TON Unveils 'Hack-Proof' Bitcoin Bridge with Trustless Architecture

The TON Foundation has introduced a Bitcoin bridge, allowing users to transfer BTC into its ecosystem. This bridge will enable the use of Bitcoin in TON's decentralized applications and lending platforms.

Talking about the security measures, Jack Booth, TON Foundation's marketing director, emphasized the use of trustless architecture. He claimed that the bridge aims to be secure and transparent.

TON has a long-term vision of becoming a 'blockchain of blockchains', integrating top Web3 services into one network. Blockchain bridges are not new; they allow token transfers between different networks, improving interoperability. However, they have a sketchy history, with the Ronin Bridge hack in 2022 resulting in over $600 million in losses.

To address these security concerns, TON's bridge has implemented a Simplified Payment Verification Client as a smart contract. This client verifies Bitcoin block states directly on TON. All key operations are handled by smart contracts, including transaction verification, confirmation, and token issuance.