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EMURGO – the blockchain project advancing Web3 adoption on the Cardano blockchain – announced a strategic collaboration with BitcoinOS , a smart contract operating system built for Bitcoin.
The latest move aims to provide Cardano DeFi users with access to Bitcoin’s capital, valued at $1.3 trillion, without relying on third-party intermediaries.between EMURGO and BitcoinOS involves incorporating the BOS Grail bridge into Cardano’s open-source blockchain framework. It uses BOS’s BitSNARK verification protocol, which leverages zero-knowledge technology, to enable the secure and trustless transfer of Bitcoin and associated assets into Cardano.
With this development, Cardano becomes the first Layer-1 blockchain to utilize BOS’s scalability and programmability for Bitcoin, allowing DeFi dApps, like Fluid Tokens, to incorporate trustless BTC functionality for their users.“This collaboration with BitcoinOS has the potential to unlock new cross-chain capabilities and further strengthen Cardano by granting Cardano users, projects, and developers secure, trustless access to the Bitcoin ecosystem.
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