goozerin on Nostr: 🧨 "Bitcoin Enters the TON Ecosystem: A New Era of DeFi Opportunities Unfolds on ...
🧨 "Bitcoin Enters the TON Ecosystem: A New Era of DeFi Opportunities Unfolds on Telegram"
The TON Foundation has announced that Bitcoin will soon be usable on the TON blockchain. What does this development mean for the crypto sector? TON, the Layer-1 network launched in 2017 as the original project of the messaging provider Telegram, has recently pleased many investors and is considered a hot candidate for a bull run.
The TON Foundation, which supports the Open Network (TON), is now launching TON Teleport BTC, a new bridge. This bridge will enable secure Bitcoin transfers to the TON blockchain.
TON Teleport BTC: Safe and Transparent 🛡️
According to the TON Foundation, the new bridge, TON Teleport BTC, will allow Bitcoin holders to participate in DeFi activities on TON while maintaining the security of their original assets: "All transactions are handled through smart contracts and verified by TON blockchain validators," said Anatoliy Makosov, the technical leader of TON, in a statement to The Block.
"Storing and using Bitcoin on TON is as secure as on the Bitcoin network itself, but much cheaper and more convenient." According to the Foundation, each Bitcoin on TON is fully backed by actual Bitcoin anchored through the teleportation process to ensure secure and reliable transactions.
With TON Teleport BTC, Bitcoin holders can now fully leverage the range of DeFi applications in the TON ecosystem. These include decentralized exchanges, crypto lending platforms, and other DeFi services.
This will open up completely new possibilities for Bitcoin users to use their assets more efficiently without compromising on security.
The TON network is booming. Recently, Binance announced support for the stablecoin Tether (USDT) in the TON ecosystem, enabling deposits and withdrawals of USDT since June 21. Earlier, Tether, the company behind USDT, announced at Token2049 in Dubai in April that the leading stablecoin would land on the TON blockchain. In February, Telegram announced plans to share advertising revenue with channel owners and pay rewards in Toncoin.
Telegram had already adopted TON technology for other functions within the platform and integrated the TON crypto wallet last year.
Projects like Notcoin (NOT), which are based on Telegram and give the TON ecosystem an additional boost, are particularly popular. The same applies to some games based on this blockchain, such as Hamster Kombat and Catizen. Thanks to these games, TON saw a drastic increase in user addresses, with nearly 470,000 active addresses as of July 18. 🎮🚀
#bitcoin #ton #crypto #bitnewstoday #invest #telegram
The TON Foundation has announced that Bitcoin will soon be usable on the TON blockchain. What does this development mean for the crypto sector? TON, the Layer-1 network launched in 2017 as the original project of the messaging provider Telegram, has recently pleased many investors and is considered a hot candidate for a bull run.
The TON Foundation, which supports the Open Network (TON), is now launching TON Teleport BTC, a new bridge. This bridge will enable secure Bitcoin transfers to the TON blockchain.
TON Teleport BTC: Safe and Transparent 🛡️
According to the TON Foundation, the new bridge, TON Teleport BTC, will allow Bitcoin holders to participate in DeFi activities on TON while maintaining the security of their original assets: "All transactions are handled through smart contracts and verified by TON blockchain validators," said Anatoliy Makosov, the technical leader of TON, in a statement to The Block.
"Storing and using Bitcoin on TON is as secure as on the Bitcoin network itself, but much cheaper and more convenient." According to the Foundation, each Bitcoin on TON is fully backed by actual Bitcoin anchored through the teleportation process to ensure secure and reliable transactions.
With TON Teleport BTC, Bitcoin holders can now fully leverage the range of DeFi applications in the TON ecosystem. These include decentralized exchanges, crypto lending platforms, and other DeFi services.
This will open up completely new possibilities for Bitcoin users to use their assets more efficiently without compromising on security.
The TON network is booming. Recently, Binance announced support for the stablecoin Tether (USDT) in the TON ecosystem, enabling deposits and withdrawals of USDT since June 21. Earlier, Tether, the company behind USDT, announced at Token2049 in Dubai in April that the leading stablecoin would land on the TON blockchain. In February, Telegram announced plans to share advertising revenue with channel owners and pay rewards in Toncoin.
Telegram had already adopted TON technology for other functions within the platform and integrated the TON crypto wallet last year.
Projects like Notcoin (NOT), which are based on Telegram and give the TON ecosystem an additional boost, are particularly popular. The same applies to some games based on this blockchain, such as Hamster Kombat and Catizen. Thanks to these games, TON saw a drastic increase in user addresses, with nearly 470,000 active addresses as of July 18. 🎮🚀
#bitcoin #ton #crypto #bitnewstoday #invest #telegram