CandleFocus Cardano to Power Bitcoin With DeFi, Announces Charles Hoskinson
2024-11-26
Author: Content Editor
Charles Hoskinson, the creator of Cardano, plans to incorporate decentralized finance (DeFi) features into Bitcoin. He wants to enhance Bitcoin's design and capabilities by allowing users to directly interact with decentralized apps (dApps) using the cryptocurrency. Hoskinson aims to maintain Bitcoin's original ethos and collaborate with the pioneers of the cryptocurrency while avoiding unnecessary distractions. The integration will leverage developments like Bitcoin's Taproot upgrade to improve privacy and scalability. The vision includes using Cardano's Babel fees to support hybrid apps powered by Bitcoin.
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