
syk233 MemeMax โก๏ธ|๐ฌTermMax|7ๆ 01, 2025 02:42
It is almost certain that Portal to BTC @ PortaltoBitcoin is another major player after Newton. Why do you say that?
one โฃ Portal to BTC and Newton are both infrastructure
Portal to BTC, as a cross chain DEX based on BTC, solves one of the most challenging problems at present MEV๏ผ๐ ๐ถ๐ป๐ฒ๐ฟ ๐๐
๐๐ฟ๐ฎ๐ฐ๐๐ฎ๐ฏ๐น๐ฒ ๐ฉ๐ฎ๐น๐๐ฒ๏ผ
The swaps of Portal DEX are not public memory pool transactions waiting for confirmation. They are private contracts pre negotiated between the two parties and executed by Hash Time Locked Contracts (HTLCs)
Every exchange is atomic. You either fulfill your obligations and get what you want, or the contract expires and both parties benefit in full
In Portal, MEV does not exist because there is simply no place to accommodate it, which makes Portal not only safer for users but also more attractive to institutions, with no sandwich attack risk. No slippage game. No improper behavior by validators or dark pool dynamics, only clean and definite results, zero information leakage
two โฃ Channel Factors of Portal to BTC
The pain points of the current Lightning Network are:
โ It only supports payment channels for both parties - limiting flexibility and requiring users to establish direct or routing connections between them
โก Poor composability - difficult to integrate with other DeFi protocols or smart contracts, leading to increased difficulty in innovation
โข Liquidity management is complex - it is necessary to actively manage funds and maintain balance between various channels, which can cause friction between users and operators
And Portal to BTC's Channel Factors effectively solve this problem:
A single on chain transaction creates a 'factory', which can be viewed as a shared channel hub. Within this factory, multiple users can open, close, and rebalance off chain channels, and all activities take place off chain. This means:
โ Less on chain costs
โก Faster transactions
โข More flexible channel management
three โฃ Portal to BTC Background
The background of Portal to BTC is very strong, with Coinbase investing twice in a row and top venture capitalists such as arring also investing. At the same time, the founders are also old OGs of the BTC ecosystem, who have a good understanding of the BTC ecosystem and are very clear about the crux of the BTC ecosystem
Summary: As the leader of the BTC ecosystem, Portal to Bitcoin did not follow the traditional Layer 2 route, but focused on fundamentally solving problems such as MEV, self hosted BTC, and Lightning Network. These are urgent challenges that need to be addressed at present, and a dedicated tutorial will be provided later to explain how to interact with Portal to Bitcoin