Hashport Bridged LINKPrice

(LINK[HTS])

Hashport is a decentralized interoperability bridge designed to facilitate the secure transfer of digital assets. It connects Hedera Hashgraph with other popular blockchains such as Ethereum and Polygon. By using Hashport, users can port assets like LINK from their native chain (e.g., Ethereum) to the Hedera ecosystem. This process allows these assets to leverage Hedera's high transaction speeds and efficiencies, expanding their utility within a new environment. Hashport ensures secure asset movement through a robust network of validators and a decentralized governance model.

When LINK is bridged from its original chain, such as Ethereum, to Hedera via Hashport, it transforms into a representative or "wrapped" Hedera Token Service (HTS) token, denoted as link[hts]. This means the ERC-20 based LINK now exists on the Hedera network. Its functionality extends to interacting within the Hedera decentralized finance (DeFi) ecosystem, allowing it to participate in applications, swaps, and other financial activities that leverage Hedera's unique architecture and efficiencies, while still maintaining its value peg to the native LINK.

The security of bridged LINK[HTS] is paramount and ensured through Hashport's robust design. It operates with a strong set of validators and employs a decentralized governance model, which enhances trust and resilience. Every transaction attempting to bridge assets across chains, including LINK, must pass through multiple validators. This multi-signature approval process adds layers of verification and reduces reliance on any single point of failure. Furthermore, Hashport has undergone security audits by reputable firms like Horangi, providing an additional layer of confidence in its integrity and protection against vulnerabilities.

When bridging LINK via Hashport, users will incur a few types of fees. Hashport itself charges a flat 0.5% service fee for each "Portal Execution" (bridging transaction). This service fee is paid in the same token that is being ported, meaning if you bridge LINK, the fee is paid in LINK. Additionally, users are responsible for network-specific transaction fees on both the originating blockchain (e.g., Ethereum gas fees) and the destination blockchain (e.g., Hedera network fees). These network fees are standard for any transaction on their respective chains.

Hashport supports a wide array of wallets to ensure broad accessibility for users looking to bridge LINK[HTS]. For Hedera-native interactions, users can connect popular wallets like Venly, HashPack, or Blade Wallet. For operations involving EVM-compatible chains such as Ethereum, Hashport integrates with widely used wallets. These include MetaMask, which is a common choice for EVM networks, as well as Rainbow Wallet, Coinbase Wallet (via WalletConnect), and other wallets compatible with WalletConnect. This flexibility allows users to choose their preferred wallet for seamless bridging.

Yes, absolutely. Hashport is designed as a two-way portal, which means that the bridging process is fully reversible. Users are not permanently locked into holding the bridged LINK[HTS] on the Hedera network. Just as LINK can be ported from its original chain (e.g., Ethereum) to Hedera, it can also be ported back from Hedera to its original native form on Ethereum. This bidirectional functionality ensures flexibility and allows users to move their assets between ecosystems as needed, retaining the ability to interact with applications on either blockchain.