Waterfall Community Integrates with Portal to Allow Quicker Cross-Chain Transactions with Nearly Limitless Scalability


Waterfall Community, the primary really decentralized and scalable ledger, as we speak introduced its integration with Portal Defi, a self-hosted pockets and a bridgeless cross-chain layer two decentralized trade (DEX) constructed on Bitcoin. 

Waterfall protocol helps the total performance of decentralized exchanges like Portal on account of its compatibility with Ethereum Digital Machine (EVM), serving the huge present Ethereum developer base with out studying new programming languages. Plus, its protocol incorporates a first-of-its-kind “Directed AcyclicGraph (DAG)” know-how that permits for just about limitless scalability and portability of decentralized functions (dAPPs) with minimal processing energy necessities that enable anybody to run a validator node. The mixing of Portal DEX introduces a groundbreaking method to cross-chain transactions, offering a seamless, quick, and safe bridge between Bitcoin and different digital property. 

“Not like conventional bridge options and wrappers that may be cumbersome, custodial, and susceptible to safety threats, Portal’s integration with Waterfall Community will allow quick and safe transactions,” stated Chandra Duggirala, Co-founder and CEO of Portal. “We’re actually impressed with Waterfall Community’s know-how and excited to align our imaginative and prescient to enhance the effectivity of cross-chain transactions.” 

Integration Highlights embrace:

  • Atomic Swaps Performance: Portal’s Layer 2 cross-chain Atomic Swaps performance, built-in into Waterfall Community’s ecosystem, allows safe and personal transactions between Bitcoin and different digital property, eliminating the necessity for conventional bridge options.

  • AMM Contracts and Layer 2 Integration: With Automated Market Maker (AMM) contracts constructed on suitable chains, the combination facilitates quick, low-cost, and personal swaps. 

  • Testnet Progress and Mainnet Launch: Portal DEX is presently coming into its testnet part, with contracts present process rigorous evaluations whereas Waterfall Community not too long ago launched its Testnet 8 as each entities put together for mainnet launches within the coming months.

“The mixture of AMM and Layer 2 to make transactions quicker, cheaper and safer represents a major industry-first,” stated Sergii Grybniak, BlueWave CTO and Waterfall Community Head of Analysis. “Waterfall Community acknowledges the growing reputation of chains and property sooner or later and we’re happy to associate with Portal to enhance cross-chain transactions constructed on the sturdy basis of Bitcoin.”

Constructed by OG bitcoiners, together with pioneers behind the know-how of the primary bitcoin debit card and cross-chain trade, Portal units itself aside inside the {industry} whereas Waterfall Community’s pace and scalability make it a frontrunner amongst L1 protocols. As such, each Waterfall Community and Portal are poised to rework the decentralized finance panorama, offering a safe, environment friendly, and user-friendly platform for cross-chain transactions. The partnership represents a major step ahead in attaining mass adoption and fostering innovation within the blockchain {industry}.

About Waterfall Community:
Waterfall is the main layer one (L1) structure to resolve pace, safety, and scalability, all whereas providing a very decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and permits it to run a validator node from any gadget, together with low price laptops and cell phones. Waterfall is a hundred percent Ethereum Digital Machine (EVM) suitable, permitting for portability of decentralized functions (dAPPs), and has very low {hardware} necessities for the contributors to turn out to be validators. 

About Portal:
Portal is a self-hosted pockets and a bridgeless cross-chain layer two decentralized trade (DEX) constructed on Bitcoin. With a staff of skilled Bitcoiners and a concentrate on atomic swaps, Portal seeks to redefine cross-chain transactions, offering customers with a safe, personal, and environment friendly decentralized finance expertise.

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Waterfall Community Media Contact: [email protected] 

Portal Firm Contact: [email protected] 


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