Cardano has continued to advance its credentials as a venue for Bitcoin Defi (BTCFi), facilitating a switch of Ordinals to its mainnet.
The on-chain transaction between Bitcoin and Cardano was facilitated by BitVMX, an interoperability protocol constructed utilizing the BitVM programming language.
The transaction was unveiled by Enter | Output (IO), the creator of the layer 1 Cardano, on the Bitcoin 2025 convention in Las Vegas on Tuesday.
The bridge represents a “preview of what’s to come back,” IO mentioned in an emailed announcement. Its final intention is a full integration between Bitcoin and Cardano, offering DeFi companies for BTC customers and unlocking enormous quantities of liquidity from the worth saved in bitcoin.
To this finish, IO has developed the “Cardinal” protocol, a portmanteau of Cardano and Ordinals, which harnesses BitVMX to assign Bitcoin-native property to addresses on Cardano.
The Ordinals protocol was launched initially of 2023, enabling the inscription of knowledge onto particular person satoshis (the smallest BTC denomination, equal to at least one 100 millionth of a bitcoin), this making them distinctive and traceable. In impact, this created a Bitcoin equal of non-fungible tokens (NFTs).
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