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

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.

Digital Assets

Binance’s CZ could stay in prison until 2027, wife begs for mercy

Changpeng “CZ” Zhao, the founder and former CEO of Binance, has apologized for his decisions and accepted “full responsibility” in a letter to U.S. District Judge Richard A. Jones.

Digital Assets

Monex Group expands crypto business with 3iQ takeover

Monex Group has completed the acquisition of a majority stake in 3iQ Digital Holdings, Inc., a Canadian digital asset investment fund manager, as part of its strategy to expand its crypto business.

Education, Fintech, Inside View

How to Get Into Fintech: Best Tips to Succeed

The Fintech sector is experiencing significant growth, with fresh opportunities emerging rapidly.  Innovations such as machine learning and cryptocurrency are revolutionising finance, leading to a need for trained experts.

<