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Cardano News: Bitcoin DeFi Ecosystem Now Live – Hoskinson Hails a New Era

  • Charles Hoskinson envisions a future where DeFi expands into the Bitcoin and XRP ecosystems, with Cardano acting as a bridge.
  • Hoskinson highlighted the potential of Bitcoin DeFi, citing upgrades like Taproot and the need for companion networks like Cardano for transaction processing.
  • He emphasized the architectural similarities between Cardano and Bitcoin, pointing out the efficiency of the UTXO model used by both.
  • Additionally, Hoskinson proposed integrating XRP Ledger with Cardano to enable smart contract functionality for XRP users, potentially opening the gates for institutional investment in ADA.

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