WhatToFarm Analytics / Cryptocurrencies / Telegram Index

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🌐 New WhatToFarm Analytics Telegram Group

❗️ Important Update! We're launching a new Telegram group to resolve the technical issues we've been facing in the current one.

🛠 This new space will keep our communication uninterrupted, so that we can keep sharing all the exciting DeFi updates with you.

👉 Here’s the link to join: https://t.me/WhatToFarm_Analytics

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💬Twitter 😀 WhatToFarm

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4 months, 1 week ago

🔗 Teleports Are Real: TON Teleport BTC Unveiled

The Open Network (TON) Foundation, overseeing the Telegram-centric blockchain network TON, introduces new infrastructure to enhance Bitcoin utility on the platform.

🌀 TON Teleport BTC enables seamless Bitcoin transfers between the Bitcoin blockchain and TON without relying on central intermediaries.

Here’s how it will work:

🔹Users send BTC to a unique Bitcoin address.
🔹Upon confirmation, an equivalent amount of BTC is issued to the user’s address on the TON Blockchain.
🔹These BTC tokens could be used in various decentralized applications (dApps) on TON or redeemed for BTC on the Bitcoin network.
🔹To return to Bitcoin, users could burn TON BTC tokens to release and retrieve BTC on the Bitcoin blockchain.

📖 Learn more about the Teleport in our Blog: https://whattofarm.io/blog/tech-news/teleports-are-real