TON reducing network feesTL;DR: TON network fees have been reduced by 3x across the board in response to Toncoin’s recent growth.
We are excited to announce a series of updates aimed at reducing network fees, enhancing the scalability and accessibility of TON Blockchain. These updates are a testament to TON’s continuous efforts to innovate, encourage greater activity within the TON Ecosystem, and put crypto to every pocket.
Key updates:USDt Jetton discountStarting April 16th, there is a special discount for Jetton-with-governance transactions like USDt. Fees were reduced to 0.02 TON from 0.032 TON for the first transaction, and subsequent transactions are now only 0.0145 TON.
Global fee reductionValidators have approved the TON Core Dev team's proposal for a further 3x reduction in transaction fees. The cost for the first Jetton-with-governance transaction is now ∼$0.06, with subsequent transactions at ∼$0.04, assuming 1 Toncoin = $7. Please note that these costs will fluctuate with Toncoin’s value.
Introduction of precompiled smart contractsIn the next node update, the TON Core Dev team will introduce the ability for smart contracts to be precompiled. This means that the most popular smart contracts, written in C++, will be embedded directly in the node, bypassing the need for TVM execution. This adjustment reduces resource consumption and, consequently, the fees associated with these contracts.
These updates are aimed at making TON,
the world's most scalable blockchain, stand out as the most affordable option for projects seeking mass adoption.
Stay tuned for more important updates to come!
