Portal And Polygon Partner Up to Help Accelerate Bitcoin Usability In Defi Ecosystem

Portal And Polygon Partner Up to Help Accelerate Bitcoin Usability In Defi Ecosystem
фото показано с : zycrypto.com

2021-11-18 23:45

Portal is thrilled to announce its strategic partnership with Polygon to push for Bitcoin usability in the DeFi space.

Portal, a decentralized financial platform that blends the best of Bitcoin and Layer 2, offers fast, secure, and private atomic swaps between Bitcoin and other digital assets.  Through this partnership, Portal will allow Polygon to run a facilitation node on It DEX to provide liquidity for atomic swaps between Bitcoin and POS- WBTC, WBTC, and other crypto assets. 

Notably, both platforms share a common goal of creating an environment that allows users to move their digital assets seamlessly across the DeFi ecosystem cost-effectively.  

Dr. Chandra Duggirala, executive chairman of Portal, said,

“Given that Portal is a DeFi layer on Bitcoin, we are excited to partner with Polygon to enable WBTC/BTC and POS-WBTC to BTC swaps. We believe that having liquid markets and enabling price discovery will appropriately price wrapped Bitcoin based on risk and enables increased usability for Bitcoin.”

Portal’s mission is to deliver freedom one application at a time. The project was created to ‘replace the web server model prone to centralization by design and architecture with a free market for data and computation. The underlying protocol Portal uses, Fabric extends Bitcoin’s functionality today without needing any BIPs.’

Portal’s player 2 and layer 3 technology helps the building censorship-resistant communication, click execution, and media of cross-chain swaps on the Bitcoin blockchain. The technology helps improve the private off-chain execution of smart contracts for assets insurance, staking, swaps, derivatives, and liquidity. In addition, Portal’s layer 2 and layer 3 atomic swap technology can be used for a general-purpose market for data and computation.

Notably, with Portal, DeFi becomes uncensorable, peer-to-peer, and minimized trust, similar to the underlying properties of Bitcoin. Portal swaps move provable execution of cross-chain contracts to layers 2 and 3, which allows the speed and liquidity of centralized alternatives, with the trust minimization guarantees of Bitcoin. In addition, the platform offers faster and cheaper transactions compared to Layer 1 transactions.

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It allows for aggregating scalable solutions on Ethereum intended to support a multi-chain Ethereum ecosystem.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95308.25 (-0.39%)
Объем 24H $66.134b
Изменеия 24h: -0.06 %, 7d: 3.22 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1887.784b Rank 1
Цена в час новости $ 59840.31 (59.27%)

bitcoin portal polygon defi usability offers layer

Источник: zycrypto.com

bitcoin portal → Результатов: 126


Фото:

Portal, a Bitcoin-Based DeFi Protocol Raises $8.5 Million in Latest Funding Round

Portal, a Bitcoin-based decentralized exchange (DEX) today announced the closure of a whopping $8.5 million funding round led by prominent investors. Portal Raises $8.5 Million in Funding Round Looking to leverage the benefits of the Bitcoin network, Portal DEX today announced it had successfully raised a total of $8.5 million in its latest funding roundRead More

2021-9-22 17:00


Фото:

Craig Wright Wins Default Judgment Against Cobra — Bitcoin.org Forced to Remove White Paper

The self-proclaimed inventor of Bitcoin, Craig Wright, has won a default judgment in London’s High Court in his copyright infringement case against the pseudonymous operator of bitcoin.org. According to a report, the website and its owner Cobra must remove the Bitcoin white paper from the web portal and pay $48K in legal costs as well. […]

2021-6-29 20:00


Фото:

BTC Balance Sheets: 42 Companies Hold 1.3 Million Bitcoin Worth More Than $65 Billion

Since the company Microstrategy shifted a lot of its treasury reserves into bitcoin, a great number of companies have followed the firm’s lead. According to the web portal, bitcointreasuries.org, data shows that 42 companies are now represented on the list and the businesses hold more than $65 billion worth of bitcoin. The Corporate Bitcoin Stash- […]

