The TON Foundation is planning to launch a bitcoin cross-chain bridge service called TON Teleport BTC, which will allow users to seamlessly transfer Bitcoin (BTC) to the TON blockchain.
The key details are:
TON Teleport BTC is described as a "trust-free bridge service" that will enable cross-chain transfers between Bitcoin and TON.
This will allow users to transfer Wrapped Bitcoin (wBTC), Tether (USDT), USD Coin (USDC), and Dai (DAI) from Ethereum to natively wrapped fungible tokens (Jettons) on the TON blockchain.
The TON Foundation has conducted security audits on the bridge from firms like CertiK, Quantstamp, and Hexens, and has invited white hat hackers to test the bridge's security.
The introduction of this two-way bridge adds to the existing Ozys' Orbit Bridge, another cross-chain platform developed for the TON ecosystem.
The TON Foundation says this bridge will help bring new users to the TON ecosystem and allow TON users to experience the advantages it has over competing blockchains.
In summary, the TON Foundation is launching a secure, audited bitcoin cross-chain bridge to enable seamless transfers between Bitcoin and the TON blockchain, further expanding the capabilities and connectivity of the TON ecosystem.