The TON Foundation is advancing the integration of cryptocurrencies with the development of the “TON Teleport BTC” solution, an infrastructure that promises to connect the Bitcoin networks and The Open Network.
The TON Network, also known as The Open Network, is a blockchain platform that has seen significant growth and wider adoption in recent times. Originally developed by Telegram, TON has become an independent ecosystem that seeks to expand the capabilities of blockchain technology.
As part of these objectives, its developers recently announced the construction of a new infrastructure, which will serve as a bridge between the TON and Bitcoin chains.
This new infrastructure, called TON Teleport BTC, seeks to expand Bitcoin applications, especially in the field of decentralized finance (DeFi), offering a cheaper and more convenient alternative for users.
The implementation of the new solution, according to explained The TON Foundation, through social networks, comes to improve the usefulness of Bitcoin within The Open Network ecosystem. This is an innovative infrastructure that is designed to create a bridge of trust between Bitcoin and TON, allowing for secure and hassle-free BTC transfers.
With TON Teleport BTC, BTC users can participate in the decentralized finance (DeFi) space on TON without compromising the security of their assets. This development is expected to significantly improve Bitcoin use cases by facilitating its integration into decentralized exchange (DEX) platforms, lending protocols, and other existing decentralized platforms in the TON ecosystem.
Ton Teleport BTC expands the boundaries of Bitcoin
According to Anatoliy Makosov, CTO of TON Core, TON Teleport BTC will operate in a decentralized and secure manner, without the need for intermediaries, using smart contracts and validation of the TON network to ensure the security of transactions.
TON Teleport BTC is an initiative that represents a major step towards greater interoperability in the cryptocurrency ecosystem, making it easier for users to access DeFi services with Bitcoin in a secure and more efficient way.
TON Applications Chain and its compatibility with EVM
On the other hand, TON continues to expand its blockchain ecosystem with the development of a new Layer2 network.
According to the developers, TON has been integrated with the technology of Polygon, a leading company with extensive experience in the world of blockchain, to solve scalability problems and improve operational efficiency, which are crucial for the success of any blockchain platform.
The TON Foundation reported that the TON Applications Chain (TAC) project is well supported and its goal of achieving compatibility with the Ethereum Virtual Machine (EVM) is particularly notable. This not only makes it easier to migrate existing applications but could also appeal to a broader user base by allowing a smoother transition for projects already established on the Ethereum network.
Other TON growth projects
In addition to the developments mentioned above, the TON ecosystem has been innovating in recent months, with other important integrations that are strengthening its innovation.
On the one hand, there is the integration of the USDT stablecoin, from Tether, into TON; a step forward that seeks greater flexibility and ease in carrying out transactions in the market. On the other hand, there is also the adoption of Toncoin, the TON network token, by Telegram to reward content creators and share advertising revenue. This represents an innovative example of how cryptocurrencies can be used to incentivize and monetize online activities.
The integration of TON's cryptocurrency wallet into Telegram also demonstrates the instant messaging platform's commitment to the adoption of new technologies and its vision of a decentralized digital ecosystem with more than 900 million global users.
TON's versatility and innovation are also reflected in projects such as Notcoin (NOT) and blockchain-based games such as Hamster Kombat and Catizen, which in turn highlight the network's ability to support a variety of applications.
These developments not only increase the visibility of blockchain but also demonstrate its potential to revolutionize different industries and sectors. The growing popularity of these projects indicates a trend towards the integration of blockchain technology into everyday life, offering new ways of interacting and entertaining and conducting financial transactions.
