- Cardano has officially integrated BitcoinOS (BOS), gaining access to Bitcoin’s $1.3 billion capital pool without intermediaries.
- EMURGO and BOS have collaborated to bring the scalability and programmability of Bitcoin to Cardano’s DeFi ecosystem, enhancing the network’s capabilities and providing new windows of opportunity for developers and users.
- The enhanced cross-chain capabilities will provide secure Bitcoin access to Cardano users, supporting a more interconnected Web3 environment.
Cardano (ADA) has become the first layer 1 blockchain to integrate BitcoinOS (BOS), allowing it to tap Bitcoin’s vast US$1.3 billion (AU$1.97 billion) capital pool without intermediaries third party.
The collaboration, led by EMURGO – Cardano’s Web3 development arm – and BOS, brings the scalability and programmability of Bitcoin to Cardano’s decentralized finance (DeFi) ecosystem.
The news comes days after CNA initially reported on the collaboration.
Related: Despite ‘Trump Trade’ Jitters, Analysts Say On-Chain Metrics Are Bullish for Bitcoin, Likely Providing a ‘Market Tailwind’
Bitcoin educational project relaunched
Charles Hoskinson, co-founder of Cardano, has announced that he will relaunch the Bitcoin education project in 2025, now that BitcoinOS has been integrated into Cardano. He added that the development “will eclipse anything Solana and Ethereum have done.”
Coming back to the partnership, a key aspect is the integration of the BOS Grail Bridge into the Cardano framework.
This bridge, built on BOS’s BitSNARK verification protocol, uses zero-knowledge technology to enable secure, trustless BTC transfers to Cardano. With this setup, DeFi applications on Cardano, like Fluid Tokens, can now integrate BTC functionality, expanding the windows of opportunity for users.
EMURGO CEO Ken Kodama noted that the partnership will enhance Cardano’s cross-chain capabilities and provide its ecosystem with secure access to Bitcoin.
This collaboration with BitcoinOS has the potential to unlock new cross-chain capabilities and further strengthen Cardano by granting Cardano users, projects and developers secure, trustless access to the Bitcoin ecosystem. Supporting a more open and interconnected Web3 environment across different blockchains helps drive innovation and adoption of DeFi and other decentralized solutions.
Ken Kodama, CEO of EMURGO ADA Price Outlook
Even after this news, the price of ADA is still hesitant to move. Data shows ADA continued to face price challenges, trading below US$0.34 (AU$0.52) after losing more than 16% over the past month, despite occasional signs of recovery (but nothing ever happens).
Related: Cardano founder Charles Hoskinson calls Ethereum leadership a dictatorship
Overall, the Cardano ecosystem has been very busy lately, pushing out new updates and developments and making headlines with new partnerships. Yet ADA has only managed to rise 14% year to date.
