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Cardano Unlocks $1.3 Trillion in Bitcoin Liquidity with BitcoinOS Bridge Integration

Cardano Unlocks $1.3 Trillion in Bitcoin Liquidity with BitcoinOS Bridge Integration

Bitget2024/10/24 13:00
BTC-0.18%ZKJ-0.33%ADA+0.57%

On October 24, Cardano unlocked more than $1.3 trillion in bitcoin liquidity for its DeFi ecosystem through a new integration with BitcoinOS (BOS), a bitcoin smart contract platform. The integration is designed to improve cross-chain functionality and DeFi scaling by giving Cardano users secure access to Bitcoin without an intermediary.ZK cryptography will play a key role in this partnership, providing a trust-less method by which BOS can integrate BTC assets onto Cardano through verified, third-party-neutral transactions. (Cointelegraph)

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.
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