PANews reported on October 24 that according to Cointelegraph, Cardano will release more than $1.3 trillion of Bitcoin liquidity for its DeFi ecosystem through a new integration with the Bitcoin smart contract platform BitcoinOS (BOS). The purpose of this integration is to enable Cardano users to securely access Bitcoin without intermediaries, thereby promoting the improvement of cross-chain functions and the expansion of DeFi.
ZK cryptography will play a key role in this collaboration, providing a trustless method for BOS to integrate BTC assets onto Cardano through verified transactions that do not involve a third party. The BOS Grail bridge is a key integration component that provides a trustless connection powered by BOS’s ZK BitSNARK verification protocol.
