QUICK BITE
- Portal to Bitcoin partners with Bitlayer, Sovryn, and Tari for its upcoming testnet launch, enhancing scalability, privacy, and DeFi capabilities.
- Integration with Sovryn’s DLLR stablecoin enables one-click trading with native BTC through atomic swaps, avoiding bridges and custodians.
- Portal to Bitcoin combines Lightning Network and atomic swaps for secure, decentralized access to Bitcoin liquidity without intermediaries.
Portal to Bitcoin, a platform focused on providing secure access to Bitcoin liquidity, has announced new partnerships with Bitlayer, Sovryn, and Tari. These partnerships are key parts of their upcoming testnet launch.
Bitlayer is a Bitcoin sidechain/L2 solution that boosts scalability and privacy for blockchain transactions. By adding Bitlayer, Portal to Bitcoin will provide faster transaction speeds and better privacy. Bitlayer’s BitVM technology makes transaction processing more efficient, lightening the load on the main Bitcoin blockchain and offering a smoother user experience.
This integration will combine the strengths of the Portal Network and Bitlayer, creating a powerful and efficient transaction environment. Users will enjoy improved privacy features that keep their transactions confidential, increasing the platform’s overall security.
Sovryn is a leading Bitcoin DeFi project that uses the Sovryn Dollar (DLLR), a stablecoin backed by BTC. Integrating DLLR into the Portal DEX will allow for easy one-click trading with native BTC through atomic swaps, without needing bridges, wrappers, or custodians. Sovryn users can also trade with native Runes, Ordinals, and other L1 and L2 assets, avoiding pseudo-custodial solutions. This partnership aims to grow both communities.
Tari is a Layer 1 platform for digital assets like tickets, loyalty points, and in-game items. Integrating Tari with Portal to Bitcoin will enable seamless trading of these digital assets, using Bitcoin for settlement.
Portal to Bitcoin provides a completely decentralized way to access Bitcoin liquidity. It combines the Lightning Network and atomic swaps to ensure security and eliminate the need for centralized intermediaries or custodians. This approach allows users to manage their assets in a fully trustless environment.
The Lightning Network, a second-layer protocol, speeds up and reduces the cost of Bitcoin transactions, making it ideal for traders and users needing quick access to funds. Atomic swaps enhance the platform by enabling direct peer-to-peer exchanges between Bitcoin and other cryptocurrencies through smart contracts, removing counterparty risk and keeping users in control of their assets.
