{"id":15306,"date":"2024-07-18T10:06:20","date_gmt":"2024-07-18T07:06:20","guid":{"rendered":"https:\/\/forklog.com\/en\/ton-developers-to-build-bitcoin-bridge\/"},"modified":"2024-07-18T10:06:20","modified_gmt":"2024-07-18T07:06:20","slug":"ton-developers-to-build-bitcoin-bridge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ton-developers-to-build-bitcoin-bridge\/","title":{"rendered":"TON Developers to Build Bitcoin Bridge"},"content":{"rendered":"<p>The TON Foundation, the organization behind the development of The Open Network (TON) blockchain, has announced the launch of a cross-chain bridge to transfer bitcoins onto the platform.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Want to unlock new potential for your Bitcoin \u20bf on <a href=\"https:\/\/twitter.com\/hashtag\/TON?src=hash&#038;ref_src=twsrc%5Etfw\">#TON<\/a>? ?<\/p>\n<p>? Introducing TON Teleport BTC, aiming to enhance Bitcoin utility on TON!<\/p>\n<p>Dive into this thread to learn more ?\u2b07\ufe0f <a href=\"https:\/\/t.co\/M9gmUElvaJ\">pic.twitter.com\/M9gmUElvaJ<\/a><\/p>\n<p>\u2014 TON ? (@ton_blockchain) <a href=\"https:\/\/twitter.com\/ton_blockchain\/status\/1813603873791046054?ref_src=twsrc%5Etfw\">July 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the announcement, the TON Teleport BTC solution is designed to engage holders of the first cryptocurrency in DeFi activities.<\/p>\n<p>The infrastructure will enable interaction with decentralized exchanges, lending platforms, and other applications within the TON ecosystem.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAll transactions are executed using smart contracts and verified by TON validators. Storing and using bitcoins on the blockchain is as secure as in the cryptocurrency&#8217;s own network, but significantly cheaper and more convenient,\u201d explained TON&#8217;s technical lead Anatoly Makosov.\u00a0<\/p>\n<\/blockquote>\n<p>Each BTC on TON will be backed by real bitcoin through a teleportation process to ensure transactions.<\/p>\n<p>The launch of TON Teleport BTC is expected \u201clater\u201d this year.<\/p>\n<p>The total value of locked assets in the TON network has reached $744 million, according to <a href=\"https:\/\/defillama.com\/chain\/TON\">DeFi Llama<\/a>. The $600 million mark was surpassed in June.<\/p>\n<p>The market capitalization of the native token Toncoin exceeds $18.2 billion (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\">CoinGecko<\/a>). Over the past year, the asset&#8217;s price has increased by 437% to $7.25 at the time of writing.<\/p>\n<p>In April, the issuer of the leading stablecoin USDT, Tether, <a href=\"https:\/\/u1f987.com\/en\/news\/tether-expands-usdt-support-to-ton-network\">added<\/a> support for the TON blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TON Foundation, the organization behind the development of The Open Network (TON) blockchain, has announced the launch of a cross-chain bridge to transfer bitcoins onto the platform. Want to unlock new potential for your Bitcoin \u20bf on #TON? ? ? Introducing TON Teleport BTC, aiming to enhance Bitcoin utility on TON! Dive into this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1364],"class_list":["post-15306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-the-open-network"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15306"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15305"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}