Cardano built-in into the Bitcoin ecosystem by way of BitcoinOS's Grail Bridge, unlocking vital liquidity of the highest digital asset for its DeFi ecosystem.
On October 24, BitcoinOS defined that the transfer will broaden Bitcoin's attain and allow decentralized programmability on its community.
With this integration, Cardano is the primary layer 1 blockchain to make use of the BitcoinOS infrastructure and faucet into the large $1.3 trillion Bitcoin liquidity pool. BitcoinOS has already introduced integration with a number of different Bitcoin Layer-2 chains, together with Merlin and Sovyrn.
The partnership goals to handle a important hole within the Bitcoin community by introducing the required infrastructure for DeFi actions.
Though Bitcoin leads in worth, most crypto exercise takes place outdoors its ecosystem. With this in thoughts, BitcoinOS designed the combination to bridge Bitcoin with the remainder of the crypto world and foster a unified digital atmosphere that maximizes worth.
The Grail Bridge
BitcoinOS defined that its Grail Bridge makes use of zero-knowledge cryptography to permit Bitcoin customers to maneuver their property securely.
This partnership permits Cardano to make use of the Grail Bridge to extend liquidity, facilitating trustless transfers of BTC and different Bitcoin-based property.
Cardano's founder, Charles Hoskinson, mentioned that BitcoinOS doesn’t act as a easy bridge, however as a “mind” that drives the combination of Bitcoin into the broader crypto ecosystem.
added:
“(BitcoinOS) will let bitcoins movement into the crypto world and they’ll lastly do away with their boring lives and revel in DeFi, GameFi and the magic of good contracts.”
Hoskinson additionally highlighted one other advantage of the combination, noting that it permits customers to pay charges straight in Bitcoin, creating mutual advantages for customers. He acknowledged:
“Whether or not your Bitcoin stays at dwelling otherwise you go to different chains, the Bitcoin community is not going to be affected. With BOS they’ll now talk with different ledgers. Solely with cardano you are able to do this natively with UTXO and shortly pay transaction charges in bitcoins. This implies Bitcoin now has a wise contract layer.”
