THELOGICALINDIAN - The affiliation marks a above anniversary in the advance of DeFi on the Bitcoin network
Portal, a self-hosted wallet and accurate cross-chain Layer-2 DEX congenital on Bitcoin, clearly announces its accord with Mintlayer, a Bitcoin sidechain agreement that aims to accompany decentralized banking markets to the masses. The affiliation will accompany Portal’s uncensorable cross-chain DEX functionality to Mintlayer, giving new catalyst to Bitcoin-based decentralized accounts (DeFi).
Portal is the Gateway to DeFi on Bitcoin
Both Portal and Mintlayer are committed to enabling users to collaborate with the DeFi ecosystem in a clandestine and defended ambiance with the everyman attainable fees. The accession of sidechain assets issued on Mintlayer will access the cardinal of trading pairs attainable to Portal DEX users. The affiliation will account Mintlayer by authoritative its assets attainable to a beyond user abject through Portal’s DEX network.
Portal’s Executive Chairman, Dr. Chandra Duggirala, said:
“Portal DEX supports abounding layers of banking and non-financial applications on Bitcoin. It agency that the Bitcoin agreement does not charge to be upgraded to accomplish any new functionality. This can access Bitcoin adoption, its aegis budget, and its account as the absolutely all-around budgetary system. Supporting Mintlayer sidechain assets artlessly fits into our ecosystem access to bringing abounding layers to Bitcoin.”
The affiliation marks a above anniversary in the advance of DeFi on the Bitcoin network. As added and added sidechains and blockchains become accordant with the Bitcoin arrangement to admission its liquidity, capital, and ecosystem, Portal will act as a aperture through which all the action flows.
Mintlayer CEO, Enrico Rubboli, commented:
“Mintlayer is a tokenization band congenital on top of Bitcoin, enabling built-in swaps with BTC, including application the Lightning Network. Portal’s cross-chain DEX can advice accomplish multi-chain implementations added viable, acceptance badge issuers to booty advantage of the altered capabilities of altered protocols, including Bitcoin sidechains like Mintlayer, thereby active the absolute web3 ecosystem to the best decentralized and admired blockchain, and the world’s hardest money.”
Portal DEX is the aboriginal censorship resistant, Layer-2 cross-chain DEX that doesn’t use bridges or wrapping to alteration assets amid altered chains. It uses diminutive swaps instead, which are abundant added secure. It is advised to accompany clamminess to Bitcoin sidechain assets and layered applications. Having seamless cross-chain clamminess is the key to accretion account and user abject for any layered appliance congenital on Bitcoin.
Mintlayer is a Bitcoin sidechain that improves absolute badge interoperability enabling new means to barter value, creating a arrangement area new business models can curl and participate in absolutely arguable finance. The agreement leverages technologically avant-garde scalability to accomplish arrangement security, access bulge inclusivity, and ensure abiding sustainability. It aims to advance the approaching of Decentralized Accounts (DeFi) and accord to ascent banking markets globally.
Portal is DeFi congenital on Bitcoin. It makes barter unstoppable with anonymous, zero-knowledge swaps via the aboriginal accurate cross-chain DEX that’s trust-minimized. It eliminates minting captivated bill (ie wBTC, wETH) or chancy staking with intermediaries. With Portal, DeFi becomes a account that anyone can provide, advancement anonymity aural open, cellophane markets with a aegis archetypal as able-bodied as Bitcoin mining.
Portal’s Layer 2 and Layer 3 technology enables architecture censorship-resistant communications, media and one-click cross-chain swaps, all on Bitcoin.
