TON Foundation plans to launch TON Teleport BTC project to connect Bitcoin to TON ecosystem

Odaily News According to official news, the TON Foundation announced plans to launch TON Teleport BTC, which aims to connect Bitcoin to TON in a decentralized, secure and trustless way. TON Teleport is a newly planned ecological infrastructure project that allows users to transfer ("peg-in" and "peg-out") BTC between the Bitcoin blockchain and TON without relying on intermediaries. It will use a trustless system to improve security and autonomy, ensure that transactions are transparent and not subject to external control. This process requires users to send their Bitcoin to a specific independent Bitcoin address. Once the transaction is confirmed, the equivalent BTC will be issued to the user's address on the TON blockchain. Users can then use these BTC tokens in various DApps on TON, or exchange them for BTC on the Bitcoin network. For the reverse process, users will destroy their BTC tokens on TON, which will trigger the release and return of BTC. The TON Teleport BTC process is trustless and transparent, with no centralized issuer. Every BTC on TON will be 100% backed by actual BTC. The system automates all operations from verification to confirmation through network validators and smart contracts, eliminating the possibility of human error, censorship or fraud.