Cardano

Grail

Solana

Bitcoin

DeFi

<p>Charles Hoskinson, the creator of Cardano, anticipates a major transformation of the crypto landscape in the coming years, predicting that decentralized finance based on Bitcoin will surpass all competing DeFi ecosystems.</p>
<h2 id="h-a-radical-transformation-of-the-bitcoin-ecosystem">A Radical Transformation of the Bitcoin Ecosystem</h2>
<p>On November 27, <a href="https://www.cointribune.com/en/crypto-charles-hoskinson-has-unwavering-confidence-in-ada/" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson</a> shared his vision during a notable intervention on YouTube. The founder of Cardano, who started his career in the Bitcoin universe, today observes a spectacular metamorphosis of the first cryptocurrency.</p>
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<p>“<em>Bitcoin has transformed from a sleeping giant to an innovation force four times larger than Ethereum and Solana combined</em>“, <a href="https://cointelegraph.com/news/cardano-founder-predicts-bitcoin-defi-will-dominate-crypto-within-3-years" target="_blank" rel="noopener noreferrer nofollow">he asserts</a> with conviction.</p>
<p>This renaissance is notably explained by the growing interest from institutions and governments in Bitcoin as a strategic reserve. The founder of Cardano believes that this momentum, combined with new DeFi capabilities, will propel the price of <a href="https://www.cointribune.com/en/why-100000-could-change-the-history-of-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC to historic highs</a>.</p>
<p>The expert emphasizes that the massive adoption of DeFi on Bitcoin is inevitable, mainly due to its unmatched liquidity and unique scale in the crypto industry.</p>
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<h2 id="h-an-technical-innovation-serving-defi">A Technical Innovation Serving DeFi</h2>
<p>To realize this vision, Hoskinson reveals a major innovation: the “DeFi mode” on the <a href="https://www.cointribune.com/cardano-ada-un-reseau-en-plein-essor/" target="_blank" rel="noopener noreferrer nofollow">Cardano network</a>. This new protocol will allow Bitcoin holders to fully participate in the DeFi ecosystem while retaining control of their private keys.</p>
<p>The system encapsulates Bitcoin in tokens on Cardano, thus providing access to decentralized exchanges and yield-generating financial products. The Cardano development team announced in October the launch of the Grail protocol, which establishes a direct bridge between the two blockchains.</p>
<p>The development of this infrastructure thus represents a significant advance towards the creation of DeFi applications secured by the power of the Bitcoin network, while preserving its fundamental characteristics as a store of value.</p>
<p>In conclusion, <a href="https://www.cointribune.com/defi-sur-bitcoin-pantera-capital-predit-une-revolution-de-500-milliards-de-dollars/" target="_blank" rel="noopener noreferrer nofollow">DeFi on Bitcoin</a> could redefine the standards of decentralized finance, combining the unmatched security of the Bitcoin network with the flexibility of modern protocols. This evolution marks a decisive turning point in the maturation of the crypto ecosystem.</p>

Here Is Why Bitcoin Will Dominate Decentralized Finance

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