About Airdrop
Portal To Bitcoin stands out as a revolutionary solution in the decentralized trading space by leveraging Bitcoin’s robust security and scalability. Unlike previous attempts at decentralized exchanges, Portal is built on multiple layers of Bitcoin, ensuring a trustless and permissionless ecosystem. A significant challenge in cross-chain transactions has been the complexity and inefficiency of atomic swaps. While the concept of atomic swaps has existed for years, existing implementations struggle with usability, speed, and high fees. Portal addresses this issue with a decentralized coordination protocol that streamlines event sequencing across chains, allowing seamless execution of HTLC-based swaps without requiring users to remain online constantly. This innovation enhances user experience while preserving the atomicity of swaps.
To further optimize transaction efficiency, Portal fully embraces Layer-2 technology across multiple blockchains, including Bitcoin. By utilizing Layer-2 scaling solutions, Portal achieves transaction speeds that rival centralized exchanges while maintaining decentralization. Another critical innovation is the Automated Dynamic Market Maker (ADMM), an advancement over conventional automated market makers. ADMM is specifically designed to handle the complexity of cross-chain liquidity provisioning, offering superior capital efficiency and pricing precision. This dynamic approach redefines liquidity strategies, making it more attractive for market participants and liquidity providers.
Recognizing the limitations of liquidity management in existing systems like the Lightning Network, Portal has also introduced a simplified version of Channel Factory on Layer-3. This implementation enhances trade execution speed and efficiency within the Lightning Network by enabling rapid and seamless trading transactions. With these innovations, Portal combines security, decentralization, and speed to create a truly scalable cross-chain trading ecosystem, making decentralized finance (DeFi) more accessible and practical for global adoption.
Portal Testnet V2 is LIVE! Earn Sparks & Compete for Rewards
Portal To Bitcoin is taking decentralized trading to the next level with the launch of Testnet V2, bringing fresh competition, new rewards, and an upgraded leaderboard system. Participants can now accumulate Sparks over the next four weeks by completing various tasks, with all rewards distributed at the end of the event.
Testnet V2 introduces a revamped leaderboard, ensuring fairness and consistency in reward distribution. Social tasks have been expanded, giving users even more ways to earn bonus Sparks. Engaging with the community, completing on-chain tasks, and participating in events on Discord are key ways to climb the leaderboard. This is your chance to be part of Portal’s next evolution while earning rewards for your contributions.
Step-by-step guide
- Visit the Testnet Page.
- Add Portal DEX to Chrome & Create your Wallet.
- Connect your Wallet at the Testnet Page.
- Bind your Social Media & Complete the tasks:
- Follow @portaltobitcoin on X for Sparks.
- Follow Portal To Bitcoin Discord Server for Sparks.
- Join @portalgroupchat on Telegram for Sparks.
- Complete other Social Media Tasks.
- Refer friends to boost your Sparks!
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