Cardano leverages BitcoinOS to integrate Bitcoin liquidity into its DeFi ecosystem
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.
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