Jobs at Portal

Portal is building Defi and other layers on Bitcoin. Our first product, Portal network is a non custodial, peer to peer, cross chain network that is fast and cheap. The ideal peer to peer cross-chain network should replicate the user experience of centralized exchanges while being completely non-custodial, permissionless and secure. Portal is different from current Defi applications that use “wrapped Bitcoins”, which are just IOUs from unknown parties, because Portal operates on native Bitcoin. Unlike “bridges” which are hard to secure and reason about, Portal uses “unbroadcast” transactions to facilitate fast and cheap exchange among peers. Unlike several previous and current attempts at Atomic Swaps, Portal’s layer 2 system moves peer to peer scheme to an incentivized third party scheme, which facilitates and intermediates markets, while not being in control or custody of cryptocurrency flows. In Portal, each “peer” or user holds the private keys, validates and verifies unbroadcast transaction requests, and is incentivized to only propagate the correct requests to the rest of hthe network. The facilitators on the other hand are incentivized to intermediate as many peer to peer transactions as they can. Portal architecture makes it possible for facilitators to enable compliance modules that allow them to comply with applicable KYC, FATF and other applicable laws and regulations, while preserving user privacy, custody and control.