$43M raised from Coinbase, OKX, Arrington & more. @PortaltoBitcoin are creating real Bitcoin swaps across chains. No need for middlemen, wrappers or bridges anymore. Here’s what you need to know 🧵👇
2/ The Pitch @PortaltoBitcoin lets you swap BTC, Ordinals, and Runes with assets on other chains. They make sure it’s non-custodial and no one touches your keys. So if the trade doesn’t execute, nothing moves.
3/ Atomic Swap At the centre of it all is Atomic swaps. Both sides deliver or the trade cancels automatically. It’s basically built so you can never get half-rugged. That’s how @PortaltoBitcoin removes bridge but keeps Bitcoin P2P at the same time.
4/ BitScaler Bitcoin is slow by default but Bitscaler fixes that: - Scales horizontally + vertically - Lets more trades settle at once - Doesn’t change Bitcoin’s base protocol You get speed and efficiency while staying as secure as possible.
5/ Backing @PortaltoBitcoin raised $42.5M from Coinbase Ventures, OKX Ventures, and Arrington Capital. The team themselves are Bitcoiners since 2011. They built the first BTC debit card AND one of the first AMMs. Safe to say that they know the game quite well.
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