Bitcoin
TON Foundation Says Trustless Bitcoin Bridge for DeFi Has Launched
July 17: TON Teleport BTCa trusted bridge that facilitates 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 enables BTC holders to securely engage in DeFi on TON and participate in decentralized exchanges (DEXs), lending platforms, and other applications. The TON Teleport BTC process is fully trustless and transparent, operating without a centralized issuer. Every BTC on TON is 100% backed by real BTC, tied to the teleport process, ensuring secure and reliable transactions.” (TONNE)
July 17: IoTeXan Ethereum-compatible blockchain platform optimized for decentralized physical infrastructure (DePIN) projectsis 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, compute and sequencing,” according to the team: “IoTeX 2.0 Introducing DePIN Infrastructure Modules (DIMs) and the Modularity Security Pool (MSP) to reduce development costs and support sustainable growth of DePIN projects, positioning itself as the largest decentralized hub for devices and data that will be deployed by humans and AI agents.” According to a press release: “The introduction of the Modularity Security Pool (MSP) enables DePIN layer 1s to return their Proof-of-Stake security to DIMs, fueling growth and promoting sustainability within the ecosystem.”
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