Hoskinson Reveals Cardanos Push to Integrate with Dogecoin, Chainlink, Bitcoin

Cardano founder Charles Hoskinson has revealed ongoing efforts to integrate with major blockchain ecosystems, including Dogecoin, Chainlink, and Bitcoin, that could expand Cardanos reach and use cases.

Speaking during a Friday interview with Gokhshtein Media, Hoskinson disclosed that discussions with Chainlink co-founder Sergey Nazarov are progressing, however, emphasizing that integration will take time due to technical challenges.

I spent last night with Sergey Nazarov from Chainlink and I asked, Hey, what about integrating Chainlink with Cardano? He said, Yeah, yeah, were working on it with you guys, but your stack is a bit unusual, so itll take some time, Hoskinson told David.

Chainlink is reportedly developing a more generalized Oracle solution tailored for UTXO-based DeFi applications rather than focusing solely on Cardano. The collaboration extends beyond Cardano, encompassing the broader UTXO-based ecosystem, which includes Bitcoin, Litecoin, and Dogecoin.

He also touched on the networks push into Bitcoin. Notably, Cardano has been advancing its integration with Bitcoin through BitcoinOS, a system enabling trustless BTC transfers via the BOS Grail Bridge. This initiative aims to tap into Bitcoins $1.7 trillion ecosystem, bridging its liquidity with Cardanos DeFi capabilities to enhance interoperability, scalability, and adoption. Cardanos Lace wallet also supports Bitcoin, providing seamless multichain asset management.

Hoskinson further hinted at potential collaborations with Dogecoin but emphasized that discussions are still in their infancy.

They seem open and willing but we need to determine what makes sense, he stated. While details remain scarce, integrating Dogecoin into Cardanos ecosystem could enhance liquidity and expand its use beyond simple transactions.

Dogecoin has been widely used for payments, tipping, and microtransactions due to its low fees and fast transaction times. Major companies like Tesla and Newegg accept it for purchases.

Another key topic in the interview was Bitcoins potential role in national strategic reserves. Hoskinson mentioned that U.S. lawmakers, including Senator Cynthia Lummis and former President Donald Trump, are reportedly exploring adding Bitcoin to the countrys reserve assets. However, he acknowledged that details remain uncertain.

There were also rumors that ADA might be included in such reserves. Hoskinson addressed these speculations, saying, I woke up to 150 messages saying, Congrats, bro ADA is up 70% and in the reserve. And I was like, Okay, well, thats awesomebut I didnt know about it.

Notably, Cardanos UTXO-based transactions finalize in 20 to 40 seconds. The base layer can process around 250 TPS, and scalability improvements like Hydra aim for 1 million TPS. As of Friday, the network had processed over 110 million transactions, with fees averaging less than 25 cents per transaction.

Thus, if integrated with other networks like Bitcoin or Dogecoin, Cardanos efficient UTXO model could enhance transaction throughput, reduce fees, and improve scalability for broader blockchain interoperability.

Text source: ZyCrypto

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