Charles Hoskinson to integrate Bitcoin with DeFi through Cardano by hybrid application ecosystem.
Cardano’s Babel fees could enable seamless DeFi transactions using Bitcoin.
Hoskinson praises Bitcoin’s Taproot upgrade for fostering innovation and scalability.
Charles Hoskinson, the founder of Cardano, envisions a future where Bitcoin-DeFi integration is made seamless through Cardano’s technology. In a post on X on Tuesday, Hoskinson said he admires Bitcoin’s design and purpose, comparing it to “a reunion with a childhood friend.”
Just a brief reminder, having been around for a very long time and having read a lot of the early source code for Bitcoin, it's easy for me to get back into the mindset of Bitcoin's design and purpose.
It's like a childhood friend that I lost touch with and re-discovered. I…
— Charles Hoskinson (@IOHK_Charles) November 26, 2024
Further, Hoskinson proposed a new ecosystem for hybrid applications. This would be based on Bitcoin and powered by Cardano, allowing users to access DeFi seamlessly. Because it relies only on Bitcoin, it would prevent other tokens from entering.
Babel Fees: A Key Feature
A key aspec…
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