Introduction to TON Teleport BTC: TON Teleport BTC is described as a “decentralized trustless bridge”, enabling Bitcoin transfers across two blockchains. The whitepaper outlines goals such as trustlessness, transparency, and decentralization.
Operational mechanism of the project: The project employs peg-in and peg-out mechanisms to help users convert BTC tokens into TON. After sending tokens to a connected address, users receive tgbtc on the TON blockchain.
Growth of the TON ecosystem: The TON ecosystem has expanded with various projects such as cryptocurrency games and partnerships to build a memecoin platform. The TON token has recorded a price increase of 15.05% in the past week.
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