B2 Network Teams Up with Portal to Enhance Bitcoin dApp Development
San Francisco-based B2 Network, the pioneering Bitcoin rollup with zero-knowledge proof (ZKP) verification, has declared its partnership with Portal, a prominent decentralized cross-chain swap protocol.
In summary, B2 Network has joined forces with Portal to introduce their native token and other BRC-20 tokens to the Portal DEX network. This move is aimed at boosting visibility and adoption for B2 Network’s technology, allowing more developers to construct dApps on Bitcoin.
Portal will now facilitate the trading of B2’s tokens, enabling seamless cross-chain atomic swaps without the need for bridges or custody. This integration will grant B2 ecosystem participants access to assets across chains such as Bitcoin, Ethereum, and Arbitrum.
Users will now have the ability to mine B2 tokens by bridging assets across chains and earn yields/rewards through the B2 Buzz program.
As the first ZKP rollup for Bitcoin, B2 Network offers increased transaction speeds and supports various dApp functionalities without compromising Bitcoin’s security. The network is designed to be compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to build on B2 using existing skill sets.
The collaboration with Portal will list B2’s native token on the Portal DEX following B2’s upcoming Token Generation Event. Other BRC-20 tokens from B2’s ecosystem will also be supported. In return, B2 Network participants will gain direct access to assets from chains like Bitcoin, Ethereum, and Arbitrum through Portal’s platforms.
The key innovation behind this collaboration is Portal’s use of atomic swaps, which allows for trustless trading of native blockchain assets across chains. This feature eliminates the need for conversions, custodial risk, or liquidity fragmentation when trading assets such as BTC and ETH.
According to Chandra Duggirala, Co-Founder and CEO of Portal, “We’re thrilled to have B2 Network utilize Portal’s atomic swaps to enhance liquidity. This integration will increase B2’s visibility and attract more developers to use their technology to build dApps on Bitcoin.”
B2 Network was established with the goal of transforming Bitcoin into a platform for decentralized applications, not just a store of value. To achieve this goal, it recently secured funding from major VCs like HashKey Capital. JJ, a partner of B2 Network, shares this vision to innovate on Bitcoin.
For Portal, deeper Bitcoin integrations are aligned with their commitment to financial self-sovereignty. As a pioneer in trust-minimized products, Portal’s support for Bitcoin-based tokens promotes permissionless innovation on Bitcoin’s network.
The integration allows B2’s community members to utilize Portal’s platforms for simplified cross-chain swaps, enabling them to mine B2 tokens by bridging assets across chains and earn yields/rewards. This accessibility helps bootstrap liquidity for B2’s ecosystem.
B2 Network’s rollup technology enhances scalability and usability for Bitcoin without compromising its security. By bringing Bitcoin’s native assets onto Portal’s decentralized exchange, trustless cross-chain liquidity and swaps become a reality.
Their shared vision to stimulate permissionless innovation on Bitcoin makes this integration a natural fit. Developers building on B2 gain simplified access to existing DeFi ecosystems while contributing to Bitcoin’s maturity through new financial use cases.
With solutions like ZKPs gaining more traction, Bitcoin’s recognition as the apex asset could expand into being the apex platform for global finance. Collaborations like B2 Network and Portal’s integration are crucial steps towards realizing that future.
