The post Charles Hoskinson discusses Cardano integration with Bitcoin appeared on BitcoinEthereumNews.com.

In a surprise ‘ask me anything’ (AMA) stream on YouTube on November 2, the Cardano (ADA) and Ethereum (ETH) co-founder Charles Hoskinson discussed the potentially ‘revolutionary’ prospect of integrating ADA with Bitcoin (BTC). After admitting that, for a long time, he was of the opinion that Bitcoin had stopped innovating following the Taproot upgrade in 2021, Hoskinson acknowledged that the team working on the world’s premier cryptocurrency had found a way to validate a zero-knowledge proof using BTC on the mainnet. I was in the group of people believing that Bitcoin had technologically stopped innovating. They got Taproot in and it looks like through some clever application of zero knowledge Tech and Taproot they are able to validate a zero knowledge proof using Bitcoin on the Bitcoin mainnet. The Cardano co-founder concluded that such developments make a trustless bridge connecting the chains possible and that this could lead to closer integration between the two ecosystems. If that’s the case, you hypothetically may be able to construct a trustless bridge between Bitcoin and another chain like Cardano that’s the case then you could construct hybrid applications where you could have a wallet with a dApp store which we’re building and add Bitcoin support to that. The vision for a Bitcoin-Cardano trustless bridge Specifically, Hoskinson speculated that it could be possible to build Cardano decentralized applications (dApps) on the token and have them accessible from the BTC side.  In effect, provided it proves possible to hide the resulting latency properly, it would enable users to engage with Cardano while having the experience of staying on Bitcoin. Charles Hoskinson believes that, if possible, such a bridge would be technologically ‘revolutionary’ while simultaneously benefiting ADA due to the $1.3 trillion held with BTC. The multi-millionaire described Bitcoin users who would use the integration to…

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Filed under: News - @ November 4, 2024 2:26 pm