Psy Launches Trustless Bridge Connecting Dogecoin to Solana

Generated by AI AgentCoin World
Thursday, May 22, 2025 3:33 pm ET2min read
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Psy, formerly known as QED Protocol, has developed a trustless bridge connecting Dogecoin to the Solana blockchain. This innovation allows Solana users to transactTACT-- with Dogecoin securely, tapping into a $36B asset and its vast community for decentralized finance (DeFi), gaming, and more. The bridge enhances security by enabling each blockchain to independently verify the other's transactions and consensus without requiring trust in third parties. This trust-minimized approach helps address a major weakness in crypto infrastructure: bridge hacks, which have caused significant losses to date.

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 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.

The bridge supports standard Dogecoin wallets and exchange deposits, allowing Dogecoin users to access Solana’s DeFi, NFTMI--, and gaming applications. Solana developers can tap into Dogecoin’s extensive user base, creating new possibilities for both networks. The bridge captures and verifies each Dogecoin blockXYZ-- header on Solana, cryptographically confirming 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, including 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; and forkr, an easy-to-use tool for simulating forks/re-orgs on Bitcoin and Dogecoin. Psy is on a mission to restore the security and decentralization principles of blockchain while enabling modern scalability, bridging the utility gap between Proof of Work and Proof of Stake chains, and empowering developers to build hyper-scalable web3 applications.

Carter Feldman, CEO of Psy Protocol, stated, “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. This demonstrates the promise of combining best-in-class security with user demand and an established developer base.” Lily Liu, President of the Solana Foundation, added, “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. 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.” Robinson Burkey, co-founder of Wormhole, commented, “Trustless verification has always been the holy grailGRAL-- of interoperability, but achieving it at scale has remained elusive. 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.”

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