🚀 The Cardano-Bitcoin bridge is about to launch, promising to pave the way for DeFi on Bitcoin! 🌉

- Emurgo and BTCOS are developing this bridge, allowing DeFi applications on Cardano to be secured by Bitcoin.

- Charles Hoskinson stated that hybrid Cardano/Bitcoin applications will soon emerge, with transaction fees in BTC.

- Some Bitcoin users remain skeptical about the security of these DeFi applications.

- Grail uses zero-knowledge proofs (ZK proofs) to reduce storage data on Bitcoin, allowing users to withdraw BTC from Cardano without relying on the security of the network.

- Developing hybrid applications may take time due to the need to train developers in Cardano's Aiken language.

- Grail could be a safer bridging solution for BTC, but there is still a risk if 100% of verifiers collude.

What do you think about the future of DeFi on Bitcoin? Share your thoughts! 💬