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Port tokens in minutes

With hashport, you can move digital assets between distributed ledger networks in a fast, secure, and cost effective way.

Step 1

Safely lock assets onto the platform

You can submit a request for transaction on the hashport application in a few simple clicks. Then safely lock the tokens from the origin network onto the platform to begin your porting execution.

Step 2

The validator swarm picks up your transaction

Your transaction is picked up by the validator swarm. The first validator to detect your request creates the transaction which all other validators will need to sign and verify.

Step 3

Validated transaction is sent to the HCS

When more than half of the validators have signed the transaction, the information is submitted to the Hedera Consensus Service, or HCS, as an HCS topic.

Step 4

Mint your representative tokens

After the transaction information is immutably logged in the HCS, you can send a transaction to the smart contract in the destination network to mint your representation tokens.

Step 5

Confirm receipt and interact with the destination network

After successfully sending a transaction to the smart contract, your representative tokens will be minted to your destination network wallet. From here on, you can interact with the destination network using your newly minted representative tokens.

Step 1

Lock representative tokens from destination network

You can submit a request for transaction on the hashport application in a few simple clicks. Then burn your representative tokens through smart contract where it was minted to begin your porting execution.

Step 2

The validator swarm picks up your transaction

Your transaction is picked up by the validator swarm. The first validator to detect your request creates the transaction which all other validators will need to sign and verify.

Step 3

Validated transaction is sent to the HCS

When more than half of the validators have signed the transaction, the information is submitted to the Hedera Consensus Service, or HCS, as an HCS topic.

Step 4

Representative tokens burned and original tokens unlocked

After the transaction information is immutably logged in the HCS, the validator swarm unlocks the native tokens and sends them to your origin network wallet.

Step 5

Unlocked tokens deposited into original wallet

Your native tokens will be sent to your origin network wallet. From here on, you can interact with the destination network using your newly minted representative tokens.

What is a representative token? A 1:1 re-creation of the token in a compatible form to the destination network it resides on.

What is a validator swarm? hashport's validator swarm is a digital authenticator. Verified by industry leading companies that comprise it.

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What is Hedera Consensus Service (HCS)? The HCS acts as a trust layer where immutable and verifiable log of messages are fairly ordered.

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