Crypto Rand

📜 My VC has travelled a long road with @PortaltoBitcoin having invested in the project back in October 2021.

Its been a long journey, but they have an amazing product.

I hosted an AMA with them in my Discord last week. Here are the best bits from the AMA. A thread 🧵 👇

📍 Why #PortaltoBitcoin vs. an Exchange?

Portal offers non-custodial, trustless TXs, enhancing security & privacy compared to traditional exchanges.

By eliminating centralized bridges & using atomic swaps, they provide a secure, low-cost solution that outperforms competitors.

📍 Why Choose Portal to Bitcoin:

By eliminating centralized intermediaries & bridges, users retain full control over their funds, reducing risks associated with hacks & fraud.

Portal's use of atomic swaps and #Layer2 solutions also ensures fast, low-cost transactions.

📍 Portal to Bitcoin aims to:

🔸 Enhance decentralization by promoting true peer-to-peer trading

🔸 Increase security using atomic swaps & HTLCs to prevent hacks

🔸 Facilitate seamless cross-chain TXs

🔸 Innovate in privacy to protect user data

🔸 Improve scalability and efficiency by eliminating intermediaries.

Portal is working to provide liquidity with all trading pairs that will be available through Portal's native swaps.

Partners that have their trading pairs available to swap leveraging Portal's native cross chain swaps will be providing liquidity directly.

📍 Benefits of using Portal for cross-chain swaps:

They innovated on an old technology called "cross-chain atomic swaps" which is the only truly cross-chain & truly non-custodial method of trading disparate assets.

It was invented to allow $BTC <> $LTC trading trustlessly, but had problems at scale.

By pushing out to Layer 2, they are able to accomplish this.

All other so-called cross-chain #DEX technologies EITHER:

🔸Are not really cross-chain (meaning they require bridging first) or

🔸Are not really custodianless (meaning there's a collusive ability to be in control of funds)

📍 Socials:

🔸 TwitterX: @PortaltoBitcoin

🔸 Website:   t.co/y3HndvVaj4

@PortaltoBitcoin ⚡️ There is no doubt that @PortaltoBitcoin will become the premier gateway for seamless #Bitcoin engagement.

For access to the full AMA as well as other project research, technical analysis etc. then join my free Discord: 👇

  discord.gg/rand