Last updated 3 weeks ago

Bitcoin Lightning Payments on Cardano using Cardinal

Problem

Cardano and Bitcoin users cannot use Lightning to receive trust-minimized BTC on Cardano instantly. Existing solutions require trust in external parties or have long delays and limit real-time use.

Solution

We combine the speed of Lightning Payments with the security of Cardinal using a Liquidity Manager so that users can pay with Lightning and instantly receive wrapped BTC on Cardano boosting adoption.

₳100,000
Total funds requested

About this idea

Team

The project team has successfully delivered Catalyst projects in the past and covers all necessary skills ranging from experience with Cross-Chain protocol design and implementation, Plutus contract development, Bitcoin Lightning, Threshold Cryptography to successful project management and delivery.

Hendrik Amler (Co-Founder, CEO)

Master’s degree in Computer Science focused on IT security. Leads project management and ecosystem outreach. Has worked on two previous successful Catalyst projects (State Channels, Threshold Cryptography).

Ilja von Hoessle (Dev Lead)

Holds a PhD in Physics, Technical Lead for Perun State Channel OSS project, experience in go, rust, python in 4+ different ecosystems. Designed and implemented interoperability layer between EVM and non-EVM (including EUTXO based) ecosystems including Lightning Network.

Huy Tranh (Core developer)

Holds bachelor’s degree in Computer Science. Core Developer. Has experience with EUTXO based ecosystems and Cardano Development. Has worked on a previous Catalyst project extending an existing library with Threshold Cryptography.

Jan Bormet (Researcher)

PhD Student and researcher. Experience with Cardano development (Cardano Plutus/EUTXO contract development) for State Channels. Experience in protocol development, formal verification and assessing security.

No Additional Hiring Needed for MVP:

All required skills for MVP delivery are already present in the team.