Interoperability between decentralized networks is set to become a whole lot easier with the introduction of hashport. Launching November 9, 2021, hashport strikes a critical balance between neutrality, security, speed, cost-effectiveness and ease of use.
Hashport achieves this balance by eliminating the need for a native network token, acting as a decentralized public utility while harnessing the power of the Hedera Consensus Service (HCS) and having a robust, industry-leading validator swarm responsible for securing the portal.
The validator swarm is composed of the following members:
“Hashport will help reduce transaction complexity and processing times that currently plague the DLT industry today. In the not too distant future, efficient, cost-effective, real-time settlements between the worlds of DeFi and CeFi will become reality.” — Nabil Manji, head of crypto and emerging business
"Cross-chain interoperability is key to building sustainable DeFi ecosystems, unlocking new liquidity, scaling the Metaverse and more. Hashport will provide one of the first mechanisms in bridging the gap between DLT networks and communities, and the HBAR Foundation is committed to supporting a wide range of onramps into the Hedera ecosystem." — Shayne Higdon, executive director and CEO of the HBAR Foundation
“We are excited to see hashport go live, as it will bring the HBAR community closer to the extended blockchain community and will spur growth across different networks” — Arjun Kalsy, vice president of Growth
“We are excited to collaborate with hashport to make interoperability of digital assets between different blockchains much easier. We believe that hashport can contribute to the growth of the blockchain and NFT industries and help build the metaverse for the masses.” — Yat Siu, co-founder and executive chairman of Animoca Brands
“Hashport brings the digital assets industry one step closer to a multichain market structure designed to unlock greater productivity and utility across individual ecosystems, providing users with seamless access to the ever-increasing range of protocols and decentralized applications. At Hex Trust, we are convinced advocates of cross-chain connectivity as a way to extract the full potential of multiple blockchain protocols and create an integrated framework that can adjust, upgrade and support an infinite number of use cases.” — Alessio Quaglini, CEO and co-founder of Hex Trust.
StableNode facilitates the integration of the Dai stablecoin in the Hashport Bridge as a close partner of MakerDao. The future collaboration between Stable Node, Maker Growth and hashport aim to push decentralized finance (DeFi) in the upcoming Hedera ecosystem.
“StableNode is thrilled to be part of the hashport portal set-up where we aim to facilitate growth across all the networks we will touch.“ — StableNode team
“Hashport is a long-waited and important tool which aims to close the gap between different DLT networks and enable blockchain communities to share and collaborate like never before. LimeChain is proud to be part of the core development team and one of the few trusted validators and council members on the new hashport portal. We believe this is an important step in moving the blockchain industry forward by decreasing the usability gap and will help communities collaborate easily.” — Daniel Ivanov, tech lead and solutions architect at LimeChain
“Through Calaxy, we are not only aiming to bring fans and creators closer together but to also build a holistic ecosystem with extended utility for the user. This would not be possible without interoperability as a fundamental pillar. With this partnership and the provision of hashport’s portal, we are solidifying seamless, safe and interactive experiences for cross-network asset settlements. This is one step further in helping Calaxy do its part in advancing the creator economy.” — Spencer Dinwiddie, CEO and co-founder at Calaxy
“Hashport ushers in a new era of collaboration between DLT networks enabling seamless movement of assets in a simple, secure and cost-effective way, without the need for the user to swap or exchange their tokens. BCW Group is excited to be part of the core team productizing hashport and be a trusted validator on the hashport portal.“ Aakriti Jain, marketing and business development director of the BCW Group
The strength of hashport and its validator swarm is derived from its diversity of membership. Each organization brings its unique strengths, community and trusted reputation, thus enabling hashport to recognize and implement new and exciting use cases early and more efficiently.
“As the distributed ledger industry matures and moves from experimental stand-alone projects to enterprise-grade production applications running thousands of transactions per second, interoperability that allows for the fast, secure movement of digital assets across multiple networks will be crucial,” said Nigel Clark, senior vice president, partners and industries at Hedera Hashgraph, LLC. “Interoperability has driven the exponential growth of the majority of industry-leading software platforms over the last few decades, and the distributed ledger technology industry is no exception. We are pleased to see hashport help lead the way in our industry’s next phase of growth.”
“Access between distributed networks should be a convenient painless process. Hashport aims to provide this experience by minimizing the barrier to entry for participants in every way possible. Users, developers and companies will be able to explore new use cases and opportunities that were previously out of reach.” Jesse Whiteside, director of business for hashport.
As the space continues to evolve, so will hashport.
At launch, hashport will connect the Hedera public distributed ledger to the Polygon network and Ethereum network, as well as further expand to other networks.
Worlds of possibility, coming your way.
Hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. Hashport has passed a rigorous security audit and follows industry best practices: regularly performing comprehensive network tests to ensure the integrity of the network.