- Portal is innovating the largest Total Addressable Machine (TAM) for DeFi.
- The company aims to address the seemingly never-ending Ethereum downsides in the DeFi space.
Portal has announced that it’s deploying the biggest Total Addressable Machine (TAM) feature to bless the DeFi market. Through this effort, Portal will provide high-end support to address the diverse downturns in the DeFi space.
From Ethereum’s nagging scalability that keeps bedeviling the Ethereum network, the company is opined that it is ready to do what it possibly can to address the problem. Meanwhile, lots of companies have tried to help the seemingly never-ending ETH scalability issues in the market of late, but they couldn’t survive.
As a P2P blockchain layer on the Bitcoin (BTC) network, Portal will exist to implement BTC’s ability to DeFi directly from options trading to lending and borrowing. All these are its predetermined services as part of the Total Addressable Machine (TAM) innovation.
Portal gives Bitcoin trust-minimization guarantees for the speed and liquidity of centralized platforms. Portal unleashes the potential of Bitcoin for the decentralization of finance from spot markets to options, P2P lending, and borrowing, everything in a chain, peer contracts without custody or control from third parties.
Historically, apart from scalability issues, Ethereum has faced several network challenges such as congestion that nearly forced developers to use other blockchains lately. Regardless of this pullback, DeFi became a stand-alone synergy that provided high-grade security, censorship-resistant transactions, and privacy for users.
Moreover, blockchain techs like Binance Smart Chain (BSC), Polygon, and Fantom have a competitive DApp on DeFi with a huge stride of advantages. On the other hand, total value locked (TVL) in DeFi has grown exponentially since more blockchains began adopting it.
Additionally, Portal has a strong goal to encourage anonymous and third-party projects and execute intermediate transactions between mutually reliable partners with strict safety concerns. There are no ill-gotten activities of assets between two parties when Portal is involved.
These stimuli serve to boot the network with an initial set of facilitators. As the Portal network develops, every node will be a user and facilitator at the same time, creating a complete, peer by peer, uncensored financial network.