TON Teleport BTC: The TON Foundation Announces a New Cross-Bridge Service to Enhance Bitcoin Utility on TON

The TON Foundation has announced a significant advancement with the upcoming launch of its Cross-Bridge service, TON Teleport BTC.

The TON Foundation has announced a major development with the upcoming launch of its Cross-Bridge service, TON Teleport BTC. This development will allow users to transfer Bitcoin to and from the TON blockchain, opening up new possibilities for managing assets securely and efficiently.

The new ‘Teleport’ is a decentralized, transparent, and trustless solution designed to ensure the security of digital assets while facilitating participation in decentralized finance (DeFi) activities on The Open Network. Users will be able to access decentralized exchanges (DEX), DeFi applications, and lending platforms within TON.

“This infrastructure will provide boundless technology within the ecosystem,” highlighted Anatoliy Makosov, technical lead at TON. All transactions will be carried out by blockchain validators and executed through smart contracts without the need for intermediaries, ensuring transaction security and reliability. This also reduces costs and increases convenience for users who wish to store and use BTC. Each Bitcoin transferred through the ‘cross-bridge’ will be backed by an equivalent BTC during the bridging process, ensuring the security of the transaction.

The Rise of TON: Telegram GamesIn other news, the TON blockchain has continued to grow steadily and gain popularity largely thanks to the Telegram-based games that utilize Play-to-Earn mechanics. One game, Hamster Kombat, has managed to capture the attention of millions of users, achieving exponential growth in a matter of months. Its success has boosted the value of the network’s native token, Toncoin, which is currently trading at $7.22, attracting both players and investors alike.

Hamster Kombat boasts more than 10 million users since its launch and has also seen a massive increase in its YouTube presence, gaining over 20 million new subscribers in a short period of time. The anticipation for future airdrops on the TON blockchain has kept the community excited, especially after the success of Notcoin’s airdrops.

These new developments are sure to help the foundation position its blockchain in a prominent place within the industry, offering technological innovations and attractive opportunities for both investors and players.

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