On Cardinal: A case study
Fairgate’s Cardinal enables trust-minimized bridging of Bitcoin Ordinals to Cardano via BitVMX, overcoming Bitcoin’s programmability limits. Using a decentralized 1-out-of-n honest committee model, Cardinal secures cross-chain ownership without predefined addresses, unlocking DeFi features like staking and lending.
fairgate.io/case-studies
🔗
Cardinal: Cardano Ordinals and Bitcoin Interoperability
“The future of DeFi is cross-chain, and BitVMX exemplifies how Bitcoin can be a foundational layer in this evolution, by combining Cardano’s flexibility with Bitcoin’s security, we open the door to entirely new financial instruments and services.”
Charles Hoskinson, CEO of IO