On the real network, a new competition is held on the theme of testing the node written in the Rust programming language, developed with the aim of breaking the world bandwidth record of blockchain protocols.
The current node on the Free TON was written in C ++ code and is currently capable of processing thousands of transactions per second. At this point, sharding plays an important role, as it is possible for smart contracts to work at the same time.
A node written on Rust runs processes in parallel, giving results significantly faster. Rust Cup organizers believe Free TON has the potential to outperform even Solana, which claims to be the fastest blockchain platform with a capacity of 50,000 transactions per second.
“An important event for the whole industry”
The Rust Cup was first announced in December 2020 and is scheduled to begin in February. Although the competition has not started yet, preparations continue at full speed.
Anatoly Ustinov, one of the validators, said: “The implementation of the node developed by the Mitja Goroshevsky team is an important event not only for Free TON, but for the entire industry. . “
There is now an incentive for more validators to join the network. It gives them a chance to continue their commitment to blockchain and be proud of the development of technology that can inexorably increase network performance. It is planned that what will emerge at the end of this competition will be a cornerstone in the history of blockchain and the winners will win big prizes. Those who want to get involved in the event just need to join the international validators group on Telegram.
More information about Free TON here
How will the contest take place?
200 validators are expected to win in the Rust Cup, and the prizes offered will vary according to their rank. Special rewards are also determined for those who detect errors in the protocol of a node or platform.
Validators have started preparing for the first release of rustnet and a pre-launch simulation of how the network will work has already been done.
According to the competition rules, each competitor will be given an equal share of the DePool contract they must participate in. The winner among the participants who will stake during the event will be determined by the amount of reward they receive.
Participants; They have been warned to be prepared for network reboots, node failures, errors, protocol changes, and other attacks. These kinds of problems will be part of the competition.
A leaderboard has also been created for the Rust Cup. Here, the audience will be able to find out how each competitor is progressing in real time.
Rust Cup; It was announced right after news that TON Labs, the development arm behind the Free TON blockchain network, raised $ 6 million in an investment round led by risk startup Runa Capital.
This investment will be spent on creating a new product environment for the Free TON blockchain. Runa Capital says that TON Labs is the only blockchain company that has allocated direct funding.
Runa Capital’s partner, Dmitry Chikhachev, said the firm saw strong potential in Free TON’s high-performance, decentralized computing platform, adding: “The team is clearly different from their sophisticated approach and the open source TON project itself compared to other initiatives in the blockchain space. He is excited to support such a unique project. “
Learn more about Free TON
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