In a major move towards blockchain innovation and interoperability, Cardano has announced a new partnership with BitcoinOS (BOS), a smart contract operating system for Bitcoin, the world’s first and largest cryptocurrency. The new alliance will be aimed at unlocking Bitcoin’s trillion dollar liquidity for ADA investors and creating new opportunities for cross-chain capabilities for Web3. 

Cardano Announces Partnership With BitcoinOS

In an official blog post on Thursday, October 24, EMURGO, the founding entity of the Cardano blockchain revealed that it will be working with the BitcoinOS to bridge Bitcoin’s massive liquidity, worth $1.3 trillion, into Cardano’s Decentralized Finance (DeFi) ecosystem. This means that Cardano users and ADA investors will be able to directly and securely use Bitcoin’s extensive capital base in Cardano’s DeFi applications.

Expressing optimism about the new collaboration, the founder and Chief Executive Officer (CEO) of EMURGO, Ken Kodama highlighted the importance of the alliance, emphasizing that BOS has the ability and potential to introduce fresh cross-chain capabilities that strengthen Cardano users, ADA investors, projects within the ecosystem, developers security, and trustless access to the Bitcoin ecosystem.

Moreover, Kodama disclosed that the partnership with BOS will further support a more accessible and interconnected Go to Source to See Full Article
Author: Scott Matherson