Portal is the most powerful ! Looking at the comparison table for @PortaltoBitcoin , it's clear that Portal has several advantages over competing protocols like Thorchain, Chainflip, Wormhole, LayerZero, and Axelar. Shall we take a quick look? 1⃣ Bridgeless Architecture Portal operates without a bridge so No bridge hack risk Other protocols operate Mostly bridge-based (except Chainflip) Portal leads in terms of security 2⃣ Native Bitcoin (BTC) Support Portal, Thorchain, Chainflip Support BTC directly Wormhole, LayerZero, Axelar Do not support BTC For users engaging in cross-chain BTC activity, Portal is far more useful 3⃣ Support for Multiple Bitcoin L2s (e.g. Lightning) Portal supports various BTC Layer 2s like Lightning All competitors are No L2 support Portal offers scalability and faster settlement, making it more practical for real-world use 4⃣ Fast & Simple Swaps Portal has One-click atomic swaps; BTC swaps are nearly instant via Lightning Thorchain, Chainflip: Support BTC swaps, but execution may take hours Wormhole, LayerZero, Axelar has No swap functionality only bridging ;separate DEX needed Portal delivers a superior user experience with fast, seamless swaps 5⃣ HTLC-Based & Non-Custodial Portal: Assets remain fully user controlled (HTLC-based, trustless) All other protocols: Use multisig custodial setups (user doesn’t fully control assets) Portal is the only one that maintains full decentralization and user ownership As we can see that, portal stands out among cross-chain infrastructure with unique advantages in Bitcoin support, security, transaction speed, and user wealth management As I was preparing today’s post, I feel proud to be supporting Portal which has truly impressive technology 😄
What sets us apart from the competition? We crafted a table to make it easy for you —
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.