Bitcoin Ordinals Transferred to Cardano via BitVMX Protocol
Cardano has made strides in Bitcoin DeFi (BTCFi) by enabling Ordinals transfer to its mainnet. This on-chain transaction was facilitated by BitVMX, an interoperability protocol using the BitVM programming language.
The transaction was presented by Input | Output (IO) at the Bitcoin 2025 conference. Key details include:
- This bridge is a preview of future integration between Bitcoin and Cardano.
- IO aims to provide DeFi services for BTC users, unlocking liquidity from Bitcoin value.
- The "Cardinal" protocol will assign Bitcoin-native assets to Cardano addresses using BitVMX.
- The Ordinals protocol allows data inscription onto individual satoshis, creating unique, traceable assets similar to NFTs.