Lots of presence at the Bitcoin 2025 to demo interoperability between Bitcoin and Cardano. And the Lace intern has been left in charge of the X account…
sneaking out a pic of BTC DeFi 👀
— lace.io (@lace_io) May 27, 2025
no ETA yet but couldn’t resist sharing…
hopefully I don’t get fired for this 😅 #Bitcoin #DeFi #WIP #ADA pic.twitter.com/0hU7sFURh6
We’ll add some more details as they become available…
Edit 28-May-2025
Details available from Fairgate here on how they enabled the first trust-minimized Ordinals movement between Bitcoin and Cardano:
Their approach uses a 1 out of n honest committee based security model which means only one observer from all observers needs to behave honestly. This seems pretty strong at first sight, and brings some excellent benefits to the way they can approach design of the system overall, specifically removing the need for custodians and increasing the level of decentralisation.
We will come back to this topic in a future blog post as it is obviously moving very fast.
Edit 02-Jun-2025
Here is the presentation by CH and the Input Output team from the Bitcoin Conference, covering interoperability using BitVMX and with some demonstrations of the Lace wallet, followed by a panel session. Worth watching in full.
“Hello Bitcoin, welcome to Cardano”…
Edit 06-Jun-2025
White paper now available for download at https://www.lace.io/bitcoin