Despite the successful resolution, the incident once again highlighted the underlying centralization issues prevalent in Layer 2 blockchain networks.

From September 4th, this new token will replace $MATIC as the primary medium for transaction fees and staking on the Polygon network.

TON Applications Chain will allow Ethereum developers to access the TON ecosystem. The project is backed by The Open Platform (TOP) labs, which co-built Notcoin and Wallet earlier.

A new Layer 2 network on top of TON is set to bridge the gap between Ethereum and TON, offering Ethereum developers easy integration into the TON environment.

The project’s large marketing spending has concerned token holders because it has not led to visible improvements or increased adoption.

The company has partnered with XDC Network, a blockchain specifically designed to support trade finance and the tokenization of real-world assets.

The pull oracle enables users to retrieve prices on-chain only when necessary. This approach enhances existing oracles by eliminating the transaction costs that oracles and data providers typically incur, allowing Pyth to scale in ways traditional oracles cannot.

The users and miners will have to vote on whether they want to continue funding the work of the Foundation.