You can also read this news on BH NEWS: Cardano Connects with Bitcoin Network Today
In a notable development in the cryptocurrency sector, Cardano has successfully integrated with the Bitcoin ecosystem via the BitcoinOS Grail Bridge. This merger not only enhances the scalability of both leading blockchains but also paves the way for decentralized programmability across the network.
How does this integration work?
BitcoinOS has announced that the integration of Cardano into the Grail Bridge is now complete, marking Cardano as the major Layer 1 blockchain to join this infrastructure. This collaboration aims to provide Cardano with liquidity from the Bitcoin network, significantly improving its operational capabilities.
What are the potential impacts on ADA?
Dan Gambardello, a prominent figure in the field of has said that this integration could positively influence the of ADA. He pointed out that with Bitcoin prices showing signs of recovery, altcoins like ADA are likely to gain traction on the back of such critical advances. However, despite this important news , the price of ADA did not react favorably, posting a drop of more than in 24 hours, trading at nearly 0.34 :
The integration marks a historic link between Bitcoin and Cardano.
The collaboration with EMURGO aims to increase the liquidity of the Grail Bridge.
User security is enhanced through zero-knowledge proof in asset transfers.
Charles Hoskinson, the founder of Cardano, has expressed his support for the integration, signifying a welcome gesture towards Bitcoin.
Although the partnership improves connectivity, criticism of the slow development of the Cardano ecosystem persists among community members.