Abstract

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.