Cardano leverages BitcoinOS to integrate Bitcoin liquidity into its DeFi ecosystem

Bitget App

Trade smarter

Cointime2024/10/24 12:57

By:Cointime

On October 24th, it was reported by Cointelegraph that Cardano will release over 1.3 trillion dollars of Bitcoin liquidity to its DeFi ecosystem through a new integration with the Bitcoin smart contract platform, BitcoinOS (BOS). The purpose of this integration is to enable Cardano users to securely access Bitcoin without intermediaries, thereby promoting improvements in cross-chain functionality and the expansion of DeFi. ZK cryptography will play a crucial role in this collaboration by providing a trustless way for BOS to integrate BTC assets onto Cardano through verified, third-party-free transactions. The BOS Grail Bridge is a key integrated component that provides a trustless connection supported by BOS's ZK BitSNARK verification protocol.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: The Senate Banking Committee held a hearing on allegations that banks unfairly denied services to crypto firms and individuals based on political affiliations – The American debanking. Anchorage Digital CEO and legal experts testified on widespread debanking, with concerns over regulatory overreach and a potential “Operation Chokepoint 3.0.” Sen. Tim Scott and Sen. Elizabeth Warren criticized debanking, with Scott calling it “un-American” and Warren citing nearly 12,000 related com

Cryptopolitan•2025/02/05 19:55

MicroStrategy rebrands to Strategy reflecting its Bitcoin focus

Share link:

Cryptopolitan•2025/02/05 19:55

Musk wants suit over Tesla’s use of AI-generated ‘Blade Runner’ imagery dropped

Share link:In this post: Musk’s attorneys have said that both Musk and Tesla will move to dismiss “all claims” for relief with prejudice. The plaintiff in the suit, Alcon Entertainment, intends to oppose the motion. Tesla is set to launch unsupervised Full Self-Driving as a paid service in Austin in June.

Cryptopolitan•2025/02/05 19:55