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Expansion within the Cardano blockchain has been in discussion for several months. In line with community expectations, EMURGO, the commercial arm of Input Output Global, partnered with BitcoinOS to launch a layer 1 network bridge.
Bridging Cardano and Bitcoin
As revealed in X, the Cardano and Bitcoin blockchains will be connected via the BitcoinOS Grail Bridge. As revealed, this move positions Cardano as the first company to facilitate connectivity with BOS infrastructure to increase Bitcoin's potential.
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Despite gaining recognition as the first blockchain protocol, Bitcoin has some limitations. One of the big problems is that smart contract functionality is limited. This somewhat negates the company's strong security outlook. As such, innovations have emerged to use smart contract resources from other platforms to power the functionality of the coin.
This BitcoinOS Grail to Cardano Bridge facilitates the flow of liquidity across both chains and provides users with the best proof-of-work (PoW) and proof-of-stake (PoS) services. In particular, the BitcoinOS protocol suggests that the new link could allow users to benefit from zero-knowledge cryptography that powers Grail Bridge.
By introducing elements of privacy and security, users of Grail Bridge do not incur significant trade-offs with the protocols they currently operate.
Impact on Cardano price
Cardano is a versatile protocol with clear momentum towards mass adoption. Previous peer-reviewed research has hinted at the possibility of a BTC-ADA staking model through the Babylon Protocol.
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If most of the innovations Cardano is driving come to fruition, it could help drive adoption and increased demand for ADA. This can have a huge impact on the coin's price in the long run, as more purchases by users who want to connect to BTC can increase its valuation.
At the time of writing, Cardano price was pegged at $0.3427, down 3.21% in 24 hours. The recorded losses are even greater. However, the coin is in recovery mode and could chart a positive growth course after the BitcoinOS update.
