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Cardano Bridges Bitcoin Ordinals, Advancing BTC DeFi Integration
HomeNews* Cardano has enabled the transfer of Bitcoin Ordinals to its mainnet, advancing Bitcoin decentralized finance (DeFi) capabilities.
According to IO, the new “Cardinal” protocol—named as a blend of Cardano and Ordinals—enables Bitcoin assets to be programmed and used directly on Cardano. Cardinal harnesses BitVMX technology so that unique assets from Bitcoin, like Ordinals, can be managed at Cardano blockchain addresses.
The Ordinals protocol, launched in early 2023, lets users inscribe data onto individual satoshis—the smallest unit of bitcoin, equal to one hundred millionth of a bitcoin—making them unique and traceable. This process created a Bitcoin-native version of non-fungible tokens (NFTs) that can now potentially interact with Cardano’s smart contract features.
IO said the ultimate goal is to allow DeFi services for Bitcoin users and to open up significant liquidity from Bitcoin’s stored value for use within the Cardano ecosystem. For further detail on related activity in Bitcoin DeFi, see Bitlayer Joins Forces With Antpool, F2Pool, and SpiderPool to Supercharge Bitcoin DeFi.
No additional figures or token values were provided in this announcement.
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