As blockchain technology keeps evolving, cryptocurrency trading is growing day by day. Just a few years ago, only centralized exchanges (CEX) existed in the market and people would not mind using them. As time goes by, a very long list of CEXs were hacked and people started moving to trade on decentralized exchanges (DEX) to retain control, custody and security over their own funds.
However, current crypto industry is extremely fragmented as different blockchains are isolated from each other. Traders who want to trade cryptos of different blockchains may either find themselves creating multiple accounts on various exchanges or signing up one account on a CEX but comprise their security by giving out the private key. It’s not enough to support one single network anymore. Traders want to be able to trade assets across different blockchains, especially Bitcoin.
So the problem here is, how do we get blockchains to “talk” to one another? How do we exchange value between Bitcoin and Ethereum? That’s where DINNGO’s cross-chain technology kicks in to help fulfill that desire — Portus Project. Just because Bitcoin and Ethereum are two incompatible blockchains doesn’t mean the value they represent can’t be traded. We’re here to build the bridge to facilitate the cross-chain transfer of assets. It’s definitely not an easy problem to solve, but after more than a year of hard work, we are finally pushing this groundbreaking technology to the forefront of the blockchain industry.
With DINNGO’s Portus protocol, you can finally exchange between BTC and ETH directly from your wallets, in one platform. It’s important to emphasize that you hold your private keys throughout the entire cross-chain process. You never have to give up control of your funds at any point. Furthermore, there is no increase in security risk when performing cross-chain trading. The risk is exactly the same as storing your coins or tokens in any online wallet.
As a result, it is unquestionably more secure to perform cross-chain trading on DINNGO than on CEXs. No more middleman. No more hassles of switching accounts and platforms. You can trade BTC and ETH “decentralizedly” on DINNGO. At the same time, we have constantly advanced DINNGO platform by adding more features, improving user experience and designs.
The biggest challenge of cross-chain solution perhaps is getting Ethereum network to “talk” to Bitcoin network because they are two completely different systems, one has smart contract structure but the other doesn’t. Now that we have successfully launched Portus, we will continue developing our technology to enable more chains to communicate with each other. It’s foreseeable that in the future, tokens from different blockchains can easily be exchanged. DINNGO is committed to leading the crypto industry toward that destination. We welcome you to join us together to change the landscape of crypto trading.
In our next article, we will be talking about how we design Portus. Stay tuned.
Links
- Official Website: dinngo.co
- Twitter: https://go.dinngo.co/twitter
- Contact Us: support@dinngo.co
