- Cardano's new BitcoinOS integrates Bitcoin with sensible contracts and DApps, increasing its performance.
- BitcoinOS allows zero-knowledge cross-chain transactions and proofs on the Bitcoin mainnet.
- This innovation bridges the hole between Bitcoin and Cardano, permitting Bitcoin holders to entry DeFi and GameFi on Cardano.
Cardano and Bitcoin at the moment are related via the brand new Bitcoin Working System (BitcoinOS), permitting larger interplay between the 2 blockchains.
Introduced by BitcoinOS co-founder Edan Yago, this replace will permit bitcoin holders to entry sensible contracts on Cardano, opening up bitcoin to decentralized finance (DeFi) and decentralized functions (DApps).
BitcoinOS will even allow zero-knowledge proofs instantly on the Bitcoin mainnet, permitting Bitcoin to securely work together with different chains, particularly Cardano.
Bridging the hole between Bitcoin and sensible contract platforms
Launched in 2009, Bitcoin initially featured a decentralized utility (DApp) known as “Poker Foyer”. Nevertheless, this characteristic was eliminated and Bitcoin remained centered on asset holding and transactions.
This has led to 2 parallel developments within the crypto world: Bitcoin as a retailer of worth and the broader crypto market with DApps and sensible contracts.
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Bitcoin's worth, restricted by its single-use operate, is round $1.4 trillion. However BitcoinOS might change that by giving Bitcoin new options and interactions.
Charles Hoskinson, the founding father of Cardano, defined that BitcoinOS will act because the “mind” for Bitcoin, permitting it to work together with different networks.
As a result of it interfaces with Cardano's UTXO mannequin, comparable in design to Bitcoin, BitcoinOS will permit Bitcoin to make use of Cardano's sensible contract system with out compromising safety.
Cross transactions and new monetary choices
This connection creates a safe bridge between Bitcoin and Cardano, enabling asset transfers between chains. BitcoinOS will even permit Bitcoin holders to pay transaction charges in BTC when utilizing Cardano's DeFi and GameFi platforms.
Following this announcement, some members of the crypto group expressed concern about potential compromises in Bitcoin's basic rules. Hoskinson clarified that BitcoinOS doesn’t instantly have an effect on the Bitcoin community, however solely gives a safe interplay with Cardano's sensible contract capabilities.
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