Cardano’s Hoskinson Turns Bullish On Bitcoin, Predicts BTC DeFi Will Eclipse That Of Ethereum And Solana ⋆ ZyCrypto
The post Cardano’s Hoskinson Turns Bullish On Bitcoin, Predicts BTC DeFi Will Eclipse That Of Ethereum And Solana ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Despite the Bitcoin network’s lackluster speeds and a subsequently sub-optimal user experience, Cardano founder Charles Hoskinson is super optimistic about decentralized finance (DeFi) in the Bitcoin ecosystem. Hoskinson has forecasted that DeFi is coming to Bitcoin, harnessing its security and liquidity, owing to BTC’s market cap in excess of $1.3 trillion and that the original and thus oldest blockchain will dwarf anything Solana (SOL) and Ethereum (ETH) have done so far. Hoskinson Details How Bitcoin Will Take Over DeFi Charles Hoskinson has mapped out how Bitcoin could become the new foundation for decentralized finance. Hoskinson said in a Friday post on X that he plans to help drive full integration of DeFi on the Bitcoin blockchain. Hoskinson launched The Bitcoin Education Project in 2013, providing free, peer-reviewed content on Bitcoin and the broader crypto domain. Now, with Bitcoin “back in the family,” he plans to relaunch the Project in 2025 and create a new edition of his course in the educational program. Advertisement   According to the creator of Cardano, the new edition will revise previous content and include resources specifically for developers planning to create and deploy applications on the Bitcoin network. Notably, Bitcoin developers will be able to use Aiken, a modern programming language and toolkit for developing smart contracts on the Cardano blockchain. Hoskinson also shared that with Babel fees, Bitcoin developers can develop hybrid Cardano-Bitcoin applications using Aiken and pay their transaction costs in Bitcoin. “DeFi is coming to Bitcoin, and it will dwarf anything Solana and Ethereum have done,” he concluded. Hoskinson’s Change Of Heart For BTC Hoskinson’s epic Bitcoin plans come just a few months after he slammed the alpha crypto. In May, he said in a video that the crypto sector no longer needed Bitcoin to survive. However, he believed…
Filed under: News - @ October 26, 2024 7:26 pm