TON Foundation Says Trustless Bitcoin Bridge for DeFi Launched

July 17: TON Teleport BTC, a trustless bridge facilitating secure bitcoin (BTC) transfers to and from The Open Network (TON) blockchain, has been launched. According to a message from the TON Foundation team: “This development allows BTC holders to securely participate in DeFi on TON, as well as participate in decentralized exchanges (DEXs), lending platforms, and other applications. The TON Teleport BTC process is completely trustless and transparent, operating without a central issuer. Every BTC on TON is 100% backed by real BTC and is secured through the teleport process, ensuring secure and reliable transactions.” {{TON}}

IoTeX ‘DePIN Infrastructure Modules’ Reduce Development Time

July 17: IoTeX, an Ethereum-compatible blockchain platform optimized for decentralized physical infrastructure projects (DePIN), is launching its 2.0 platform to democratize access to DePIN by partnering with NEAR, Filecoin, RISC Zero, Espresso, and more to “improve data availability, storage, computation, and sequencing,” according to the team. “IoTeX 2.0 features DePIN Infrastructure Modules (DIMs) and the Modularity Security Pool (MSP) to lower development costs and support sustainable growth for DePIN projects, positioning itself as the largest decentralized hub for devices and data to be distributed by both humans and AI agents.” According to a press release: “The introduction of the Modularity Security Pool (MSP) enables DePIN layer-1s to reallocate their Proof-of-Stake security to DIMs, encouraging growth and supporting sustainability within the ecosystem.”

Diagram showing how IoTeX’s Modular Security Repository works in conjunction with DePin Infrastructure Modules (DIMs), designed to reduce development time and startup costs for DePIN applications (IoTeX)

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