Cardano, the 10 largest encryption assets, made a bold step in the area of digital assets. The founder Charles Hoskinson presented the Cardinal Protocol, the first DITCOIN network. For the first time, Bitcoin can now be used on Cardano for lending, tricks, and more, without the need for third -party trustees. The news raised the excitement in the market, which prompted the trading volume 24 hours to 500 million dollars. Cardano is currently trading at $ 0.669, and also gets a momentum after being included in the Nasdaq Exchange, indicating an increasing institutional interest.
Bitcoin enters Arena Cardano’s Defi
It is developed by Inputoutput HK, Cardinal allows users to place their Bitcoin to work through lending, borrowing, cultivation, or reckless on Cardano Blockchain. This has become possible using the coated “UTXO” technology, which can be burned at any time to recover bitcoin or original decrees. For the first time, Bitcoin holders have a way to take advantage of Defi on Cardano without trusting central platforms.
Safe, cross -cross chain, completely transparent
Instead of Custodians, Cardinal uses a safe system to sign Musig2, which makes bitcoin transactions safe, transparent and decentralized. It also supports the compatibility between the chain with networks like Ethereum, Solana and Avalanche. BitvmX is used to verify outside the chain, while Cardano Smart contracts deal with logic on the chain.
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Users can now interact with famous Defi platforms such as Minswapdex, Sundaeswap and fluid bananas to lend to bitcoin, farm and farm assets. Orders can also be used as a guarantee of loans and trades on other chains without losing their identity.
More features on the road
Cardano from Cardano believes this is a big step forward, but it says there is a lot to do. Future promotions may include support for wallet, zero proofs, and deeper liquidity.
This launch embodies the largest encrypted currency in the world with the ecological system of Cardano – which makes Robert Keusaki’s belief that Bitcoin is “people’s money” closer to reality.
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Common questions
Cardano is a Cardano Protocol that allows users to lend, borrow, or share Bitcoin without a third -party secretariat.
Yes, the Cardinal Defi supports Ethereum, Solana and Avalanche through the BTC assets wrapped.
Yes, Cardinal enables the use of bitcoin caught on Cardano for Defi services such as lending, agriculture and tricks.
