#CardanoDebate Cardano builds "the first bridge" to interact with Bitcoin

Charles Hoskinson, CEO of that network, presented the Cardinal protocol, which promises to integrate both ecosystems. Cardinal heralds functionalities such as staking, loans, and trading of Ordinals in Cardano with BTC.

The protocol would serve as a bridge that wraps Bitcoin UTXO for DeFi in Cardano.

The Cardano network presented Cardinal on June 10, a new protocol designed to connect and function as a bridge between that network and the Bitcoin ecosystem.

This development, according to Charles Hoskinson, founder of Cardano, represents the "first DeFi protocol for Bitcoin developed for Cardano". Cardinal, developed by Input Output Hong Kong (IOHK), one of the founding entities of Cardano, led by Hoskinson, introduces a mechanism with "minimal trust dependency" to integrate Bitcoin UTXO (unspent transaction outputs) into the Cardano ecosystem, as explained by Romain Pellerin, CTO of IOHK.

However, the protocol is not yet a fully production-ready solution. Pellerin stated that Cardinal is in its early stages, describing it as an infrastructure that requires further refinement.