Michaela
Summary: How does Hoichi’s Torii Gateway benefit Shibarium users?
The Torii Gateway enables seamless movement between Shibarium and other blockchains, giving users broader access to services. It lowers transaction costs and ensures secure transfers through Fusion DCRM technology. The platform also helps newcomers explore crypto safely while aiming to make Shibarium their preferred home.
Stan and Samantha, co-founders of the Shibarium-based crypto project Hoichi, have appeared on Shy Speaks, the podcast hosted by Shiba Inu lead developer Shytoshi Kusama, to discuss their Torii Gateway platform and its role within the ecosystem. Hoichi is a community-driven project in the Shiba Inu ecosystem, focused on making DeFi more secure, simple, and accessible for everyday users.
On Shy Speaks, Kusama and the Hoichi co-founders discussed the Torii Gateway, as well as other ongoing initiatives and developments within the project. Stan explained that the Torii Gateway, developed and designed by Hoichi, functions as a utility to connect multiple blockchain networks. He described it as creating a network of pathways, similar to roads and freeways linking different countries, allowing users to move assets and interact across platforms with greater ease and flexibility.
The Torii Gateway allows users to interact with cryptocurrency more broadly, without being limited to a single platform, providing greater access to services at lower costs. The gateway enables seamless movement between blockchains, for example, from Ethereum, BaseChain, or Arbitrum to Shibarium, and connects over 1,500 tokens across more than 60 networks, with plans for further expansion.
Additionally, the co-founders aim to “open the bridge as wide as [they] can” and create an all-encompassing network, giving users, especially those new to cryptocurrency, the ability to explore different blockchains and find a platform that suits them, with the ultimate goal of establishing Shibarium as their preferred home.
Kusama emphasized the significance of low transaction fees and the inclusivity they provide, noting how the Torii Gateway allows users to engage seamlessly with their preferred projects. “That’s why I think what you guys are building is actually pretty darn important in the larger scale of what Shibarium can be,” Kusama stated.
Furthermore, Kusama and the co-founders discussed the Torii Gateway’s innovative technology, a point of pride for Hoichi. The project’s Fusion DCRM technology ensures that the bridging protocol remains highly secure, safeguarding developers, the platform, and the community at large.
The Fusion DCRM enhances security by requiring a group-based, multi-signature protocol. Even if a malicious actor compromises a single wallet holding part of the bridge’s encryption keys, they cannot access the full key or the liquidity. This system is community-driven, as any transaction on the Torii Gateway using Fusion technology requires collaboration among the keys and multi-signatures to proceed.
With this encryption technology and aggregation, liquidity can be drawn from multiple chains, minimizing the impact of low liquidity on individual chains for transaction execution. A key part of Hoichi’s mission with the Torii Gateway is to provide newcomers to crypto with a secure and trustworthy environment, prompting the team to develop tools and technologies that support both safety and the learning process.
Samantha stated that while Hoichi currently supports only EVM-compatible networks, future developments will expand support to non-EVM networks such as Solana and Tron. The team also aims to upgrade the Torii Gateway, creating a more user-friendly and secure interface.
Additionally, Hoichi plans to introduce fiat on- and off-ramps and aims to increase community rewards as the project grows. The team is also exploring a future staking platform and intends to expand the Torii Gateway, making it inclusive of a broader range of blockchains rather than focusing on a limited set.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
