Portal has reached a strategic partnership with Bitlayer, Sovryn, and Tari to launch an incentive testnet

ChainCatcher news, according to Cointelegraph, the non-custodial Bitcoin interoperability protocol Portal has announced important strategic partnerships with Bitlayer, Sovryn, and Tari, and is set to launch an incentivized testnet. Portal provides users with a revolutionary, fully decentralized way to access Bitcoin liquidity by innovatively combining the Lightning Network and atomic swap technology. The platform does not rely on centralized intermediaries or custodians, ensuring users have complete control over their assets.

It is reported that Bitlayer, as a Bitcoin sidechain/L2 solution, will provide Portal with faster transaction speeds and enhanced privacy features.

Sovryn integrates its Bitcoin-backed stablecoin DLLR into the Portal DEX, enabling one-click trading with native BTC without the need for bridging, wrapping, or custody.

The addition of Tari will expand the tokenization and trading possibilities of digital assets, allowing users to seamlessly trade various digital assets with Bitcoin as the settlement layer.