Charles Hoskinson Surprised by Bitcoin-Cardano Bridge
- Bitcoin developer create a seamless bridge between Bitcoin and Cardano apps.
- Smart contract on Plutus V3 allow Bitcoin wallets to interact with the Cardano ecosystem.
- Charles Hoskinson expresses surprise at the innovative cross-chain solution.
In a groundbreaking development, a Bitcoin developer known as Elraulito has unveiled a seamless bridge connecting Bitcoin and Cardano applications. This solution, built on Plutus V3, enables Bitcoin wallet holders to interact directly with the Cardano ecosystem, marking a significant leap in blockchain interoperability.
The smart contract at the heart of this breakthrough leverages a sophisticated combination of tools and protocols. Utilizing aiken, a Cardano-specific smart contract language, and incorporating CIP69 for enhanced address programmability, the contract achieves a level of cross-chain functionality previously unseen.
A multivalidator system facilitates transactions, delegations, and reward withdrawals, while MeshJS handles off-chain transactions, providing one of the few implementations compatible with the latest Plutus V3 framework.
This technological marvel opens up a world of possibilities for Bitcoin users, allowing them to send ADA, manage tokens, and participate in Cardano staking pools without the need for a separate wallet.
The implications of this development extend beyond mere convenience, potentially revolutionizing user onboarding and cross-chain interactions across the broader blockchain landscape.
Cardano community expressed excitement
Community response to the announcement has been a mix of excitement and curiosity, with users eager to understand the intricacies of this new bridge.
The developer clarified that Bitcoin users can now sign Cardano actions directly from their existing wallets, with Cardano nodes executing these actions upon signature verification.
This streamlined process facilitates novel interactions such as airdrops and liquid staking, all without the need for users to switch between different wallet interfaces.
The validation process underpinning this bridge adds an additional layer of security to cross-chain operations. By meticulously checking the UTXO, receiver, amount, and asset details against predefined outputs, the smart contract ensures that all transactions adhere to strict rules, safeguarding the integrity of both networks.
Read more: https://thenewscrypto.com/charles-hoskinson-surprised-by-bitcoin-cardano-bridge/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
