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Portal to Bitcoin
Portal to Bitcoin feels like a new kind of protocol - one that minimizes trust for atomic swaps between Bitcoin and other blockchain assets. No custodial bridges. No wrapped tokens. It's built on something called BitScaler technology. Users keep control of their assets during swaps. Pretty straightforward.
What is Portal to Bitcoin (PTB) Token?
PTB powers everything in the Portal ecosystem. Not super complex.
Validators stake it for network security. People pay fees with it. Liquidity providers get incentives. Everyone votes with it.
The total supply? 8.4 billion tokens. They're spread around to different groups.
Portal Crypto Features and Benefits
BitScaler tech mixes channel factories with Taproot. Scales Bitcoin for DeFi stuff. Kind of impressive.
The architecture minimizes trust. Atomic swaps get security from blockchain consensus. Seems robust.
You control your assets. Your keys stay yours. Non-negotiable.
It works across chains. Bitcoin and other networks play nice together.
Validators? There's 42 of them. They compete in some staking model.
Use Cases
Institutions can trade Bitcoin without custodial risks. Nice.
DeFi on Bitcoin becomes possible.
Cross-chain arbitrage opens up.
Regular folks get non-custodial trading too.
The Future of Portal to Bitcoin
Portal has plans. More cross-chain compatibility. Lightning Network integration. Advanced DeFi primitives.
The endgame isn't entirely clear, but it looks like gradual decentralization. Governance and operations shift to the community. We'll see how it plays out.