By Maximiliano Stochyk Duarte
TL;DR
- Lots of different blockchains with various features are competing against each other.
- A blockchain bridge can allow people to easily transfer funds between different blockchains.
- ChainPort is the easiest and most interactive blockchain bridge on the market right now.
- ChainPort provides one of the very few permission-less blockchain bridges on the market.
The blockchain industry has expanded well beyond its humble beginnings from a simple blockchain that just provided a decentralized currency with an immutable ledger. Modern-day blockchains come equipped with a variety of services & modifications capable of providing a lot more utility than their older, more simple counterparts.
Modern blockchains generated a huge wave of adoption and usage for blockchain technology. Additionally, all these new and innovative blockchains have led to push and pull factors that drive people to and from different blockchains.
Moving from one blockchain to another is easier said than done though because the process of transferring funds to a new blockchain is difficult, confusing, and in many cases costly. ChainPort is designed to solve the issues of current blockchain bridges by creating a simple, user-friendly, and permission-less platform for people to move their funds between different blockchains.
A Complex Transit
A lot of the latest specialized blockchains come equipped with advanced features that attract users interested in moving their funds onto them. In many cases, the issues related to the current incumbent blockchains result in users moving away from those networks.
As more specialized blockchains arise in this space, so is the need for individuals to transfer some of their tokens over to these chains. There are various reasons as to why people would get pulled to different blockchains, such as lower fees, faster transactions, more trading activity & liquidity, a particularly famous DApp, and energy efficiency.
People’s willingness to move their tokens to different networks is one thing, but the ability to move them is a whole other issue. Many blockchains have tried giving people who are willing to transfer tokens to and from their network a blockchain bridge.
The problem, though, is that many of these blockchain bridges/other tools used to port tokens through networks are very difficult to use, and provide users with a terrible user experience.
Another key factor to keep in mind about the existing blockchain bridges is that many of them do not support a lot of tokens, and aren’t even permission-less. For example, there are nearly a thousand ERC-20 tokens on the market, but only less than a hundred of them have actually been bridged over to BSC through the BINANCE bridge.
ChainPort
ChainPort is a permission-less bridge between blockchains. ChainPort allows users to easily port their tokens over to various blockchains (and vice-versa) in just a few simple clicks.
Providing a bridge between blockchains is still a very nascent service in this space, and Chainport is one of its pioneers.
ChainPort does not create any of the push or pull factors a blockchain has, and it only acts as the tool necessary for people to move tokens from one chain to another.
The primary benefit of using ChainPort’s bridge is its extremely easy-to-use interactive interface. Chainport’s interface always keeps the user in the loop on what is the status of their blockchain-blockchain token transfer in real-time. ChainPort’s really straightforward and interactive interface creates a stress-free blockchain bridge.
ChainPort is one of the first permission-less listing blockchain bridges in this space. ChainPort’s permission-less nature will allow teams or DAOs to easily use the many blockchain bridges (Ethereum, BSC, Polygon, and others) ChainPort has to offer without needing permission from any entity.
Let the ChainTreks Begin
Despite its enormous success, the blockchain industry is still a nascent industry. The blockchain space potential is limitless, and the blockchain industry still has a long way to go before becoming fully mature.
Whilst this industry is in its early stages many of the existing blockchains will constantly be vying for industry dominance, and with new blockchains rapidly emerging the competition among blockchains will be rife.
ChainPort will act as the bridge or gateway between different blockchains. ChainPort is one of the first permission-less blockchain bridges on the market. Most importantly, ChainPort takes away all the stress of moving between blockchains by providing the easiest & most interactive interface a user could possibly ask for.
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