AnetaBTC aims to bring Bitcoin to the Cardano network and presents an updated roadmap
Decentralized protocol anetaBTC presented an updated roadmap in its blog on Medium. According to the startup’s mission statement, its primary goal is to become a fully decentralized bitcoin wrapper protocol. Although anetaBTC is not directly affiliated with any 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 are thrilled 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 start BTC Wrapping on the mainnet this quarter, conduct the first governance vote, and launch a bug bounty program. An updated version of the project website and a 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 testnet and then on the mainnet. At the same time, a bug bounty will also have to be made available directly for the Cardano network.
Ultimate goal
It is important to note that the full integration of the BTC Wrapping protocol on the anetaBTC website will not appear until the second half of 2023, according to the roadmap. The project also hopes to expand to other blockchains, including Ethereum and Algorand, and launch its own asset-backed stablecoin during the same period.
There are currently no Bitcoin solutions in the Cardano and Ergo networks, despite a number of crutches that could be used.
