Portus Network will integrate their API Gateway with Polygon, to connect dApps on Polygon with any real-life event.
Portus Network aims to provide a reliable, decentralized, permissionless data oracle to the Polygon ecosystem of dApps, enabling them to talk to the world. With Portus Network any dApp can access any data from any API provider, completely eliminating the middlemen.
Polygon built a massive ecosystem of more than 7000 dApps, driven by developer’s needs for low gas fees. Portus built its API Gateway on the same need of dApp developers that are now captive in other approaches. Portus has no fees and the possibility for a data consumer to choose its provider.
Portus is currently migrating their chain smart-contracts from Ethereum to the Polygon chain.
The Polygon integration of Portus Network will bring tons of advantages for every dApp built on Polygon and for every single user. First of all, it could create the premises for fast adoption of the Blockchain technology, giving the possibility to real-world businesses to become their own data provider for a dApp that they built or they want to build but cannot rely on other oracles approach to provide data from random providers. And all that with no extra fees. Portus Network’s business is not aggregating data but decentralized insurance for the quality of the data provided. Another advantage that Portus Network’s approach comes with is the possibility to receive compensation in the case of a malfunction or API call failure by generating a claim on that particular insurance pool created around the API Provider that failed.
By the end of April, Portus Network will launch its Testnet on Polygon and by the end of Q3 Portus Network will go live. By then, Portus Network will continuously bring efforts into integrate with Polygon Ecosystem, their goal being to engage large adoption.
Following this goal, Portus Network will engage their team in the next six months with the purpose of creating awareness into Polygon’s dApp Ecosystem and hopefully contributing actively to Polygon’s future expansion.
About Portus Network
Portus Network is a revolutionary, full-scale API Gateway that creates a direct connection between API Providers and API Consumers (dApps), being a data dispatcher with the possibility to input any type of data into a smart-contract, from token price data to any real-world event, even pictures or videos.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.