Gamza Khanzadaev
AnetaBTC aims to bring Bitcoin to the Cardano network and presents an updated roadmap
Decentralized protocol anetaBTC has presented an updated roadmap in its blog on Medium. According to the startup’s mission statement, its main goal is to become a fully decentralized Bitcoin wrapper protocol. Although anetaBTC is not directly connected to a blockchain, its cNETA token is issued on Cardano. However, the main focus is on Cardano and Ergo as the most secure blockchains, according to the project.
We’re excited to announce that our updated roadmap is now live! 👼
Details below 😇👇https://t.co/bzgEKtd1yR
1/6 pic.twitter.com/DQ211ZhF81
— anetaBTC 👼 Wrapped BTC on Ergo and Cardano (@anetaBTC) October 2, 2022
With the third quarter of 2022 behind us, anetaBTC hopes to launch BTC wrapping on the main network, conduct the first governance vote and launch a bug bounty program this quarter. An updated version of the project’s website and white paper should also be available within the next six months. By the end of the first quarter of next year, anetaBTC hopes to launch BTC wrapping Cardano, first on the test network and then on the main network. At the same time, a bug bounty must also be made available directly for the Cardano network.
Ultimate Goal
Importantly, according to the roadmap, the full integration of the BTC wrapping protocol on the anetaBTC website will not appear until the second half of 2023. The project also hopes to expand to other blockchains, including Ethereum and Algorand, while launching its own asset-backed stablecoin in the same period.
There are currently no bitcoin solutions on the Cardano and Ergo networks, despite some crutches that could be used.
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