Cardano Enables Bitcoin Transactions To Be Signed By ADA
Through BitcoinOS, Cardano (ADA) will soon facilitate the signing of Bitcoin (BTC) transactions while allowing users to utilize its currency, ADA, for transaction fees. This innovation represents a significant advancement that has not been accomplished previously.
The Devil Is In The Details
Much like a vehicle requires fuel to operate, blockchain transactions necessitate a fee for processing. This fee compensates the computational work needed to ensure smooth operation. By enabling users to cover these fees with ADA while engaging with Bitcoin, Cardano simplifies interactions between the two cryptocurrencies.
This process hinges on a unique technology known as BitcoinOS. For the first time, a ZK-proof, which is a sophisticated method for securely verifying transactions, has been successfully implemented on the Bitcoin Mainnet. This development allows for rapid and secure transaction processing without altering existing Bitcoin protocols, also referred to as a soft fork.
Opening Up New Avenues
The initial integration with BitcoinOS involves Cardano and features the BitcoinOS Grail Bridge. This bridge will open up new avenues for decentralized applications (dApps) on the Bitcoin network, enabling developers to create advanced functionalities and enhance overall usability for Bitcoin in a practical sense.
Cardano is a blockchain platform designed for building decentralized applications and smart contracts. It aims to provide a secure and scalable environment for developers, using a unique proof-of-stake consensus mechanism called Ouroboros. Founded by Charles Hoskinson, one of the co-founders of Ethereum (ETH(, Cardano emphasizes academic research and peer-reviewed development to ensure its reliability and innovation.
Top News
21 months ago
21 months ago
21 months ago
21 months ago
21 months ago
21 months ago
21 months ago
21 months ago
21 months ago
22 months ago
22 months ago
22 months ago
22 months ago
22 months ago
22 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.