Blockchain transaction data from sources like Etherscan for Ethereum and Cardano Explorer for Cardano

Cardano Joins Bitcoin Ecosystem with BitcoinOS Grail Bridge, First Layer-1 to Tap BTC Liquidity

Oct 25, 2024, 07:49 AM

Cardano has officially joined Bitcoin's ecosystem through the BitcoinOS Grail bridge, making it the first layer-1 blockchain to do so. This integration will allow Cardano to tap into Bitcoin's massive liquidity, bridging the gap between Bitcoin and decentralized finance (DeFi). EMURGO, a key player in the Cardano ecosystem, is preparing to attract Bitcoin liquidity with the launch of the Grail bridge by BitcoinOS. BTC_OS said its Grail bridge was going live for the Cardano network, opening the floodgates for capital from Bitcoin flowing into the latter’s ecosystem. This new bridge will enable secure asset transfers between Bitcoin and Cardano, utilizing zero-knowledge proofs to enhance security.