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Charles Hoskinson Foresees Bitcoin’s DeFi Market Surpassing Ethereum and Solana
Change in Perspective
Founder Charles Hoskinson’s Optimistic Outlook
Renowned founder Charles Hoskinson has shifted his perspective on the future of Bitcoin, predicting that its DeFi market could potentially surpass that of Ethereum and Solana.
Integration with Cardano
Enhanced Connectivity Driving DeFi Potential
A key factor in this shift is the recent integration between Cardano and Bitcoin through the new BitcoinOS Grail bridge. This development enables the Cardano blockchain to interact with the Bitcoin network, unlocking vast DeFi possibilities.
Revival of Bitcoin Education Project
Empowering Developers for Hybrid Apps
Inspired by this connection, Hoskinson plans to revive the Bitcoin Education Project by 2025. This initiative will provide essential resources for BTC developers on GitHub’s Hyperledger Identus repository, facilitating the creation of Cardano-Bitcoin hybrid apps and enabling transaction fee payments in Bitcoin through the Babel fee implementation.
Renewed Enthusiasm
Bitcoin’s Evolving Role in the Ecosystem
Despite previous skepticism about Bitcoin’s sustainability without adaptation, Hoskinson now expresses renewed enthusiasm. He believes that Bitcoin’s foray into DeFi could pave the way for a more dynamic role in the crypto ecosystem.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
