Bitcoin x Cardano
Some interesting news from the recent Cardano Summit in Dubai. BitcoinOS have succeeded in verifying the first ZK-Proof on Bitcoin, upgrading it to do everything that other blockchains can (albeit a little bit slower). And it did this** **without forking its code.
So this opens up a lot of interesting options and one of the first is that Cardano can become a smart contract layer for Bitcoin permitting permission-less transfer between the chains without a bridge or need for a trusted third party. This is a big deal and it has the potential to benefit both chains significantly.
Cardano is becoming a Bitcoin layer.
— BitcoinOS (@BTC_OS) October 24, 2024
Listen to BOS co-founder @EdanYago explain the magnitude of this moment.
"We are looking at an entirely new phase for Bitcoin, Cardano, crypto, and finance."
Still some work to do before this available but likely we will see it go live in Q4-2024 which is very positive news!
Details are available in the white paper.