Cardano unlocks Bitcoin liquidity with BitcoinOS Grail Bridge integration

Cardano has integrated with the Bitcoin ecosystem done BitcoinOS’s Grail Bridge, unlocking the apical integer asset’s important liquidity for its DeFi ecosystem.

On Oct. 24, BitcoinOS explained that the determination would grow Bitcoin’s scope and alteration decentralized programmability connected its network.

The integration makes Cardano the archetypal Layer 1 blockchain to usage BitcoinOS infrastructure, tapping into Bitcoin’s immense $1.3 trillion liquidity pool. BitcoinOS has already announced integrations with several different Bitcoin Layer-2 chains, including Merlin and Sovyrn.

The concern aims to code a captious spread successful the Bitcoin web by introducing the needed infrastructure for DeFi activities.

Although Bitcoin leads successful value, astir crypto activities hap extracurricular its ecosystem. With this successful mind, BitcoinOS has designed the integration to span Bitcoin with the remainder of the crypto world, fostering a unified integer scenery that maximizes value.

Grail Bridge

BitcoinOS explained that its Grail Bridge uses zero-knowledge cryptography to fto Bitcoin users determination their assets securely.

The concern empowers Cardano to leverage the Grail Bridge to boost liquidity, facilitating trustless transfers of BTC and different Bitcoin-based assets.

Cardano’s founder, Charles Hoskinson, stated that BitcoinOS operates not arsenic a elemental span but arsenic a “brain” guiding Bitcoin’s integration into the broader crypto ecosystem.

He added:

“[BitcoinOS] is going to fto Bitcoin travel into the crypto world, and they yet get to ditch their boring lives and bask DeFi, GameFi, and the magic of Smart Contracts.”

Hoskinson besides highlighted an further payment of the integration, noting that it allows users to wage fees straight successful Bitcoin, creating communal advantages for users. He stated:

“Whether your bitcoin enactment astatine location oregon spell sojourn different chains, it doesn’t interaction the bitcoin network. With BOS, they tin present spell interact with different ledgers. Only with cardano tin you bash it natively with UTXO and soon wage your transaction fees successful Bitcoin. This means bitcoin present has a astute declaration layer.”

The station Cardano unlocks Bitcoin liquidity with BitcoinOS Grail Bridge integration appeared archetypal connected CryptoSlate.