The Collapsed Trust and the Original Intent of Portal: Rebuilding Bitcoin Fundamentalist DeFi

Tina's engagement with @PortaltoBitcoin originated from a private message from the official account. Previously, she hadn't been able to properly understand the project itself, but recently @PortaltoBitcoin's brilliance has made everyone aware of it. Tina has also provided a detailed introduction to its economic model, but has not shared much about @PortaltoBitcoin's background. In the next few articles, I will share from various angles how @PortaltoBitcoin stands out against the backdrop of Bitcoin.

At the beginning of Bitcoin's birth, "refusal to trust" was the core concept. However, the current mainstream DeFi ecosystem has gone in the opposite direction: cross-chain bridges being frequently hacked, custodial synthetic assets collapsing, and user private keys actually controlled by third parties—these so-called innovations merely reintroduce the risks of traditional finance into the cryptocurrency world. In just the past two years, the losses from cross-chain bridge security incidents have exceeded $2.5 billion.

It is against this background that Portal to Bitcoin has established its mission: to return to Satoshi Nakamoto's vision and create a truly trustless financial protocol. @PortaltoBitcoin rejects any form of on-chain bridging, asset wrapping, and third-party custody, with all transactions guaranteed for consistency through cryptography. Its underlying technology uses a Bitcoin-native atomic swap protocol, enabling users to trade directly between assets on different chains without needing to convert Bitcoin into riskier wrapped versions.

The design philosophy of @PortaltoBitcoin is very clear: if an operation requires users to trust an intermediary, then it should not be called Decentralized Finance.

In the next article, we will continue to share the technical core of @PortaltoBitcoin.

#portal # kaito #yapper