$BTC The biggest awkwardness is that it’s very valuable, yet it’s hard to transfer and use it safely on other chains.

Right now, cross-chain generally only has three paths: hand the coins to a custodian, use a cross-chain bridge, or swap into a wrapped BTC version. The result is that, in order to enter DeFi, you first have to bring back the middlemen and reintroduce the hacking risk.
@IOGroup Recently released publicly, CANS is looking for a different solution.
It arranges traders in a circle, where each person only pays once and receives once. If someone runs off at the last minute, all transactions are automatically refunded; once everyone has completed the lockup, the entire circle executes together.
So far, the Rust reference implementation has been tested with up to 20 participants, and it can handle swaps of $BTC, $ADA (still on ADA, right?) and between different chains.
But don’t rush to call for a Cardano revolution—its official GitHub is very clear: the code hasn’t been fully audited yet, and it can’t be used directly in production environments.
What CANS is solving now is whether safe swaps are possible “mathematically.”
As for who acts as the matcher, where the liquidity comes from, and whether regular users will actually use it—those are the more troublesome questions that us ordinary retail investors get to worry about.
#Ourbit Not just Crypto—one-stop trading for globally popular assets.