Cardano $1.0 founder Charles Hoskinson, Input Output Global (IOG) Bitcoin 
$97,364.3 He announced that he will play an important role in strengthening the Decentralized Finance (DeFi) ecosystem around him. This statement comes in light of the increasing demand for Bitcoin’s usefulness and the recent partnerships between Cardano and Bitcoin.
Developing Bitcoin DeFi in 2025
In his statement from his X account, Charles Hoskinson stated that Bitcoin DeFi is an important road map to be followed by IOG in 2025. He gave the team a goal of creating a meaningful demo by May 2025.
Correct Scaling to Support BTC
Hoskinson said IOG will collaborate with Fair Gate Labs, a Multi-Party Computing protocol, to achieve the goals. He also noted that partnerships will also expand through community projects and wallets. Although there is no specific timeline for Minimum Viable Product (MVP), the Cardano founder stated that there is a lot of work to be done.
“Bitcoin DeFi is a critical roadmap item that IOG will pursue together with Fair Gate Labs and community projects in 2025. I gave the team a goal of creating a meaningful demo by May 2025. “This requires a great deal of work, but the opportunity is great.” –Charles Hoskinson
However, Hoskinson expressed his belief in the current opportunities, stating that it is time to wake up the sleeping giant in Bitcoin.
This update comes after Cardano’s partnership with BitcoinOS Bridge. In the previous ADA price analysis, the relationship between BTC and Cardano was re-emphasized, bringing to the fore the need to stimulate Bitcoin’s growth.
While it has been a big ask for IOG to introduce new solutions to enhance Bitcoin’s decentralized finance capabilities, in recent weeks the company has rolled out a series of updates to improve its mainnet.
After testing one of the latest features, Cardano Hydra Doom, Proof-of-Stake (POS) recorded the 1 million Transaction Seconds (TPS) milestone.
This huge scaling potential is considered a positive development for users who want to explore DeFi products, as Bitcoin has a very large user base.
Charles Hoskinson hinted that it is time for all the implementations that need to be done for the BitcoinOS partnership.
Cardano’s DeFi plans focused on Bitcoin present significant opportunities for both the Cardano and Bitcoin communities. Thanks to IOG’s scaling efforts and new partnerships, the Bitcoin ecosystem is expected to become more user-friendly and functional. These developments can spur innovation in the DeFi field and contribute to new dynamics in the crypto market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
