Cardano: First wrapped BTC minted on network in significant milestone CardanoCommunity Bitcoin WrappedBitcoin CardanoADA
In minting cBTC, users would add their ADA address to the BTC TX metadata and deposit BTC, which is then processed and confirmed by anetaBTC. The cBTC is minted and then sent to the user's Cardano wallet.
Thus, a new world of possibilities is opened for Cardano users, who will soon be able to access Bitcoin functionality within the Cardano network. Aneta is one of the first projects enabling this on Cardano.The path for bringing Bitcoin to the Cardano and Ergo platforms was published by anetaBTC, a Bitcoin wrapping protocol, in March 2022.
AnetaBTC released a public testnet for wrapped Bitcoin on the Ergo platform in January. AnetaBTC intends to launch Cardano's public testnets this March, as well as make open-source contracts available and finish the audit.
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