Trustless Bitcoin Bridge Launched on The Open Network (TON)
The TON Foundation has announced the launch of TON Teleport BTC, a trustless bridge that allows secure transfer of Bitcoin (BTC) to and from the The Open Network (TON) blockchain.
This development is significant because it enables BTC holders to participate in decentralized finance (DeFi) applications on TON, including decentralized exchanges (DEXs), lending platforms, and more.
Key Features of TON Teleport BTC:
- Trustless and transparent: The bridge operates without a centralized issuer, ensuring security and reliability.
- 100% backed by actual BTC: Each BTC on TON is pegged to real BTC through the teleport process.
IoTeX 2.0: Empowering DePIN Development with New Modules
IoTeX, an Ethereum-compatible blockchain platform focused on decentralized physical infrastructure (DePIN) projects, has launched its 2.0 platform. The platform aims to simplify DePIN development through partnerships with NEAR, Filecoin, RISC Zero, Espresso, and others.
Key Features of IoTeX 2.0:
- DePIN Infrastructure Modules (DIMs): Reduce development costs and support sustainable growth for DePIN projects.
- Modularity Security Pool (MSP): Enables layer-1s to restake their Proof-of-Stake security to DIMs, fostering ecosystem growth.
IoTeX 2.0 positions itself as a decentralized hub for devices and data, serving both humans and AI agents.
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