Toncoin (TON) is set to implement a new infrastructure called TON Teleport BTC, which aims to enhance the use of Bitcoin within its platform. This move is part of the Open Network (TON) Foundation’s efforts to expand Bitcoin’s applications in the TON ecosystem, particularly in decentralized exchanges, lending protocols, and other DeFi tools.
Anatoliy Makosov, TON’s technical manager, explained that TON Teleport BTC enables users to transfer Bitcoin to TON and vice versa without the need for intermediaries or borders. The transactions are facilitated through smart contracts and verified by TON blockchain validators. Makosov also emphasized the security and convenience of this new feature, stating that storing and using Bitcoin on TON is as secure as the Bitcoin network itself, but with lower costs and greater convenience.
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