• Hashport is launching to facilitate cross-network digital asset transfers

  • According to a media statement, hashport, a public utility that facilitates the movement of digital assets between distributed ledger technology networks without the need for a native network token, will launch on November 9. Hashport will connect the Hedera public distributed ledger to the Ethereum and Polygon networks when it launches.

    To secure the network, hashport will rely on the Hedera Consensus Service (HCS) and validator partners around the world. As members of the hashport “validator swam,” payment platform Worldpay from FIS, the HBAR Foundation, Ethereum scaling solution Polygon, Hong Kong-based blockchain gaming unicorn Animoca Brands, Hong Kong-based digital asset custodian Hex Trust, StableNode, LimeChain, Calaxy, and BCW Group have joined hashport.

    According to Hex, the validator swarm is a decentralized group of industry-leading organizations from around the world that power the operations, governance, and security of hashport.

    “Cross-chain interoperability is critical for building long-term DeFi ecosystems, unlocking new liquidity, scaling the Metaverse, and more,” said Shayne Higdon, executive director and CEO of the HBAR Foundation. “hashport will be one of the first mechanisms in bridging the gap between DLT networks and communities,” says the HBAR Foundation, “and the HBAR Foundation is committed to supporting a diverse range of onramps into the Hedera ecosystem.”

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