Cardano founder Hoskinson sees Bitcoin as the key to the defi revolution and plans integration of innovative technologies
<p> <strong> Cardano founder Hoskinson sees Bitcoin as the key to the defi revolution and plans integration of innovative technologies </strong> </p>
Cardano and Bitcoin: On the way to the Defi-Revolution
Introduction to the vision of Charles Hoskinson
Charles Hoskinson, co -founder of Cardano, has a clear idea of the future of decentralized finances (Defi) - especially with regard to Bitcoin. He predicts that the implementation of improvements in the technologies Taproot and Lightning Network Bitcoin will make a magnet for institutional investors. These developments could introduce Bitcoin into the world of defi and make it accessible to a wider range of financial services.
The role of Cardano in Bitcoin Defi development
Cardano is actively working to promote the development of defi functions for Bitcoin. The platform recently equipped its Light Wallet Lace with Bitcoin support, which represents an important step towards multi-chin functionality. Through the combination of advanced technology and strategic partnerships, Cardano aims to promote connectivity with Bitcoin without endangering the independent expansion path of your own ecosystem.
In an interview with Scott Melker, Hoskinson emphasized that Cardano started preparing the necessary infrastructure to integrate Bitcoin into the Defi world. Financial institutions therefore need Bitcoin-based defi solutions to make profits, which could lead to an increasing interest in Bitcoin-DEFI.
Innovations in the Defi landscape
Hoskinson expects that after the successful introduction of financial products that resemble Bitcoin ETFs with defi returns will be created. He is convinced that institutional investors will support Bitcoin DEFI together with UTXO-based defi applications over the next three years.
Another important aspect is the planned connection of Cardano’s hydra solution to Bitcoin's Lightning Network. This cooperation aims to promote the scalability of the platform and create a trustless bridge between the two blockchains to improve interoperability.
The synergies of Bitcoin and Cardano
The programming language Aiken developed by Cardano enables developers to create scripts that work both in the Bitcoin and Cardano network. This cooperation is intended to create a simplified connectivity between Bitcoin and UTXO-based blockchains, which will offer users a seamless experience.
Hoskinson notes that the latest developments in Bitcoin-especially through Taproot and the Lightning Network-have made it possible for the network to provide programmable functions for defect applications. The adjustments of these technologies enable Cardano to offer Bitcoin owners solutions without having to use other currencies.
Outlook on the future of Bitcoin-Defi
In the combination of Bitcoin and its own blockchain,cardano sees the opportunity to create a defi platform that is able to outperform Ethereum and Solana. Bitcoin owners could benefit from the advantages of the Defi system by using Cardano's platform and expand the use of Bitcoin beyond its function as a value reserve.
Currently, the native cryptocurrency ADA von Cardano faces challenges because it acts in volatile market conditions. However, experts are optimistic that a price increase could be recorded in May, which indicates stabilizing the market.
Although Hoskinson did not take part in the White House Crypto Summit, he remains focused on innovative developments within the project. He points out that Cardano's work on Bitcoin does not go at the expense of the core development of your own network.
conclusion: forecast for the growth of defi
The partnerships between institutions and cardano as well as the strategic alliances formed in the direction of Bitcoin DEFI suggest that decentralized finance will grow strongly in the coming years. The time will show whether this merger can be successful and what effects it will have on the long -term acceptance of Bitcoin.