- EMURGO partners with BitcoinOS to integrate the BOS Grail bridge with Cardano, enhancing BTC liquidity for DeFi users.
- This collaboration leverages BOS’s ZK-based BitSNARK protocol, enabling secure, trustless bridging of Bitcoin assets into the Cardano ecosystem.
EMURGO, the organization supporting Web3 adoption through the Cardano blockchain, has announced a technical collaboration with BitcoinOS (BOS), the smart contract operating system for Bitcoin. This partnership aims to channel Bitcoin’s vast capital, valued at $1.3 trillion, towards decentralized finance (DeFi) users on the Cardano network, without the need for intermediaries.
The initial technical collaboration between the two parties involves integrating BOS’s Grail bridge with Cardano’s open-source blockchain ecosystem. This innovation will allow the trustless bridging of BTC and other Bitcoin assets using BOS’s BitSNARK verification protocol based on zero-knowledge (ZK) cryptography, thus introducing unprecedented liquidity into Cardano’s system.
✨ EMURGO teams up with @BTC_OS, the smart contract operating system for Bitcoin, to enable cross-chain interoperability between Cardano and Bitcoin.
This tech collaboration makes #Cardano the first Layer-1 blockchain to leverage BitcoinOS' zero-knowledge cryptography and… pic.twitter.com/jV4uHwea4G
— EMURGO (@emurgo_io) October 24, 2024
Ken Kodama, founder and CEO of EMURGO, expressed his enthusiasm for this partnership, highlighting its potential to unlock new cross-chain capabilities and strengthen Cardano by providing its users, projects, and developers with secure, trustless access to the Bitcoin ecosystem.
Kodama emphasized that supporting a more open and interconnected Web3 environment across different blockchains is for driving innovation and the adoption of DeFi and other decentralized solutions.
Edan Yago, CEO and Co-founder of BitcoinOS, also commented on reaching this milestone, noting:
“We are thrilled to bring near-trustless BTC into one of the most distributed blockchains in the industry. BOS has consistently accelerated Bitcoin scaling through a comprehensive solution for dApps and L2s using the guarantees of zero-knowledge cryptography.”
He continued:
“We have changed what is fundamentally possible with Bitcoin, and now we are also driving exponential growth to other ecosystems. Working with EMURGO to unlock the full potential of the Cardano ecosystem is a major testament to what BOS can do for the industry, beyond just Bitcoin.”
Cardano is an open-source, decentralized blockchain platform, the first to be founded on peer-reviewed research and developed through scientific, evidence-based methods. The Cardano blockchain has processed nearly 100 million transactions using an environmentally friendly and secure proof-of-stake protocol. It hosts over 1,370 Web3 projects, including those for DeFi, currently building applications on its platform as of October 2024.
This breakthrough from BOS in the use of ZK proofs allows developers to embed data from other blockchains directly into Bitcoin transactions. Earlier this year, BitcoinOS verified the first ZK proof on Bitcoin at block 853626, demonstrating that it is now possible to build rollups on Bitcoin.
EMURGO is a blockchain technology company and a founding entity of the Cardano blockchain that provides products and services to drive the adoption of Cardano’s Web3 ecosystem.
Originally established in Japan, EMURGO exists to facilitate the commercial growth of the Cardano ecosystem and unlock the full potential of the ecosystem through partnerships, investments, education, and infrastructure development.
