Blockchain Project TON, a non-profit association of developers and enthusiasts, has launched the first unlimited bridge for ERC-20 tokens from Ethereum to natively wrapped fungible tokens (Jettons) on TON. The bridge will enable users to transfer their tokens between Ethereum and TON seamlessly. According to the foundation, the bridge is designed to offer a seamless transactional interface between the two blockchains. This development is a significant milestone for the TON ecosystem, which will now be able to bridge Wrapped Bitcoin (wBTC), Tether tokens (USDt), USD Coin (USDC), and Dai (DAI) seamlessly.
First Unlimited Bridge Goes Live
At launch, users will only be able to bridge over four assets. Going forward, the TON Foundation intends to make more tokens available for bridging soon. This will enable users to transfer a wider range of assets between Ethereum and Project TON.
The foundation has also collaborated with prominent blockchain security firms to ensure the security and reliability of the bridge. CertiK, a smart contract auditor, Quantstamp, a specialist auditor in the blockchain space, and Hexens, a smart contract auditor, conducted audits on the bridge. While validators voted on the formation, CertiK and Quantstamp conducted end-to-end audits on the Project TON blockchain.
White hat hackers have also been welcomed to test the security integrity of the unlimited bridge through a hackathon in 2022. The TON Foundation’s commitment to security and reliability is evident through its collaboration with prominent blockchain security firms and the invitation to white hat hackers.
Image credit: bridge.ton.org
Expanding the Ecosystem
The TON Foundation’s launch of the first unlimited bridge for ERC-20 tokens from Ethereum to natively wrapped fungible tokens (Jettons) on TON is a significant development for the Project TON ecosystem. The bridge is designed to offer a seamless transactional interface between Ethereum and TON, enabling users to transfer their tokens easily. This development will expand the TON ecosystem and attract more users to the platform.
The TON Foundation’s efforts to expand the Project TON ecosystem also include making it easier for users to bridge assets from Ethereum to Project TON . At launch, users will only be able to bridge over four assets. Going forward, the TON Foundation intends to make more tokens available for bridging soon. This will enable users to transfer a wider range of assets between Ethereum and Project TON .
Tether Integration
Telegram recently added a new feature that enables users to send each other Tether, the world’s largest stablecoin, on the Tron blockchain. The new feature expanded the app’s facility for crypto payments, enabling users to buy, swap, and make P2P trades with TRC20. This allowed users on the instant messaging service to directly send USDT to their peers with no transaction fees.
The integration of Tether with Telegram and the launch of the first unlimited bridge for ERC-20 tokens from Ethereum to Project TON highlight the growing trend towards interoperability between different blockchains. The ability to transfer assets between different blockchains seamlessly and securely will be a significant factor in the growth of the blockchain industry.
Interoperability: Key to the Growth of the Blockchain Industry
As the blockchain industry continues to grow, interoperability will become increasingly important. The ability to transfer assets between different blockchains seamlessly and securely will enable the industry to expand and evolve, leading to more use cases for blockchain technology.
The launch of the first unlimited bridge for ERC-20 tokens from Ethereum to TON by the TON Foundation is a significant development for the blockchain industry. The foundation’s commitment to security and reliability, as demonstrated by its collaboration with prominent blockchain security firms and the invitation to white hat hackers, ensures the safety of users’ assets during the transfer process. The TON ecosystem is expanding, and the ability to transfer a wider range of assets between Ethereum and TON will attract more users to the platform.
Secure Token Transfers with TON Foundation’s Unlimited Bridge
The TON Foundation’s launch of the first unlimited bridge for ERC-20 tokens from Ethereum to natively wrapped fungible tokens (Jettons) on TON is a significant milestone for the TON ecosystem. The bridge will enable users to transfer their tokens seamlessly between Ethereum and TON. The foundation’s collaboration with prominent blockchain security firms and the invitation to white hat hackers demonstrate its commitment to security and reliability.
As the TON Foundation expands the TON ecosystem by making it easier for users to bridge assets from Ethereum to TON, more users are likely to be attracted to the platform. Going forward, the TON Foundation intends to make more tokens available for bridging soon, which will enable users to transfer a wider range of assets between Ethereum and TON.
A Growing Trend in the Blockchain Industry
The integration of Tether with Telegram and the launch of the first unlimited bridge for ERC-20 tokens from Ethereum to TON highlight the growing trend towards interoperability between different blockchains. The ability to transfer assets between different blockchains seamlessly and securely will be a significant factor in the growth of the blockchain industry.
The TON Foundation’s launch of the first unlimited bridge for ERC-20 tokens from Ethereum to natively wrapped fungible tokens (Jettons) on TON is a significant development for the TON ecosystem. The bridge will enable users to transfer their tokens seamlessly between Ethereum and TON. The TON Foundation’s efforts to expand the TON ecosystem by making it easier for users to bridge assets from Ethereum to TON will attract more users to the platform. The integration of Tether with Telegram and the launch of the first unlimited bridge for ERC-20 tokens from Ethereum to TON highlights the growing trend towards interoperability between different blockchains.
Source: https://cryptopotato.com/blockchain-project-ton-launches-ethereum-bridge/
