TON Network Implements Critical Infrastructure Updates in 2024.10 Release

TLDR

• TON blockchain released update v2024.10 and FunC 0.4.5
• Update fixes critical vulnerabilities and improves network performance
• Enhanced synchronization speed and reduced network traffic implemented
• Bug fixes in FunC and TVM functionality improvements included
• Toncoin trading at $4.83, down 2% despite updates

The TON blockchain development team has released update v2024.10 and FunC 0.4.5, addressing critical vulnerabilities and implementing various performance improvements across the network.

The update, published on GitHub, introduces multiple technical enhancements designed to strengthen the blockchain’s infrastructure.

At the core of the update is a renewed focus on system optimization. The development team has improved the speed of synchronization and garbage collection, particularly benefiting systems that operate with slower disk speeds. This enhancement aims to create a more efficient and responsive network environment.

Network traffic reduction stands as another key improvement in the latest release. The update includes measures to minimize data transmission across the network, resulting in more streamlined operations and improved resource utilization.

The development team has also enhanced the creation of channels and lookup processes for Distributed Hash Tables (DHT). These improvements contribute to better network responsiveness and more efficient data management across the blockchain.

Bug fixes in FunC, the network’s programming language, form a crucial part of the update package. These corrections aim to enhance code execution accuracy and reliability within the TON ecosystem.

The update also includes modifications to the TON Virtual Machine (TVM) to boost overall network functionality.

The price of Toncoin, the network’s native token, currently stands at $4.83. Recent market activity shows a 2% decrease in value, with the token trading between $4.77 and $4.95 over the past 24 hours.

Toncoin Price on CoinGecko

Weekly trading data indicates a 5% decline in Toncoin’s value. The monthly performance reveals a more substantial drop of 12%, highlighting the token’s recent downward trend despite the technical improvements.

The update represents the TON development team’s ongoing commitment to maintaining and improving the network’s technical foundation.

By addressing vulnerabilities and enhancing performance metrics, the team aims to create a more robust blockchain infrastructure.

The improvements to synchronization speed particularly target systems using slower disks, making the network more accessible to a broader range of users and operators. This enhancement demonstrates TON’s focus on expanding its operational capacity.

The reduction in network traffic achieved through the update helps optimize resource usage across the blockchain. This improvement can lead to better overall network performance and reduced operational costs for network participants.

Channel creation and DHT lookup improvements contribute to the network’s ability to handle data management tasks more effectively. These enhancements support the growing demands placed on the blockchain’s infrastructure.

The FunC programming language updates address specific technical issues that affected code execution. By resolving these bugs, the development team aims to provide a more reliable environment for smart contract deployment and execution.

The TVM modifications included in the update package further strengthen the network’s ability to process operations efficiently. These changes support the broader goal of creating a more capable and reliable blockchain platform.

The update contains additional technical improvements beyond the main features, though specific details about these changes remain limited in the official release notes. These supplementary enhancements contribute to the overall strengthening of the network’s infrastructure.

The development team released these updates through the standard GitHub repository, maintaining transparency in the network’s technical evolution. This approach allows for community review and feedback on the implemented changes.