Charles Hoskinson, director ejecutivo y fundador de Cardano , dijo que su misión era ver un ecosistema de aplicaciones híbridas impulsadas por Bitcoin habilitado para DeFi . Añadió que le gustaba la idea de que Bitcoin finalmente tuviera una capa DeFi y volviera a la prominencia de la innovación, con Cardano desempeñando un papel clave en el proceso.
Hoskinson imaginó un escenario en el que los usuarios solo necesitarían gastar Bitcoin para lograr el objetivo, y cree que Cardano podría lograrlo con las tarifas de Babel. La idea era crear un ecosistema donde los usuarios pudieran interactuar con las dApps gastando Bitcoin directamente. Señaló que esto podría facilitar las cosas a los usuarios y al mismo tiempo agregar nuevas funciones a la configuración existente de Bitcoin .
Solo un breve recordatorio, después de haber existido durante mucho tiempo y haber leído gran parte del código fuente inicial de Bitcoin , es fácil para mí volver a la mentalidad del diseño y propósito de Bitcoin .
Es como un amigo de la infancia con el que perdí contacto y redescubrí. I…
- Charles Hoskinson (@IOHK_Charles) 26 de noviembre de 2024
Hoskinson stated that the Cardano-powered DeFi on Bitcoin integration through the BitcoinOS grail bridge could help Cardano tap into Bitcoin’s liquidity and ‘plug-in’ to Bitcoin as application layers. As Bitcoin’s DeFi ecosystem continued to mature, Hoskinson believed that the Cardano-Bitcoin bridge would be the first step to true Bitcoin DeFi applications.
He clarified that the Cardano network would eventually host Bitcoin-secured DeFi apps. Hoskinson added that babel fees would enable Bitcoin developers to create hybrid apps in Aiken and pay transaction fees in BTC. However, Hoskinson explained in an X post that has since been deleted that developers needed to be trained in Cardano’s Aiken programming language to create the hybrid apps.
“It’s now a goal of mine to see an ecosystem of hybrid apps powered by DeFi enabled Bitcoin. This vision should only require the user to spend bitcoin to make it happen. Thanks to babel fees, Cardano can make this happen.”
-Charles Hoskinson
Hoskinson claimed this would be an enormous amount of work with ‘very heavy lifting’ since there were wallet integrations and so many other things that needed to happen. He, however, pointed out that it would all be worth it because Bitcoin was a trillion-dollar asset.
According to an extensive Footprint analytics report, implementing DeFi on Bitcoin presented several technical challenges, including scalability and interoperability. Bitcoin’s scalability was a primary concern since its base layer was limited in transaction throughput due to its block time constraints and block size, as per the report. Bitcoin’s layer 2 and sidechain ecosystems were still in their early stages, limiting the range of DeFi apps that could be supported effectively.
Interoperability was also of significant concern, as per the report, since bridging Bitcoin with other blockchains without compromising decentralization or security was a complex procedure that required innovation.
Regulatory scrutiny was expected to increase as Bitcoin DeFi continued to grow. The Footprint analytics report revealed that Bitcoin’s decentralized and ‘pseudonymous’ nature posed challenges for compliance. Notably, this compliance issue could potentially slow down the development and adoption of DeFi on Bitcoin.
The analytics firm emphasized that navigating these regulatory landscapes would be crucial for the sustainable growth of Bitcoin DeFi. As per the report, there were significant opportunities for technological advancements that could bolster Bitcoin DeFi, such as the enhancement of layer 2 solutions.
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