Wu said that the TON Teleport BTC white paper has been publicly released. The document outlines the basic principles, technical mechanisms and future vision of tgBTC, and explores the architecture for realizing a trustless cross-chain bridge between Bitcoin and TON. TON Teleport BTC is currently only running in the testnet stage. The specific process is that users send BTC to a unique address associated with TON Teleport. After three confirmations on the Bitcoin blockchain, an equal amount of tgBTC will be issued on the TON blockchain. Users can then use tgBTC in the TON ecosystem or redeem it back by destroying tgBTC, which will release BTC back to the user's Bitcoin address. Validators are rotated every 4 hours in TON to ensure continued security and decentralization. The TON Teleport BTC testnet will run until 2025, with the goal of achieving the mainnet conversion in the second quarter of 2025.

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