Recently , TONResearch have release a blog about a newly TON payment system .
Here are some core inforamtion :
The TON Payment Network is a revolutionary peer-to-peer payment framework, designed to facilitate transactions across the TON Blockchain with unmatched efficiency and security. This document delves into the technical specifications, operational mechanisms, and unique features that set the TON Payment Network apart, providing a comprehensive look at its potential to reshape digital transactions.
The network operates on a decentralized model of payment nodes, which establish connections through smart contracts deployed on the blockchain and utilize the Reliable Datagram Protocol (RLDP) for network communication. These nodes serve dual purposes: as independent entities for transaction facilitation and as integrated libraries within applications for seamless service provision and payment functionalities, such as TON Storage and TON Proxy.
Each node actively monitors blockchain transactions to detect updates related to its contracts, such as the establishment of new contracts or events signaling non-consensual closures. To initiate a connection, a node deploys a payment channel contract specifying both parties’ public keys. Authentication over the network is secured through the exchange of messages signed with channel keys, ensuring integrity and confidentiality.
Virtual channels allow transactions between any two network points via a chain of linked nodes, without requiring direct onchain contracts between every participant. These channels are characterized by their unique keys, lifespans, capacities, and fees. For instance, a virtual channel can be established from node A to C through B, leveraging existing onchain channels (A->B, B->C) for transaction routing. Security against potential breaches in the transaction chain is guaranteed through cryptographic mechanisms and the flexible architecture of the TON blockchain.
More details can be found :
https://tonresear.ch/t/enhancing-financial-transactions-the-ton-payment-network-overview/149