Yona Network Announces Partnership with Portal to Bitcoin
Yona Network are pleased to announce a bilateral integration with Portal to Bitcoin!
Yona Network and Portal to Bitcoin partnership explained
We’re excited to announce a new partnership between Yona, real-time SVM-based BTC L2 and Portal, an innovative platform designed to unlock Bitcoin liquidity.
At the core of Portal to Bitcoin’s capabilities is the Lightning Network, a second-layer protocol developed to facilitate instant and low-cost Bitcoin transactions. By leveraging the Lightning Network, Portal to Bitcoin significantly enhances the speed and efficiency of Bitcoin transfers, allowing users to move their assets quickly with minimal transaction fees. This is particularly beneficial for traders and users who need fast access to their funds. In addition to the Lightning Network, Portal to Bitcoin uses atomic swaps to streamline direct peer-to-peer exchanges between Bitcoin and other cryptocurrencies.
Bitcoin has long been the bedrock of blockchain security and a trusted store of value. However, its limitations in scalability and interoperability have hindered its ability to fully participate in the dynamic and fast-evolving world of DeFi. Recognizing these challenges, Yona Network and Portal to Bitcoin are joining forces to bridge this gap. Together, we will offer users the combined strengths of Bitcoin and Solana, enabling secure, trustless, and high-speed transactions across multiple blockchains.
This is achieved through a bilateral integration: Portal integrates its Swaps SDK into the Yona Network infrastructure, while Yona integrates its native token into the cross-chain AMM Portal DEX. The Portal Swaps SDK, in turn, will enable Yona Network users to seamlessly perform cross-chain atomic swaps between Bitcoin, Solana, and Ethereum. Also this will enable atomic swaps for DEXs, wallets and dApps in the Yona Network ecosystem. This integration enhances Yona's interoperability, allowing users to safely and efficiently transfer assets across different blockchains.
As a result, users will gain the ability to execute atomic swaps between major blockchains and access a wide range of assets, including fungible tokens, NFTs, and BRC-20 tokens. On other hand with the integration of Yona Network, Portal offers real-time performance.
Together, Yona Network and Portal to Bitcoin are building the foundation for a more connected, interoperable, and user-centric DeFi ecosystem, one where users can fully harness the power of their digital assets without limitations. In addition, Portal to Bitcoin previously announced integrations with industry titans around Bitcoin such as Bitlayer, Sovryn and Tari.
About Portal to Bitcoin
Portal to Bitcoin, formerly known as Portal DeFi, is a trust-minimized protocol designed for fast, secure atomic swaps between Bitcoin and other blockchain assets. Powered by BitScaler, Portal enables non-custodial trading across multiple blockchains without relying on intermediaries. With backing from Coinbase Ventures, OKX Ventures, and Arrington Capital, Portal ensures user funds are always secure without the need for bridging or wrapping.
Portal to Bitcoin links:
Website | Twitter | Discord | Medium | Telegram
About Yona Network
Yona is a real-time latency Bitcoin L2 blockchain enabling Web2 experience for dApps. We use custom hyper-optimized modularized SVM to achieve superior performance with less than 10ms latency and block time. Yona enables lightning-fast transactions and offers limitless scalability, paving the way for next-generation protocols tailored to enhance the user experience within the Bitcoin ecosystem.
Yona Network links:
Website | Documentation | Twitter | Discord | Blog