ChainPort is the First Bridge to Support Permissionless Porting to Dogechain

FinanceFeeds Editorial Team

ChainPort has become the first cross-chain bridge to support permissionless token porting to Dogechain. With ChainPort’s assistance, users can easily transfer tokens from several supported blockchain ecosystems to Dogechain. 

ChainPort has become the first cross-chain bridge to support permissionless token porting to Dogechain. With ChainPort’s assistance, users can easily transfer tokens from several supported blockchain ecosystems to Dogechain. 

Supported chains include Ethereum, BSC, Polygon, and Fantom, with additional native token support to be added soon. Tokens can now be transferred across blockchains via ChainPort safely and permissionless to DogeChain. You can test it right now yourself on the bridge – http://app.chainport.io 

‘Our mission is to increase interoperability securely between as many chains as possible. As we become the first and only bridge to allow porting altcoins to Dogechain, we mark a significant milestone for our project.’ – says Erez Ben-Kiki, CEO and Co-founder at ChainPort.

Dogechain is a layer-2 solution developed for Dogecoin (DOGE) built on the Polygon Edge “private label” framework. Dogecoin holders can access smart-contract functionalities such as DeFi services, DAOs, NFTs, and gaming projects. Dogechain claims to be focused on its community with no VC allocations.

All transactions on Dogechain are settled in DOGE, with a unique DC token that will be airdropped to Dogecoin holders later this year. These DC tokens will enable users to partake in proof of stake governance on Dogechain. 

It is important to note that Dogechain and Dogecoin are not affiliated. Both projects have different development teams.  

About ChainPort  

ChainPort is a next-gen cross-chain bridge that provides custodian-level security with full interoperability. ChainPort introduces an unprecedented level of security architecture, porting tokens safely across blockchains with just a click.

95% of the funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig.

ChainPort is a permissionless bridge that is already porting more than 140 tokens between blockchains, with additional projects joining daily. Porting is done in just minutes through a straightforward UI without the need for any technical integration. 

Since its launch in 2021, Chainport has managed 35,000 ports and $500,000,000 in volume. 

Read this next

blockdag

BlockDAG’s $28.5M Presale Ignites Investor Frenzy! Dashboard Upgrade Unveils Top Rankings, Overshadowing Retik Finance Listings!

Learn how BlockDAG’s updated dashboard, featuring detailed community rankings, is diverting investor interest from Retik Finance’s anticipated market entries.

Digital Assets

Gala Games reportedly hacked for $200 million, token nosedives

The native token of crypto gaming project Gala Games (GALA) dropped sharply amid rumors of a massive transfer worth over $200 million that traders suspected might be a hack.

Digital Assets

Ether skyrockets amid rumors of spot ETF approval

The chances of the U.S. government approving spot Ether ETFs have increased, according to top Bloomberg ETF analysts. Initially viewed as unlikely, analysts James Seyffart and Eric Balchunas now see a 75% chance of approval, up from 25%, following recent developments.

Digital Assets

New York judge approves $2 billion settlement with Genesis

A New York bankruptcy judge has approved a $2 billion settlement between the New York State Attorney General’s office and crypto lender Genesis, marking the largest settlement against a crypto firm in the state’s history.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Policy, ECB, Geopolitical Tensions, May 20 ,2024

Fed holding rates to fight inflation, ECB likely cuts June rates, geopolitical tensions favor safe-haven USD

Digital Assets

Grayscale CEO steps down, replaced by Goldman Sachs veteran

Grayscale CEO Michael Sonnenshein after 10 years with the digital asset investment firm, the company said on Monday.

blockdag

Influencers Fuel BlockDAG’s $28.4M Presale Amid Solana Price Surge & Kaspa Bull Run

Dive into BlockDAG’s presale success, boosted by influencer endorsements. Explore the Solana price surge and Kaspa’s bullish sentiments.

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 20 May, 2024

EURGBP currency pair can be expected to fall further toward the next support level 0.8525, which is the low of the previous corrective wave ii.

Digital Assets

Pump.fun exec arrested for $1.9 million exploit, claims bail in UK

Jarett Dunn, a former employee of the memecoin creator and trading platform pump.fun, claims he was arrested and subsequently released on bail in the United Kingdom following a $1.9 million exploit on the platform.

<