🚀 Cardano launches Cardinal protocol to connect Bitcoin to DeFi
Cardano has officially announced Cardinal, a new protocol that promises to revolutionize the market by connecting Bitcoin to the DeFi ecosystem of the Cardano network.
🔗 With Cardinal, BTC holders will be able to directly access staking, loans, and DeFi yields — without sacrificing security.
💡 The technology behind Cardinal utilizes Bitcoin's HTLCs and smart contracts from Cardano and BitVMX, with security enhanced by MuSig2 multisignatures, eliminating intermediaries and centralization.
📦 The "wrapped" assets created (tokens or NFTs) maintain a 1:1 parity with the original BTC, circulate on-chain, and release value when burned — with full traceability and control.
⚠️ The protocol is still in its initial phase, but version 1.0 will bring significant improvements. An ordinal of Bitcoin has already been encapsulated and successfully released between the main networks of Bitcoin and Cardano — a milestone for cross-chain interoperability.
✅️ The launch occurs in a climate of distrust towards centralized platforms, following collapses in the sector. Cardano aims to stand out with lower fees, auditable contracts, and increased security, targeting the space occupied by Ethereum.
📉 Although ADA has retreated about 16% in the last month, analysts see the $0.66 level as a key support and believe that Cardinal could be the trigger for a trend reversal.
#Cardano #BitcoinNoDeFi #InteroperabilidadeCripto #NoticiasCripto #Write2Earn
