Charles Hoskinson, the creator of Cardano, anticipates a major transformation of the crypto landscape in the coming years, predicting that Bitcoin-based decentralized finance will outperform all competing DeFi ecosystems.
A radical transformation of the Bitcoin ecosystem
On November 27, Charles Hoskinson shared his vision during a notable intervention on YouTube. The founder of Cardano, who began his career in the Bitcoin universe, is now seeing a spectacular metamorphosis of the first crypto.
“ Bitcoin went from a sleeping giant to an innovative force four times larger than Ethereum and Solana combined“, assertshe said with conviction.
This renaissance can be explained in particular by the growing interest of institutions and governments in Bitcoin as a strategic reserve. The founder of Cardano believes that this dynamic, combined with new DeFi capabilities, will propel the price of Btc to historic highs.
The expert highlights that mass adoption of DeFi on Bitcoin is inevitable, mainly due to its unrivaled liquidity and unique scale in the crypto industry.
Technical innovation at the service of DeFi
To realize this vision, Hoskinson is unveiling a major innovation: “DeFi mode” on the Cardano network. This new protocol will allow Bitcoin holders to fully participate in the DeFi ecosystem while maintaining control of their private keys.
The system encapsulates Bitcoin into tokens on Cardano, providing access to decentralized exchanges and yield-generating financial products. The Cardano development team announced in October the launch of the Grail protocol, which establishes a direct bridge between the two blockchains.
The development of this infrastructure thus represents a significant step forward towards the creation of DeFi applications secured by the power of the Bitcoin network, while preserving its fundamental characteristics as a store of value.
In short, DeFi on Bitcoin could redefine the standards of decentralized finance, combining the incomparable security of the Bitcoin network with the flexibility of modern protocols. This development marks a decisive turning point in the maturation of the crypto ecosystem.
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