Cardano, the 11th largest blockchain by market cap, is integrating the BitcoinOS (BOS) Grail Bridge to unleash truly decentralized programmability and scalability on Bitcoin.
Yes, you read that right.
Cardano, the 11th largest blockchain by market cap, is integrating the BitcoinOS (BOS) Grail Bridge to unleash truly decentralized programmability and scalability on Bitcoin.
This makes Cardano the second major Layer 1 blockchain to plug into BOS infrastructure after Bitcoin, opening its established ecosystem of crypto features and applications to the seismic capital of the original blockchain.
Our combination is not just a technological marvel, but also a symbolic milestone, and a vindication of what the BOS family has always believed: the biggest names in crypto are coming home to Bitcoin.
The First Step Towards Reuniting Bitcoin And Crypto
The division between Bitcoin and crypto is the most glaring problem plaguing the digital asset ecosystem.
Bitcoin’s native asset, BTC, comprises 59% of the total value of the crypto market. Its market capitalization now surpasses $1.33 trillion, and it’s the overwhelming favorite digital asset investment among institutional clients.
On the other hand, the Bitcoin network only accounts for a tiny fraction of all crypto activity. Altcoin networks – which offer exponentially greater scalability and programmability than Bitcoin can – dwarf the original chain on metrics like daily transactions, developer activity, and venture capital interest.
Fundamentally, this rift represents money and its features. At BOS, we believe if this world were seamlessly brought together, they would greatly complement each other, and create a new digital ecosystem of value that’s greater than the sum of its parts.
Why Cardano Chose BOS
EMURGO, a founding entity of Cardano, will be developing using BOS to bring Bicoin’s ocean of liquidity to the Cardano network via the Grail bridge, which will allow for the trustless bridging of BTC and other Bitcoin assets with Cardano. It’s the first time an L1 chain aside from Bitcoin will allow its users to store and transfer BTC in a decentralized fashion.
Grail Bridge uses zero-knowledge cryptography to let Bitcoin users move their BTC to other chains without needing to trust custodians or intermediaries. BitcoinOS was the first to verify a ZK Proof on Bitcoin in July 2024, and was also the first to release open-source code showing that it’s possible.
Trustless bridging is the first, most crucial infrastructure for being able to transform every blockchain into a layer on top of Bitcoin, and to unite all of crypto. It gives Cardano users access to the Bitcoin ecosystem, gives BTC holders trustless access to Cardano’s superior scalability and application suite, and gives both networks enhanced interoperability.
Cardano has processed approximately 100 million transactions to date, and is currently home to more than 1370 Web3 projects that are actively building applications on the platform. Its native currency, ADA, is the 11th largest in the world by market capitalization, worth $12.5 billion.
Nothing Stops The BOS Train
First, it was Sovryn, the largest Bitcoin DeFi protocol. Then there was Merlin Chain and B² Network – major players within the nascent Bitcoin L2 ecosystem.
By integrating Cardano, BOS demonstrates that its role is not just to upgrade Bitcoin, but to upgrade all of crypto. We wish to allow the innovations of crypto builders to benefit investors in the first and most beloved cryptocurrency of all: Bitcoin. By collaborating with BOS, Cardano is positioning itself ahead of its fellow crypto rivals as the entire ecosystem enters its next act.
We proudly welcome Cardano to the BOS family.
