U.Today – There has been talk of expansion within blockchain for several months. In line with community expectations, EMURGO, the trading arm of Input Output Global, has partnered with BitcoinOS to launch a bridge for the Layer 1 network.
Cardano Bridge and
As discovered on X, the Cardano and Bitcoin blockchains will now be connected via the BitcoinOS Grail Bridge. As revealed, this move positions Cardano as the first to push connections with the BOS infrastructure to advance Bitcoin's potential.
Despite gaining recognition as the first blockchain protocol, Bitcoin has some limitations. One of the main ones is the limited function of smart contracts, which has slightly negated their strong security prospects. As such, innovations have emerged to boost the coin's capabilities, utilizing smart contract resources from other platforms.
This Grail Bridge from BitcoinOS to Cardano will boost the flow of liquidity on both chains, providing users with the best proof-of-work (PoW) and proof-of-stake (PoS) offerings. Notably, the BitcoinOS protocol hinted that with the new connection, users could benefit from the zero-knowledge cryptography powering the Grail Bridge.
By introducing the element of privacy and security, users using the Grail Bridge do not have to make major concessions regarding the protocols they currently operate with.
Impact on Cardano Price
Cardano is a versatile protocol with visible momentum towards mass adoption. A previous peer-reviewed study hinted at a possible BTC-ADA staking model via the Babylon protocol.
When most of the innovations that Cardano is driving come to fruition, they can drive adoption and further demand for ADA. This can have a huge impact on the coin's price in the long term, as more purchases by users looking to connect to BTC can boost the valuation.
At the time of writing, Cardano price is set at $0.3427, down 3.21% in 24 hours. The losses recorded are greater than this. However, the coin is in recovery mode and could chart a positive growth course following the BitcoinOS update.
This article was originally published on U.Today.
