U.Today – Talks about expansion within the blockchain have been going on for several months. As expected by the community, EMURGO, the commercial arm of Input Output Global, has partnered with BitcoinOS to launch a bridge for Layer 1 networks.
Cardano Bridge i
As discovered on X, the Cardano and Bitcoin blockchains will now connect via the BitcoinOS Grail Bridge. As revealed, the move makes Cardano the first company to power connections to BOS infrastructure to expand Bitcoin’s potential.
Despite gaining recognition as the first blockchain protocol, Bitcoin has some limitations. One of the main ones is its restricted astute contract functionality, which has done little to negate its mighty security prospects. As a result, innovations have emerged to expand the coin’s capabilities by leveraging astute contract resources from other platforms.
This BitcoinOS Grail to Cardano Bridge will drive liquidity flow on both chains, providing users with the best Proof-of-Work (PoW) and Proof-of-Stake (PoS) offers. Notably, the BitcoinOS protocol suggested that with the fresh connection, users would be able to take advantage of the zero-knowledge cryptography powering the Grail Bridge.
By introducing an element of privacy and security, users using Grail Bridge have no major compromises to the protocols they are currently running on.
Impact on Cardano price
Cardano is a versatile protocol with a noticeable push for mass adoption. Previous peer-reviewed research has hinted at a possible BTC-ADA staking model via the Babylon protocol.
Once most of the innovations Cardano is pushing for come to fruition, they could drive drug adoption and drive demand for ADA. This could have a huge impact on the price of the coin in the long run as more purchases from users looking to connect to BTC could impact the valuation.
At the time of writing, Cardano price is pegged at $0.3427, down 3.21% in 24 hours. The recorded losses are even greater. However, the coin is in recovery mode and may post a positive growth rate following the BitcoinOS update.
