Toncoin (TON) has announced the upcoming launch of a new infrastructure called TON Teleport BTC, which aims to increase the use of Bitcoin within its platform. The Open Network (TON) Foundation, which manages the Telegram-based blockchain network TON, hopes that this new feature will expand Bitcoin’s functionality within the TON ecosystem, particularly in decentralized exchanges, lending protocols, and other DeFi tools.
According to Anatoliy Makosov, TON’s technical manager, TON Teleport BTC will enable users to easily transfer Bitcoin to and from TON using smart contracts verified by TON blockchain validators. Makosov emphasized the security and convenience of this new feature, stating that storing and using Bitcoin on TON will be as secure as the Bitcoin network itself, but more cost-effective and user-friendly.
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