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

Uncategorized

US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.

Technology

SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

<