Lumerin Announces New Integration With Portal DEX for Bitcoin Mining
Lumerin, a decentralized Hashpower Marketplace built on Arbitrum, has partnered with Portal, the first trust-minimized cross-chain swaps that do not involve bridges, custody, or wrapping.
Portal Swaps SDK, a fintech provider, aims to advance financial self-sovereignty through the first bridgeless, wrapper-less cross-chain decentralized exchange (DEX) network.
It uses Atomic Swaps technology to avoid custodial risk, the biggest hidden risk in the cryptocurrency space.
The integration offers new solutions for the Bitcoin mining community to navigate uncertainties from regulatory changes, energy policies, inflation rates, and currency volatility.
Lumerin’s peer-to-peer marketplace enables miners to create and sell Bitcoin hashpower contracts directly in the open market, enhancing consistency in payments and liquidity.
The Lumerin-Portal integration also addresses the increasing demand for privacy in the cryptocurrency industry by enabling access to “virgin” Bitcoin, which have never been spent or transferred from their original address since mining.
(With inputs from Shikha Singh)
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