Cardano has continued to advance its credentials as a place for Bitcoin Defi (BTCFI), facilitating an ordinal transfer to its netnet.
The transaction in the chain between Bitcoin and Cardano was facilitated by BitVMX, an interoperability protocol built using the Bitvm programming language.
The transaction was presented by entrance | Departure (IO), the creator of Layer 1 Cardano, at the Bitcoin 2025 conference in Las Vegas on Tuesday.
The bridge represents a “preview of what is to come,” IO said in an admitted advertisement. Its ultimate goal is a complete integration between Bitcoin and Cardano, providing Defi services for BTC users and unlocking large amounts of liquidity of the value stored in Bitcoin.
To this end, IO has developed the “Cardinal” protocol, a portmanteau of Cardano and Ordinals, which takes advantage of Bitvmx to assign Bitcoin native assets to the directions in Cardano.
The Ordinal protocol was introduced in early 2023, which allows the registration of data in individual satoshis (the smallest BTC denomination, equivalent to a 100 million of a bitcoin), which makes them unique and traceable. Indeed, this created an equivalent of Bitcoin of non -fungible tokens (NFT).
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