TON Foundation Unveils Bitcoin Bridge with Promised Security Measures

The TON Foundation has announced a new Bitcoin bridge that will allow users to transfer BTC into its decentralized applications and lending platforms.

The bridge, which claims to be 'hack-proof', uses trustless architecture and smart contracts to ensure security and transparency.

Ton's long-term goal is to become a 'blockchain of blockchains' by integrating top Web3 services into one network.

This is not the first blockchain bridge, but it has a sketchy history, with notable hacks such as the Ronin Bridge hack in 2022 resulting in over $600 million in losses.