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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
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$PTB&—Cross-Chain Solution for DeFi Settlement 🔥
The Portal's commitment to decentralization is realized through the use of audited open-source software and transparent network operations. This transparency ensures that community trust is maintained, while also serving as the main foundation for a truly trustless ecosystem.
The grand vision of the Portal is to accelerate hyperbitcoinization, which is the massive adoption of Bitcoin worldwide. Through enhanced cross-chain coordination and innovation in Bitcoin Layer 2 (L2).
The portal provides a permissionless solution for users to perform cross-chain asset swapping, whether Layer-1 (L1) or Layer-2 (L2), without relying on wrapped assets.
The portal is built directly on top of Bitcoin layers. With this foundation, the portal automatically inherits the security from the Bitcoin network, which has long been considered the most secure blockchain in the world.
The portal places atomic swaps at the core of its network. Although this concept has been around for a long time, previous implementations have failed to provide a combination of ease of use, speed, and low transaction fees without sacrificing atomicity.
The classic problem in HTLC swaps is usually related to the coordination problem. After Alice and Bob agree on a price, the execution of the swap on different chains runs in isolation, meaning both must remain online to ensure the order of transactions is maintained. The portal solves this by building a coordination protocol that decentralizes the event flow between chains, enabling truly trustless HTLC-based swaps with better usability.
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