๐๐ฟ๐ถ๐ฑ๐ด๐ฒ๐ ๐ฎ๐ฟ๐ฒ ๐๐ฟ๐ผ๐ธ๐ฒ๐ป โ ๐๐โ๐ ๐ง๐ถ๐บ๐ฒ ๐ณ๐ผ๐ฟ ๐๐๐ผ๐บ๐ถ๐ฐ ๐ฆ๐๐ฎ๐ฝ๐
Ever wonder why bridges keep getting hacked and losing billions?
Itโs not bad luck, itโs bad architecture!
Letโs break down how cross-chain trading should work ๐งต๐
Most bridges work like this:
โ Lock your assets in a smart contract
โ Mint a wrapped version on another chain
โ Trust a validator, oracle, or relayer to make it all work
Thatโs a lot of moving parts, and a lot of risk.
In 2022 alone, bridge hacks cost users over $2.5B.
Wormhole, Ronin, Harmony, were the largest cases, but a whole bunch of smaller exploits h appened too.
Why? Because the more centralized the trust is, the bigger the failure when things go wrong.
But what if cross-chain swaps didnโt need trust at all?
What if they didnโt need validators, relayers, or wrapped tokens too?
Thatโs exactly where ๐ฎ๐๐ผ๐บ๐ถ๐ฐ ๐๐๐ฎ๐ฝ๐ come in.
Powered by ๐๐ง๐๐๐ (Hashed Time-Locked Contracts), theyโre the foundation of our tech stack.
HTLCs are simple but incredibly powerful:
Bookmark this Simplified & Explained quickie, but tomorrow weโll dig into them deeper.
โ๏ธ A cryptographic secret enforces fairness
โ๏ธ timeout ensures no one can get rugged
โ๏ธ If both sides complete, the swap happens. If not, assets are refundedโautomatically.
TLDR: No middlemen. No custody. No drama.
Portal leverages HTLCs to enable native BTC <> ETH swaps (and other assets too) without giving up your keys or using bridges.
You stay in full control, always. This isnโt just theory. Itโs shipping.
Instead of asking you to trust its validators, Portal eliminates the need for trust entirely.
No multisigs.
No wrapped assets.
No governance drama.
Just easy, cryptographically enforced swaps across chains.
Portal represents a whole new way of making swaps in DeFi:
From โbridge protocolsโ to ๐ถ๐ป๐๐ถ๐๐ถ๐ฏ๐น๐ฒ ๐ถ๐ป๐๐ฒ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐.
From complex smart contracts to ๐บ๐ถ๐ป๐ถ๐บ๐ฎ๐น, ๐๐ฒ๐ฟ๐ถ๐ณ๐ถ๐ฎ๐ฏ๐น๐ฒ ๐ฝ๐ฟ๐ถ๐บ๐ถ๐๐ถ๐๐ฒ๐.
Cross-chain is finally becoming trustless ๐
Like, Repost and ๐๐ฉ๐๐ง๐ฉ ๐๐๐ฅ๐ฅ๐๐ฃ๐ ๐ฉ๐ค ๐๐ค๐ค๐จ๐ฉ ๐ฎ๐ค๐ช๐ง ๐จ๐ค๐๐๐๐ก ๐ข๐๐๐๐ ๐๐ฃ๐๐ก๐ช๐๐ฃ๐๐!
Up tomorrow:
โ๐ช๐ต๐ฎ๐ ๐ถ๐ ๐ฎ๐ป ๐๐ง๐๐, ๐ฎ๐ป๐ฑ ๐๐ต๐ ๐ถ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ ๐ฒ๐๐ฒ๐ฟ๐๐๐ต๐ถ๐ป๐ด.โ
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