‘TON Teleport BTC’ Launch to Enable Bitcoin Owners to Participate in DeFi on TON with Enhanced Security
The method for transferring Bitcoin to TON is relatively straightforward. First, investors will send their BTC tokens to a unique wallet address. Once the transaction is verified, an equivalent amount of BTC built on the TON token standard will be issued to the investor's TON wallet.
The new Bitcoin bridge, TON Teleport, will efficiently and cheaply allow users to swap their Bitcoin for TON tokens. The process will not rely on an intermediary, focusing on the principles of decentralization that the Bitcoin blockchain introduced in 2009.
The method for transferring Bitcoin to TON is relatively straightforward. First, investors will send their BTC tokens to a unique wallet address. Once the transaction is verified, an equivalent amount of BTC built on the TON token standard will be issued to the investor's TON wallet.
And that's about the depth of it – holders can now use their Bitcoins within TON's growing ecosystem. TON Teleport BTC is scheduled to go live later this year.
