A new competition is currently underway to test a node written in the Rust programming language with the goal of breaking the world record for producing blockchain protocols on a real network.
The current Free TON node is written in C ++ and is already capable of handling thousands of transactions per second. Sharing plays an important role in this network as it means that smart contracts can be processed in parallel.
The Rust node is believed to be significantly faster due to better parallel operations, and Rust Cup organizers believe Free TON has the potential to outpace Solana, which claims to be the fastest blockchain platform with 50,000 transactions each. Second.
‘An event for the entire industry’
The Rust Cup was announced in December 2020 and was supposed to start in February, but TON is free. Although the competition has yet to start, the warm-up is well underway.
One of them, Anatoly Ustinov, said: “The release of the knot from Mitya Goroshevsky is more than an event for Free TON, it is an event for the entire industry. The work done is so amazing in terms of hours and scientific pressure, it’s unbelievable.”
Auditors are now encouraged to participate, which gives them the opportunity to continue their passion for the blockchain and take pride in developing technologies that can significantly improve network performance. It is a competition made in history, and there is the possibility for competitors who aspire to glory to win big prizes. Those interested in sharing can drop their hat by joining Telegram’s international verification group.
More info from Tons Free here
How the competition will work
Rust Cup winners are expected to be selected, with prizes presented based on their ranking. There are also special prizes for those who discover errors in their host protocol or platform.
Auditors are already getting ready in anticipation of rustnet’s debut, and pre-simulations have already been made of how the network would work.
According to the rules of the race, each contestant will be awarded the exact same bet in the DePool contract to launch, and the winner will be decided based on the rewards they have obtained as a result of the bet at the end of the event.
Participants were warned that they will have to put up with network restart, host errors, bugs, protocol changes, and other unfriendly circumstances – and such issues should be part of the competition.
A Rust Cup leaderboard has also been created, which means viewers can see how each individual contestant is progressing in real time.
The Rust Cup comes on the heels of news that Free TON’s blockchain development arm TON Labs has raised $ 6 million in a round of investment led by venture capital firm Runa Capital.
The funding will go towards developing a new, free blockchain product environment from TON – and Runa Capital states that TON Labs is the only blockchain company to which it has allocated direct funding.
Dmitry Chikachev, General Partner at Rona Capital, said the company sees great potential in its Free TON high-performance decentralized computing platform, adding: “The team, its complex approach, and the open source TON project are fundamentally different from other blockchain organizations. To support such a unique project.”