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Bitcoin Arrives on Cardano without Bridges or Wrapping Using the Charms Protocol · Cardano Feed
Summary
A team behind the Charms protocol claims to have transferred real Bitcoin to Cardano as a native token, without intermediaries, wrapping, or custodians. The demonstration, presented by the Learn Cardano channel, proposes a zero-knowledge proof-based alternative for connecting UTXO ecosystems and could usher in a new era for DeFi on Bitcoin and Cardano.
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Charms claimed to have effectively connected the Bitcoin and Cardano ecosystems through cross-asset transfers and dapp compatibility between the two networks, in an announcement that focuses on UTXO interoperability and local proof verification without relying on centralized indexers.