A new move came from the popular altcoin Cardano, which could not show the expected performance.
Accordingly, Cardano (ADA) has implemented a new integration with the Bitcoin (BTC) smart contract platform BitcoinOS (BOS).
BitcoinOS announced that the Grail bridge went live for the Cardano network on Thursday, paving the way for the flow of liquidity from Bitcoin into the Cardano ecosystem.
With the Cardano BOS integration, Bitcoin’s market value of approximately $1.3 trillion will become accessible.
The statement said the integration aims to enable Cardano users to securely access Bitcoin without any intermediaries.
It was also stated that EMURGO, the founding organization of Cardano, will be included in the ecosystem that develops tools and services to attract BTC capital and vice versa send ADA tokens to the Bitcoin network.
“The integration has the potential to unlock new cross-chain capabilities, which could help accelerate DeFi adoption,” said Ken Kodama, CEO of EMURGO. “Furthermore, this integration with BOS will provide secure access to BTC for Cardano’s users, projects, and developers, further strengthening Cardano.”
BitcoinOS claims to be the first platform to verify ZK proofs on Bitcoin in April. The Grail bridge also uses this security infrastructure to allow assets to flow more securely between blockchains.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/cardano-integrated-into-bitcoin-btc-network-1-3-trillion-liquidity-door-opened-for-ada/