DeFi Daily News
Thursday, October 16, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi

rewrite this title Psy Develops First Trustless Bridge from Dogecoin to Solana

Chainwire by Chainwire
May 22, 2025
in DeFi
0 0
0
rewrite this title Psy Develops First Trustless Bridge from Dogecoin to Solana
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Hong Kong, China, May 22nd, 2025, Chainwire

Solana users will be able to transact with Dogecoin securely, powered by Psy and Wormhole, tapping into a $36B asset and its vast community for DeFi, gaming & more.

Psy (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 memecoin, 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 parties.

The bridge not only enhances security but also creates substantial ecosystem opportunities. Bringing Dogecoin’s $36B+ market cap and massive community to Solana opens new possibilities for both networks. Dogecoin users gain access to Solana’s DeFi, NFT, and gaming applications, while Solana developers can tap into Dogecoin’s extensive user base. 

Unlike traditional bridges, which often rely on multisig signers or custodians, Psy’s next-generation proof-of-work technology validates Dogecoin Proof of Work consensus directly on Solana. This trust-minimized approach helps address a major weakness in crypto infrastructure: bridge hacks, which have caused more than $2.8 billion in losses to date.

This positions Psy 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 Psy’s, can interact with high-performance blockchains without sacrificing security or requiring centralized intermediaries.

This bridge continues Psy Protocol’s mission to empower developers to build hyper-scalable web3 applications to host the next generation of the decentralized internet.

The bridge supports standard Dogecoin wallets and exchange deposits.

Quotes

“We have been working hard to find ways to better serve the Doge community, and now we get the chance to offer them even greater utility for their Dogecoin,” Carter Feldman, CEO of Psy Protocol, said. “This demonstrates the promise of combining best-in-class security with user demand and an established developer base.”

“We’re thrilled to announce the DOGE bridge to Solana, a big step in welcoming one of crypto’s most iconic communities to the Solana ecosystem,” said Lily Liu, President of the Solana Foundation. “DOGE, Bitcoin’s beloved pet, embodies the fun, irreverent spirit that drives on-chain culture. By bridging DOGE into Solana’s network, we’re inviting the Dogecoin community—and all OG crypto enthusiasts—to join us in marrying on-chain culture and decentralized finance.”

“Trustless verification has always been the holy grail of interoperability, but achieving it at scale has remained elusive,” said Robinson Burkey, co-founder of Wormhole. “Seeing Psy and Wormhole come together to build this around an asset like DOGE captures the true cyberpunk spirit of crypto. We’re excited to help bring a $36B 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, 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. To convert 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, Psy has created a suite of infrastructure for developers:

txindex: a fully-featured indexer for Dogecoin with effortless handling of forking behavior
electrs-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/re-orgs 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 Stake chains, empowering developers to build hyper-scalable web3 applications, to provide a credible alternative to a centralized internet controlled by a handful of tech monopolies.

Contact

MrJosh AdamsSerotonin[email protected]

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BridgeDevelopsDogecoinPsyrewriteSolanatitleTrustless
ShareTweetShare
Previous Post

rewrite this title Weekly Mortgage Rates Creep Up; Are Lower Home Prices Coming? – NerdWallet

Next Post

Crypto Rally HEATING UP🔥🔥l Tax Bill Advances✅

Next Post
Crypto Rally HEATING UP🔥🔥l Tax Bill Advances✅

Crypto Rally HEATING UP🔥🔥l Tax Bill Advances✅

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Why Outlet Malls Are Struggling In The U.S.

Why Outlet Malls Are Struggling In The U.S.

July 16, 2024
rewrite this title Soulframe Joineries and reforging guide

rewrite this title Soulframe Joineries and reforging guide

July 28, 2025
Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

July 31, 2024
rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

September 29, 2025
Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

August 14, 2024
rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for .7 billion, in Buffett’s biggest deal in three years

rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

October 2, 2025
rewrite this title with good SEO The XRP Price Roadmap To : How An Over 50% Bounce Could Materialize

rewrite this title with good SEO The XRP Price Roadmap To $8: How An Over 50% Bounce Could Materialize

October 16, 2025
rewrite this title 4 Science-Backed Habits That Could Help You Live Longer

rewrite this title 4 Science-Backed Habits That Could Help You Live Longer

October 16, 2025
rewrite this title Three-Bean Chili and Cornbread ( Family Dinner Idea)

rewrite this title Three-Bean Chili and Cornbread ($10 Family Dinner Idea)

October 16, 2025
rewrite this title Doc ‘Come See Me In The Good Light’ Trailer – About Poets & Cancer | FirstShowing.net

rewrite this title Doc ‘Come See Me In The Good Light’ Trailer – About Poets & Cancer | FirstShowing.net

October 16, 2025
rewrite this title Amazon’s Ring partners with Flock to let law enforcement agencies that work with Flock request footage from Ring doorbell users (Amanda Silberling/TechCrunch)

rewrite this title Amazon’s Ring partners with Flock to let law enforcement agencies that work with Flock request footage from Ring doorbell users (Amanda Silberling/TechCrunch)

October 16, 2025
rewrite this title Why Tyson Fury should — or shouldn’t — consider these opponents for his return

rewrite this title Why Tyson Fury should — or shouldn’t — consider these opponents for his return

October 16, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.