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BlockNews
Home CRYPTO

Cardano Integrates with the Bitcoin Network for Seamless Cross Chain BTC Transfers

by Sham
October 24, 2024
in CRYPTO, DEFI, FEATURED
Reading Time: 2 mins read
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  • Cardano is integrating BitcoinOS’s BOS Grail Bridge, making it the second major Layer 1 blockchain after Bitcoin to plug into BOS infrastructure.
  • The Grail Bridge will allow for trustless bridging of BTC and other Bitcoin assets with Cardano, giving Cardano users access to Bitcoin’s liquidity and BTC holders access to Cardano’s scalability and applications.
  • This integration symbolizes the reuniting of Bitcoin and crypto, bringing together the value of Bitcoin and the features of altcoin networks like Cardano.

The divide between Bitcoin and the rest of crypto has become a glaring problem. Bitcoin comprises 59% of the total crypto market value, yet accounts for a tiny fraction of network activity compared to altcoins. Cardano, the 11th largest blockchain, is bridging this gap by integrating the BitcoinOS (BOS) Grail bridge. This groundbreaking move gives Cardano users decentralized access to Bitcoin’s dominant liquidity and unlocks Bitcoin’s network for Cardano‘s superior scalability and applications.

JUST IN: Cardano $ADA Integrates with the Bitcoin Network for Seamless Cross-Chain $BTC Transfers 👇https://t.co/QzkwxyxzBU

— BlockNews.com (@blocknewsdotcom) October 24, 2024

Why Cardano Chose BitcoinOS

EMURGO, a founding entity of Cardano, will develop on BOS to bring Bitcoin’s liquidity to Cardano in a decentralized fashion. The Grail bridge will enable trustless transfers of BTC between Bitcoin and Cardano using zero-knowledge cryptography.

This is the first time an L1 aside from Bitcoin will allow decentralized BTC storage and transfer. Trustless bridging is essential for uniting blockchains and transforming them into layers on top of Bitcoin. It gives Cardano users Bitcoin access and gives Bitcoin holders seamless access to Cardano’s features.

www.bitcoinos.build

Nothing Stops The BOS Train

First it was Sovryn, then Merlin Chain and B Network. Now Cardano. Each integration demonstrates BOS’s role – to upgrade not just Bitcoin, but all of crypto. BOS allows crypto innovations to benefit Bitcoin investors.

Tags: BitcoinBitcoinOSBlockchainCardano
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