Telos Partnership with Chainport
Telos is pleased to announce a partnership with Chainport, marking a new and exciting development for the Telos Network.
This partnership will allow for the seamless transfer of assets from different blockchains to Telos, enabling users to take advantage of the unique features and capabilities of the Chainport bridge.
Partnership Highlights
ChainPort is a blockchain infrastructure service provider that specializes in providing interoperability solutions. By partnering with ChainPort, Telos can benefit from ChainPort’s expertise in connecting different blockchain networks, which would make it easier for Telos to expand their ecosystem and attract more developers to build native dApps on Telos. Additionally, ChainPort would benefit from the partnership by gaining access to Telos’s large and active community of users, developers and stable, high-performance blockchain. Together, Telos and ChainPort can create a more seamless, efficient, and interconnected Web3 native ecosystem.
Some of the many benefits of Chainport include:
- Quick and easy transfer of tokens between chains.
- Free of restriction to a single blockchain.
- Support for the most popular DeFi wallets.
- No third-party intermediaries.
- The latest multi-layer security technology to protect assets.
- In MPC cryptography and hardware isolation.
The intuitive user interface of ChainPort greatly facilitates the bridging process, while its rapid speeds and direct support allow for developers and users to easily connect.
It also implies that Chainport bridge can be readily embedded into dApps and websites, which is fantastic news for market makers and exchanges who utilize their API to deliver a smooth bridging experience.
By joining forces, this partnership will increase user access to the Telos ecosystem while maintaining the highest level of security. The combination of the speed of the TelosEVM and Chainport’s secure, cross-chain capabilities creates the ideal environment for users to engage with the gold standard of blockchain technology.
About ChainPort
ChainPort is a next-gen cross-chain bridge that provides custodian-level security with full interoperability. ChainPort introduces an unprecedented level of security architecture, porting tokens safely across blockchains with just a click.
Furthermore, security is always paramount for ChainPort, and 95% of the funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig. ChainPort is a permissionless bridge already porting more than 190 tokens between blockchains, with additional projects joining daily. Porting is done in just minutes through a friendly and also straightforward UI without the need for any technical integration.
Since its launch in 2021, Chainport has managed 45,000 ports and $600,000,000 in volume. Learn more by visiting ChainPort.io or reading their documentation.
About Telos
The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG-compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and also flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants.
About Chainport
ChainPort is a next-generation blockchain bridge that places security first while maintaining full functionality. With ChainPort, you can easily port tokens across 9+ blockchains within minutes.
It is also the first bridge that offers a fully custodial solution, which safeguards 95% of funds in cold storage vaults. In addition to that, there is an easy-to-use UI, and porting can be done at astounding speed.
SOURCE: MEDIUM
