Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Portal and Polygon Enter Strategic Partnership To Boost Bitcoin Usability in DeFi Ecosystem

by ChainWire
November 17, 2021
in Industry Announcements

November 17, 2021 – San Francisco, California


Portal, a self-hosted wallet and true cross-chain layer 2 DEX built on Bitcoin, has announced a strategic partnership with Polygon, popularly known as Ethereum’s ‘internet of blockchains,’ to give new impetus to Bitcoin usability in the DeFi ecosystem.

Portal offers fast, private and secure atomic swaps between Bitcoin and other digital assets. Both Polygon and Portal are committed to enabling users to move their digital assets seamlessly across the DeFi ecosystem with the lowest possible fees.

Portal will facilitate WBTC/BTC and POS-WBTC to BTC swaps on its decentralized exchange. Polygon will run a facilitation node on Portal DEX to provide ongoing liquidity for atomic swaps between Bitcoin and POS-WBTC, WBTC and other assets.

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.”

Polygon is the go-to scaling solution that has helped Ethereum become the definitive, fundamental settlement layer of the growing web 3.0 ecosystem. It resolves the blockchain challenges like high gas fees and slow speeds without sacrificing security.

Polygon’s core component is Polygon SDK – a modular, flexible framework that supports building and connecting secured chains like Plasma, Optimistic Rollups, zkRollups, Validium and others and standalone chains like Polygon POS, designed for flexibility and independence.

Portal’s layer 2 and layer 3 technology simplifies building censorship-resistant communications, media and one-click execution of cross-chain swaps on top of the Bitcoin blockchain. It facilitates the private, off-chain execution of ‘smart contracts’ for asset issuance, swaps, staking, liquidity, derivatives and more – all peer-to-peer, without third-party custody or control.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. It aggregates scalable solutions on Ethereum and combines the best of Ethereum and sovereign blockchains into a full-fledged multichain system.

Polygon solves pain points associated with blockchains, like high gas fees and slow speeds, without sacrificing security. Polygon’s scaling solutions have seen widespread adoption with more than 400 DApps, approximately 350 million transactions and over 1.5 million unique users.

About Portal

Portal is DeFi built on Bitcoin. It makes trade unstoppable with anonymous zero-knowledge swaps via the first true cross-chain DEX that’s trust-minimized. With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity within open, transparent markets with a security model as robust as Bitcoin mining.

Portal’s layer 2 and layer 3 technology enables building censorship-resistant communications, media and one-click cross-chain swaps – all on Bitcoin.

Contact

George Burke

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
    May 19, 2022
  • Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game
    May 18, 2022
  • Sneakmart Announces a Collaboration With StockX on Its First Metakicks Drop
    May 18, 2022
  • Everyrealm and Storyverse Partner To Create Interactive Stories for NFT Communities
    May 18, 2022
  • DoraHacks Raises $20 Million Led by FTX Ventures and Liberty City Ventures To Scale Its Global Web 3.0 Startup Platform
    May 18, 2022
  • BinaryX Unveils CyberArena – A New Play-To-Earn Experience
    May 18, 2022
  • Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures
    May 17, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$30,018.00
$30,018.00
2.5%
Ethereum
$1,996.98
$1,996.98
0.84%
Cardano
$0.527607
$0.527607
0.7%
XRP
$0.418372
$0.418372
0.57%
Dogecoin
$0.086639
$0.086639
0.52%

Spotlight

  • Bitcoin and Crypto Markets Pop – Here’s What’s Next for BTC, Dogecoin, Cardano, Polygon and Fantom, According to Michaël van de Poppe
    May 13, 2022
  • Celsius CEO Issues Warning, Says Not All Stablecoins Are Created Equal – Here’s Why
    May 16, 2022
  • Ex-Fed Chair Ben Bernanke Warns Bitcoin (BTC) Faces Two Massive Risks That ‘Investors Should Be Aware Of’
    May 19, 2022
  • Stablecoin Regulations Need To Allow Room for Failure, Says Crypto-Friendly SEC Commissioner Hester Peirce
    May 14, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl