Waterfall Network Integrates with Portal to Enable Faster Cross-Chain Transactions with Virtually Unlimited Scalability
ZUG, SWITZERLAND , Feb. 05, 2024 (GLOBE NEWSWIRE) -- Waterfall Network, the first truly decentralized and scalable ledger, today announced its integration with Portal Defi, a self-hosted wallet and a bridgeless cross-chain layer two decentralized exchange (DEX) built on Bitcoin.
Waterfall protocol supports the full functionality of decentralized exchanges like Portal due to its compatibility with Ethereum Virtual Machine (EVM), serving the vast existing Ethereum developer base without learning new programming languages. Plus, its protocol incorporates a first-of-its-kind “Directed AcyclicGraph (DAG)” technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with minimal processing power requirements that allow anyone to run a validator node. The integration of Portal DEX introduces a groundbreaking approach to cross-chain transactions, providing a seamless, fast, and secure bridge between Bitcoin and other digital assets.
“Unlike traditional bridge solutions and wrappers that can be cumbersome, custodial, and vulnerable to security threats, Portal’s integration with Waterfall Network will enable fast and secure transactions,” said Chandra Duggirala, Co-founder and CEO of Portal. “We are really impressed with Waterfall Network’s technology and excited to align our vision to improve the efficiency of cross-chain transactions.”
Integration Highlights include:
Built by OG bitcoiners, including pioneers behind the technology of the first bitcoin debit card and cross-chain exchange, Portal sets itself apart within the industry while Waterfall Network’s speed and scalability make it a leader among L1 protocols. As such, both Waterfall Network and Portal are poised to transform the decentralized finance landscape, providing a secure, efficient, and user-friendly platform for cross-chain transactions. The partnership represents a significant step forward in achieving mass adoption and fostering innovation in the blockchain industry.
About Waterfall Network:
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