2021-3-2 00:30


Фото:

Bitcoin Whales Grow After Price Bottoms, Analyst Says ‘Coins Are Moving to Very Strong Holders’

While the price of bitcoin has been consolidating just above the $30k handle, onchain data shows that when the price dropped to $28,800, bitcoin whales bought the dip. Statics from Glassnode’s web portal shows the number of addresses with more than 1,000 bitcoin has spiked after hitting the price bottom. The Number of Addresses Holding […]

2021-1-24 03:30


Фото:

Pornhub’s Premium Services Now Default to Crypto Payments, 13 Digital Assets Supported

During the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium services payment processor now defaults to cryptocurrency only.

2020-12-14 20:30


Bitcoin in “Golden Accumulation Zone” After 20% Plunge: Analyst

It may be the best time for Bitcoin traders to refill their crypto bags now that the asset trades near its multi-week lows, according to analysts at Phi-Deltalytics. The chart analysis portal stated that Bitcoin is in a “golden accumulation zone,” citing a string of fundamental and technical catalysts that could propel the cryptocurrency’s price higher.

2020-9-8 11:00


Bitcoin is Worthless in Long-term, Says Veteran Stock Analyst

Bitcoin may have rallied better than global stocks in 2020, but a veteran analyst still looks at the cryptocurrency as an asset without any value. James Royal, senior reporter for investing and wealth management at Bankrate – a New York-based financial advisory portal, called Bitcoin worthless in the long-term because it does not generate cash flow […]

2020-9-4 14:00


Фото:

Massive $2,000,000 Prize Pool in the Biggest Ever Promotion Launched on Bitcoin Games

One lucky spin can propel your bet into a 5,000X multiplier, churning out huge amounts of money. Read on to find out how. Win Every Day Bitcoin Games, our very own cryptocurrency gaming portal, has teamed up with the popular games provider Pragmatic Play to bring a $2 Million tournament promotion with daily and weekly […] The post Massive $2,000,000 Prize Pool in the Biggest Ever Promotion Launched on Bitcoin Games appeared first on Bitcoin News.

2020-8-20 03:00


Фото:

Bitcoin Cash-Fueled Blogging Website Read.cash Raises Over $100K for Collective Initiative

A few months ago news. Bitcoin. com reported on the web portal read. cash, a blogging website fueled by bitcoin cash that rewards users in crypto for producing content. Just recently, read. cash initiated a fund that aims to provide the blog’s regular users with more paid upvotes by raising funds through a “collective initiative.

2020-6-25 19:10


Фото:

Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency

The premier cryptocurrency gaming portal, Bitcoin Games has announced the launch of a Midsummer promotion that promises Free Spins and loads of entertainment. For well over, five years now Bitcoin Games has been the go-to destination for all your gaming needs and our brand new promotion – ‘Glad Midsommar!‘ is sure to excite.

2020-6-20 06:45


Coinbase Commerce Crosses $200,000,000 In Crypto Payments Since Launch

Covid-19 hasn't kept consumers from using bitcoin (BTC) as a means of payments for goods and services according to a merchant transactions report from Coinbase Commerce. A Coinbase Commerce report shows that on 3-26-2020, clients made bitcoin transactions totaling $200 million, making this is a new 2 year milestone for the payments portal. The results […]

2020-3-27 19:36


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

AdaDeng, The Moo Deng Inspired Meme Coin Set To Launch On Cardano

A new meme coin is set to make waves on the Cardano blockchain, and it’s bringing with it a lot of fun, creativity, and community spirit. AdaDeng, the adorable yet mischievous meme coin inspired by the lovable Moo Deng, is officially here to spread joy across the Cardano ecosystem. AdaDeng isn’t just your average meme […]

Dai Lo Acquires Fractal Network, a Pivotal Moment for Privacy Innovation

Dai Lo is excited to welcome Fractal, a multi-layer network, to its ecosystem, heralding a new era for blockchain technology and privacy information. Dai Lo announced the successful acquisition of Fractal Network, a strategic move that will allow Dai Lo to harness Fractal’s groundbreaking ZK technology.