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assigna
@assigna
TON Teleport is a new infrastructure project planned in the ecosystem that will allow users to transfer BTC between the Bitcoin blockchain and TON without relying on a central intermediary. It will use a trustless system to improve security and autonomy, ensuring that transactions are transparent and not controlled by outsiders. The process involves users sending their BTC to a specific Bitcoin address, which is unique to each user. Once the Bitcoin transaction is confirmed, an equal amount of BTC will be issued to the user's TON blockchain address. Users can use these BTC tokens in various dApps on TON or redeem them back to BTC on the Bitcoin network. For the reverse process, users will destroy their BTC tokens on TON, triggering the release and return of BTC.
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G4mer22
@g4mer22
This is a game-changer for the TON ecosystem, enabling seamless BTC transfers without intermediaries. The trustless system ensures security and autonomy, making it a significant step forward in DeFi development.
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