👉👉Bitcoin Move Made by TON, One of the Most Talked Altcoins of the Latest Period👈👈
The Open Network (TON) Foundation, the manager of the Telegram-based blockchain network TON, announced that a new infrastructure aiming to increase the use of Bitcoin on the platform will be activated soon.
This new infrastructure is called TON Teleport BTC and is designed to facilitate transfers between Bitcoin and TON. Its main purpose is to expand the uses of Bitcoin in the TON ecosystem, especially regarding decentralized exchanges, lending protocols and other DeFi tools.
TON's technical manager Anatoliy Makosov described the functionality of the new feature as follows: "You can transfer Bitcoin to TON and back using TON Teleport." Makosov stated that this technology is decentralized and secure and said, “All transactions are carried out through smart contracts and approved by TON blockchain validators.”
Makosov also emphasized the advantages of the new feature in terms of security and ease of use and said, "Storing and using Bitcoin in TON is as safe as the security of the Bitcoin network, but much cheaper and more practical."
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