‘It’s a Brain’: Cardano Creator Explains Major Bitcoin Innovation

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As a seasoned crypto investor with over two decades of experience under my belt, I can’t help but feel excited about the recent partnership between EMURGO and BitcoinOS, dubbed as the BitcoinOS Grail Bridge. Charles Hoskinson, the visionary behind Cardano (ADA), has always had a knack for thinking outside the box, and this project seems to be no exception.

Charles Hoskinson, the figure behind Cardano (ADA), recently talked about a significant new partnership between EMURGO and BitcoinOS. As reported yesterday by U.Today, the two entities are working together on something called the BitcoinOS Grail Bridge.

As a crypto investor, I can affirm that Hoskinson highlights this project isn’t just a connection; rather, it functions as a “brain” designed to drive Bitcoin into the realms of DeFi, GameFi, and smart contracts – territories where the prominent cryptocurrency has yet to venture.

Some people view the integration positively, yet others express concerns about whether this matches with Bitcoin’s values of security and decentralization. However, Hoskinson pointed out that integrating Bitcoin with other databases does not impact its own network, as the advancement allows it to collaborate with Cardano’s capabilities without disrupting how blockchain functions fundamentally.

Keep in mind that @BTC_OS isn’t a passageway, it’s more like a thought-processing unit. This thinking machine is paving the way for Bitcoin to enter the realm of cryptocurrencies, allowing users to bid farewell to their mundane existences and embrace Decentralized Finance (DeFi), Gaming Finance (GameFi), and the enchantment of Smart Contracts.

First destination, Cardano.

— Charles Hoskinson (@IOHK_Charles) October 25, 2024

According to the entrepreneur, Bitcoin can natively work with the UTXO model through Cardano, and it’s possible to pay transaction fees using Bitcoin itself. This connection establishes a smart contract layer for Bitcoin on Cardano, enhancing its functionalities and possibilities without modifying its fundamental network.

Cardano + Bitcoin = ?

Grail Bridge could potentially unite the strengths of two systems by merging Bitcoin’s Proof-of-Work (PoW) system with Cardano’s Proof-of-Stake (PoS) structure. This integration also employs zero-knowledge encryption to fortify security and privacy, allowing users to utilize cross-chain features without altering their existing protocols.

This recent advancement aligns seamlessly with Cardano’s earlier stated goals of widespread use and technological innovation as envisioned by Hoskinson, while also potentially offering an effortless means to broaden Bitcoin’s functionalities.

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2024-10-25 13:17