Founder of Cardano, Charles Hoskinson, has officially launched Cardinal, the first Bitcoin-focused, decentralized finance (DeFi) protocol, which is built on the Cardano blockchain. This event is a major step forward in blockchain interoperability. Now, Bitcoin users can interact with Cardano’s DeFi ecosystem without surrendering custody of their assets. Cardinal contains several advanced technologies that make its secure, cross-chain transactions possible. Bitcoin holders have a new way to make their assets work for them, all while using Cardano’s scalable infrastructure. The protocol uses MuSig2, a multi-signature technology that aggregates signatures from several parties into a single, compact form. This is what
The post Charles Hoskinson Unveils Cardinal: A Groundbreaking Bitcoin DeFi Protocol on Cardano appeared first on The Merkle News.
