Hong Kong, China, Could twenty second, 2025, Chainwire
Solana customers will be capable to transact with Dogecoin securely, powered by Psy and Wormhole, tapping right into a $36B asset and its huge neighborhood for DeFi, gaming & extra.
Psy (previously QED Protocol) has developed a trustless bridge connecting Dogecoin to the Solana blockchain. This innovation brings proof-of-work safety to Solana whereas making Dogecoin, the world’s largest memecoin, obtainable to Solana’s ecosystem of dapps.
This innovation permits Solana and Dogecoin to straight ‘converse’ to one another, with every blockchain capable of independently confirm the opposite’s transactions and consensus with out requiring belief in third events.
The bridge not solely enhances safety but in addition creates substantial ecosystem alternatives. Bringing Dogecoin’s $36B+ market cap and big neighborhood to Solana opens new potentialities for each networks. Dogecoin customers acquire entry to Solana’s DeFi, NFT, and gaming functions, whereas Solana builders can faucet into Dogecoin’s in depth consumer base.
Not like conventional bridges, which regularly depend on multisig signers or custodians, Psy’s next-generation proof-of-work know-how validates Dogecoin Proof of Work consensus straight on Solana. This trust-minimized strategy helps deal with a significant weak point in crypto infrastructure: bridge hacks, which have brought about greater than $2.8 billion in losses up to now.
This positions Psy because the main proof-of-work innovator for Solana, bridging the safety advantages of proof-of-work with Solana’s velocity and programmability. This integration demonstrates that new proof-of-work chains, like Psy’s, can work together with high-performance blockchains with out sacrificing safety or requiring centralized intermediaries.
This bridge continues Psy Protocol’s mission to empower builders to construct hyper-scalable web3 functions to host the subsequent technology of the decentralized web.
The bridge helps commonplace Dogecoin wallets and alternate deposits.
Quotes
“Now we have been working onerous to search out methods to raised serve the Doge neighborhood, and now we get the possibility to supply them even larger utility for his or her Dogecoin,” Carter Feldman, CEO of Psy Protocol, mentioned. “This demonstrates the promise of mixing best-in-class safety with consumer demand and a longtime developer base.”
“We’re thrilled to announce the DOGE bridge to Solana, an enormous step in welcoming certainly one of crypto’s most iconic communities to the Solana ecosystem,” mentioned Lily Liu, President of the Solana Basis. “DOGE, Bitcoin’s beloved pet, embodies the enjoyable, irreverent spirit that drives on-chain tradition. By bridging DOGE into Solana’s community, we’re inviting the Dogecoin neighborhood—and all OG crypto fans—to hitch us in marrying on-chain tradition and decentralized finance.”
“Trustless verification has all the time been the holy grail of interoperability, however reaching it at scale has remained elusive,” mentioned Robinson Burkey, co-founder of Wormhole. “Seeing Psy and Wormhole come collectively to construct this round an asset like DOGE captures the true cyberpunk spirit of crypto. We’re excited to assist convey a $36B asset to Solana—quickly to be powered by Wormhole.”
How the Bridge Works
The bridge captures and verifies every Dogecoin block header on Solana. Block headers comprise important blockchain knowledge, together with the earlier block hash, timestamp, problem goal, the Merkle root of all transactions within the block, and the Proof of Work consensus algorithm. By verifying these headers straight on Solana, the system cryptographically confirms the validity of Dogecoin transactions with out intermediaries.
When customers ship DOGE to the bridge, the system verifies the deposit on the Dogecoin blockchain and mints an equal quantity of QDOGE tokens on Solana. To transform again, QDOGE tokens are burned on Solana, with withdrawal messages securely transmitted by Wormhole’s cross-chain messaging protocol, triggering the discharge of the unique DOGE to the consumer’s Dogecoin deal with.
To allow this bridge, Psy has created a collection of infrastructure for builders:
txindex: a fully-featured indexer for Dogecoin with easy dealing with of forking habits
electrs-doge: the primary open-source block explorer for Dogecoin
doge-sdk: the primary JavaScript SDK for Dogecoin
forkr: an easy-to-use device for simulating forks/re-orgs on Bitcoin and Dogecoin.
About Psy Protocol
Psy is the main innovator in next-generation proof-of-work know-how, on a mission to revive the safety and decentralization rules of blockchain whereas enabling trendy scalability. Psy is bridging the utility hole between Proof of Work and Proof of Stake chains, empowering builders to construct hyper-scalable web3 functions, to offer a reputable various to a centralized web managed by a handful of tech monopolies.
Contact
MrJosh AdamsSerotonin[email protected]
