The Waterfall network integrates with the portal to enable faster cross-chain transactions with virtually unlimited scalability.
waterfall networkthe first truly decentralized and scalable ledger, today announced its integration with: Portal DeFiA self-hosted wallet and bridge-free cross-chain layer 2 decentralized exchange (DEX) built on top of Bitcoin.
Due to its compatibility with the Ethereum Virtual Machine (EVM), the Waterfall protocol supports all the features of decentralized exchanges like Portal, serving the existing vast Ethereum developer base without having to learn a new programming language. The protocol also integrates the first “Directed AcyclingGraph” (DAG) technology, which allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with minimal processing power requirements so that anyone can run a validator node. Portal DEX’s integration introduces a groundbreaking approach to cross-chain transactions, providing seamless, fast, and secure connections between Bitcoin and other digital assets.
“Unlike traditional bridge solutions and wrappers, which can be cumbersome, require management and are vulnerable to security threats, Portal’s integration with the Waterfall Network will enable fast and secure transactions,” said Chandra Duggirala, co-founder and CEO of Portal. “We are impressed with Waterfall Network’s technology and excited to align with their vision to improve the efficiency of cross-chain transactions.”
Integration highlights include:
Atomic Swaps Capability: Integrated into Waterfall Network’s ecosystem, Portal’s Layer 2 cross-chain Atomic Swaps feature enables secure, private transactions between Bitcoin and other digital assets, eliminating the need for traditional bridge solutions.
AMM Contracts and Layer 2 Integration: Integration with Automated Market Maker (AMM) contracts built on compatible chains enables fast, cheap, and private swaps.
Testnet Progress and Mainnet Launch: Portal DEX is currently entering the testnet phase and contracts are undergoing rigorous review. Waterfall Network recently launched Testnet 8 as both companies prepare for mainnet launch in the coming months.
“The ability to make transactions faster, cheaper and more secure through the combination of AMM and Layer 2 is a significant industry first,” said Sergii Grybniak, BlueWave CTO and Waterfall Network Research Director. “Waterfall Network recognizes that chains and assets will only grow in popularity in the coming years, and we are excited to work with Portal to improve cross-chain transactions built on the strong foundation of Bitcoin.”
Built by OG Bitcoin experts, including the pioneers of the first Bitcoin debit card and cross-chain exchange technology, Portal is uniquely positioned within the industry, and Waterfall Network’s speed and scalability make it a leader among L1 protocols. no see. Therefore, both Waterfall Network and Portal are poised to transform the decentralized finance landscape by providing a secure, efficient, and user-friendly platform for cross-chain transactions. This partnership marks a significant step forward in achieving mass adoption and fostering innovation in the blockchain industry.
Waterfall Network Information:
Waterfall is a leading Layer 1 (L1) architecture that addresses speed, security, and scalability while providing a truly decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) allows validator nodes to be up and running on any device, including low-end laptops and mobile phones. Waterfall is 100% compatible with the Ethereum Virtual Machine (EVM), allowing portability of decentralized applications (dAPPs) and has very low hardware requirements for participants to become validators.
About the portal:
Portal is a self-hosted wallet and bridgeless cross-chain layer 2 decentralized exchange (DEX) built on top of Bitcoin. With a team of experienced Bitcoin users and a focus on atomic swaps, Portal seeks to redefine cross-chain transactions, providing users with a secure, private, and efficient decentralized finance experience.
# # #
Waterfall Network Media Contact: (email protected)
Portal company contact information: (email protected)
