tgBTC Docs
  • Intro to TON Teleport BTC
  • USER GUIDES
    • Testnet in TON
    • Signet in BTC (for PC)
    • Signet in BTC (for Mobile)
    • Mint your first tgBTC
    • Burn your tgBTC for BTC
    • View transaction history
    • Common errors and solutions
    • How passwords keep you safe
  • DEVELOPMENT
    • Build first tgBTC dApp
    • tgBTC API by TONX
  • INFORMATION DESK
    • FAQ
    • Key resources
  • Whitepaper
    • Abstract
    • Declaration of Trustlessness
    • Overview
    • Key Concepts
      • Peg-in (BTC Deposit)
        • Bitcoin Simplified Payment Verification Client
        • Transaction Confirmation, Processing and tgBTC minting
      • Peg-out (tgBTC Withdraw)
        • Building of Withdrawal Transactions
        • DKG and FROST
        • Peg-out Timing and Optimizations
      • Additional Components and Security Mechanisms
        • Bitcoin Transaction Fees
        • Validator Rotation and Key Management
        • Refund Mechanism for Expired Deposits
        • Consensus-based System Updates
        • Inspectors
    • Expanding Possibilities and Value for TON
    • Conclusion
    • Papers
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  1. Whitepaper

Abstract

PreviousKey resourcesNextDeclaration of Trustlessness

Last updated 4 months ago

The whitepaper explains the operation principles of the TON Teleport BTC system, focusing on trustlessness and interoperability between Bitcoin and TON networks. Emphasizing transparency, autonomy, decentralization, and censorship resistance, trustless systems ensure robustness and security in managing digital assets, eradicating the need for intermediaries to uphold trust between participants. The TON Teleport BTC system allows for secure and seamless transfer of BTC and its trustless representation, tgBTC, between the Bitcoin and TON networks without centralized oversight, offering users the highest degree of trust and convenience in their operations.

The whitepaper does not delve into complex technical issues but aims to create an understanding of the system for users familiar with blockchain technologies. The document is structured into chapters that cover the declaration of trustlessness, overview of TON Teleport BTC, key concepts such as Peg-in and Peg-out processes, and the conclusion highlighting the system’s innovation and potential. The whitepaper is essential for users looking to grasp the fundamentals of trustless systems and the operation of TON Teleport BTC, offering insights into its autonomy, transparency, and security features.