TON Foundation Announces Trustless Bitcoin Bridge

The emergence of standalone networks has led to a division of assets in the cryptocurrency space. In an effort to address this issue, networks like Ethereum (ETH) developed the Ethereum Virtual Machine (EVM) to enable the creation of ETH-compatible tools and connectivity with Ethereum’s mainnet.

Another solution comes in the form of bridges, which allow the transfer of digital assets between different blockchains. TON Teleport BTC, for example, leverages this concept to enhance liquidity and integrate the largest cryptocurrency token into the TON ecosystem.

This native token ranks ninth among all digital assets, with a market capitalization exceeding $18 billion. Furthermore, the blockchain has reportedly garnered 470,000 active wallets and gained direct access to over 900 million global Telegram users.

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