Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»TON Foundation Strengthens Bitcoin Utility with TON Teleport BTC
ADOPTION NEWS

TON Foundation Strengthens Bitcoin Utility with TON Teleport BTC

By Crypto FlexsJuly 17, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
TON Foundation Strengthens Bitcoin Utility with TON Teleport BTC
Share
Facebook Twitter LinkedIn Pinterest Email

The Open Network (TON) Foundation, the organization that oversees the Telegram-centric blockchain network TON, has introduced future infrastructure that will enhance Bitcoin utility on the platform.

A new infrastructure called TON Teleport BTC connects transfers between Bitcoin and TON. It aims to improve Bitcoin’s use cases in the TON ecosystem for decentralized exchanges, lending protocols, and other DeFi utilities.

“You can now use TON Teleport to send Bitcoin to TON and back again,” TON’s technical lead Anatoly Makosov said in a statement. “This decentralized and secure technology works without intermediaries or restrictions. All transactions are executed via smart contracts and verified by TON blockchain validators. Storing and using Bitcoin in TON is as secure as on the Bitcoin network itself, but much cheaper and more convenient.”

TON has seen a significant increase in users thanks to Telegram-based mini-games such as Hamster Combat, Katizun, and Natcoin, and as of July 16, the number of active addresses reached 470,000.

Toncoin is the 9th largest cryptocurrency by market cap. The token was trading at $7.29 as of 11:32 am ET (15:33 UTC), down 1.25% over the last 24 hours, according to The Block’s TON price page.

The block has asked TON for comment.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin first broke $20,000. Since then, MK has written nearly 1,000 articles for the publication, covering all aspects of crypto news but with a penchant for NFTs, metaverse, web3 games, fundraising, crime, hacking, and crypto ecosystem stories. MK holds a graduate degree from the Science, Health, and Environment Reporting Program (SHERP) at New York University and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

Reddio Mainnet Alpha Is Live – The First GPU-Accelerated Parallel EVM For AI-Native DApps

June 26, 2025

RoboCorp.co Debuts World’s First Search Engine That Converts Human Data And Expertise Into Crypto Income

June 26, 2025

Moca Foundation Announces Moca Chain For Self-sovereign, Privacy-preserving Identity And User Verification

June 26, 2025

GSR Launches Enhanced Systematic OTC Platform, Expanding FX Capabilities And Asset Coverage

June 25, 2025

How To Turn $100 Into $1,000,000 In 2025

June 25, 2025

Neo Pepe $NEOP Presale Passes $2M Raised With Stellar CertiK Audit

June 25, 2025

Encryption Inheritance Update: June 2025

June 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025
Most Popular

A top analyst says things could get crazy for altcoins if key resistance areas break down. But there’s a problem.

November 14, 2024

Fireblocks Announces Support for AWS Nitro Enclaves

July 9, 2024

Memeinator Pre-sale Enters Final Stage with Over 96% of Tokens Sold – Blockchain News, Opinion, TV & Jobs

March 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.