The Good Tech Companies - Psy Develops First Trustless Bridge from Dogecoin To Solana

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Xie develops first trustless bridge from Dogecoin to Solana, by Chainwire. Hong Kong, China, May 22, 2025, Chainwire, Xie, formerly QED Protocol, has developed a trustless bridge connecting Dogecoin to the Solana blockchain. This innovation brings proof of work security to Solana while making Dogecoin, the world's largest meancoin, available to Solana's ecosystem of dApps. This innovation allows Solana and Dogecoin to directly, speak, to each other, with each blockchain able to independently verify the other's transactions and consensus without requiring trust in third

Starting point is 00:00:41 parties. The bridge not only enhances security but also creates substantial ecosystem opportunities. Bringing Dogecoin's $36 billion plus market cap and massive community Tosolana opens new possibilities for both networks. Dogecoin users gain access to Solana's DeFi, NFT, and gaming applications, while Solana developers can topinto Dogecoin's extensive user base. Unlike traditional bridges, which often rely on multi-sig signers or custodians, Sy's next-generation proof-of-work technology validates Dogecoin proof-of-work consensus directly on Solana. This trust-minimized approach helps address Amahor weakness in

Starting point is 00:01:20 crypto infrastructure, bridge hacks, which have caused more than $2.8 billion in losses to date. This positions XI as the leading proof-of-work innovator for Solana, bridging the security benefits of proof-of-work with Solana's speed and programmability. This integration demonstrates that new proof-of-work chains, like XI's, can interact with high-performance blockchains without sacrificing security or acquiring centralized intermediaries. This bridge continues PSI Protocol's mission to empower developers to build hyperscalable Web3 applications to host the next generation of the decentralized internet.

Starting point is 00:01:55 The bridge supports standard Dogecoin wallets and exchange deposits. Quotes greater than, we have been working hard to find ways to better serve the Doge community, greater than and now we get the chance to offer them even greater utility for their greater than Dogecoin, Carter Feldman, CEO of SyProtocol, said. This demonstrates the greater than promise of combining best-in-class security with user demand and in greater than established developer base. Greater than, we're thrilled to announce the Doge bridge to Solana, a big step in welcoming greater than one of crypto's most iconic communities to the Solana ecosystem," said Lily, Lu,

Starting point is 00:02:30 president of the Solana Foundation. Doge, Bitcoin's beloved pet, greater than embodies the fun, irreverent spirit that drives on-chain culture. By bridging greater than Doge into Solana's network, we're inviting the Dogecoin community, and all AUG greater than crypto enthusiasts, to join us in marrying on chain culture and decentralized greater than finance. Greater than, trustless verification has always been the holy grail of interoperability, greater than but achieving it at scale has remained elusive, said Robinson Berkey, greater than

Starting point is 00:03:01 co-founder of Wormhole. Seeing Psy and Wormhole come together to build this greater than around an asset like Doge captures the true cyberpunk spirit of crypto. We're greater than excited to help bring a $36 billion asset to Solana, soon to be powered by Wormhole. How the bridge works The bridge captures and verifies each Dogecoin block header on Solana. Block headers contain essential blockchain data, including the previous block hash, timestamp, difficulty target, the Merkle root of all transactions in the block,

Starting point is 00:03:31 and the proof-of-work consensus algorithm. By verifying these headers directly on Solana, the system cryptographically confirms the validity of Dogecoin transactions without intermediaries. When users send Doge to the bridge, the system verifies the deposit on the Dogecoin blockchain and mints an equivalent amount of QDOGE tokens on Solana. Tokenvert back, QDOGE tokens are burned on Solana, with withdrawal messages securely transmitted through Wormhole's cross-chain messaging protocol, triggering the release of the original Doge to the user's Dogecoin address. To enable this bridge, Cy has created a suite of infrastructure for developers, TxIndex,

Starting point is 00:04:11 a fully featured indexer for Dogecoin with effortless handling of forking behavior. Elektars Doge, the first open-source block explorer for Dogecoin, Doge SDK, the first JavaScript SDK for Dogecoin. ForkR. An easy to use tool for simulating forks, reorgs on Bitcoin and Dogecoin. About Psy Protocol Psy is the leading innovator in next-generation proof-of-work technology, on a mission to restore the security and decentralization principles of blockchain while enabling modern scalability. Psy is bridging the utility gap between proof-of-work and proof-of-state chains, empowering developers to build hyper-scalable Web3 applications, to provide a credible alternative to a centralized

Starting point is 00:04:53 internet controlled by a handful of tech monopolies. Contact Mr. Josh Adams Saratoninjosh at Saratonin.co This story was published as a press release by Chainwire under Hacker Noon's business blogging program. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Psy Develops First Trustless Bridge from Dogecoin To Solana

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