the Arbitrum Foundation and Offchain Labs, DuckChain brings innovative features and superior performance to the TON ecosystem, driving efficiency and scalability.
7. Blockchain Innovation Center: DuckChain aims to transform TON into a dynamic and fast-growing blockchain center of excellence, attracting more developers, users, and innovators into the ecosystem.

What Is DuckChain Bot?

As previously mentioned, DuckChain has its own bot, namely DuckChain Bot. However, the Telegram bot is still in beta or early development.

DuckChain Bot itself is a Telegram-based user interface that allows easy interaction with the DuckChain ecosystem. This bot offers various features such as airdrops, asset management, and participation in community activities, making it a user-friendly gateway to the world of DuckChain.

Conclusion

DuckChain is emerging as an innovative solution that has the potential to change the TON blockchain landscape. With a focus on interoperability, scalability, and enhanced user experience, DuckChain aims to bring TON to the forefront of blockchain innovation. 

Although still in its early stages, DuckChain's potential to revitalize the TON ecosystem and attract mass adoption is worth keeping the global crypto community watching.

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