Charles Hoskinson, the founder of Cardano, has shared his top priorities for the network this year.

His focus includes integrating Bitcoin into Cardano’s decentralized finance (DeFi) ecosystem, enhancing network scalability, and pursuing broader interoperability through potential collaborations.

Cardano’s Growth Plan Emphasizes Bitcoin, Stablecoins and Chainlink Collaboration

Hoskinson recently unveiled his strategy to strengthen Cardano’s capabilities in three critical areas. A key highlight is the integration of Bitcoin liquidity into Cardano’s DeFi ecosystem. He described this as a vital component for long-term growth, noting that Bitcoin’s potential market on Cardano dwarfs that of Ethereum and Solana combined.

Last year, he revealed he was targeting a May 2025 demonstration for the Bitcoin2025 event. This move could position Cardano as a significant player in Bitcoin DeFi, drawing liquidity from the leading cryptocurrency.

However, the announcement sparked debate when Hoskinson mentioned Fairgate as a partner. Critics questioned whether this would replace BitcoinOS, which Emurgo had previously announced. Hoskinson clarified that Fairgate powers BitcoinOS technology and operates without requiring tokens, relying solely on Bitcoin for seamless cross-chain transactions.

Scalability remains a top priority for the network’s growth. Hoskinson plans to implement updates like Leios to enhance transaction speeds and efficiency. These upgrades aim to handle higher transaction volumes, ensuring Cardano competes effectively with rivals like Solana.

Meanwhile, Hoskinson also hinted at a potential collaboration with Chainlink to enhance interoperability. He emphasized the importance of making Cardano a connected “peninsula” rather than an isolated “island.” This approach aligns with his vision of fostering integrations across ecosystems.

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Author: Oluwapelumi Adejumo