TON Foundation announces trustless Bitcoin bridge | Headlines | News | CoinMarketCap
07/18/2024 02:17Telegram-based TON unveiled new infrastructure to tap into Bitcoin’s blockchain and expand BTC’s utility. Dubbed TON Teleport BTC, The Open …
Telegram-based TON unveiled new infrastructure to tap into Bitcoin’s blockchain and expand BTC’s utility.
Dubbed TON Teleport BTC, The Open Network (TON) Foundation announced the feature bridges Bitcoin (BTC) and unlocks greater operability for decentralized applications built on the Telegram-focused chain.
Although decentralized, most blockchains weren’t initially designed to communicate with each other. This phenomenon alienated standalone networks and created a divide with assets.
Networks like Ethereum (ETH) attempted to mitigate this issue by developing what is called the Ethereum Virtual Machine (EVM). This environment allowed anyone to build ETH-compatible tools and connect with Ethereum’s mainnet.
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Bridges …