Thus, Hoskinson emphasizes this project is not simply a bridge — it is a “brain” that aims to propel Bitcoin into the world of DeFi, GameFi and smart contracts, areas previously out of reach for the major cryptocurrency.
While many see potential in this integration, others have raised questions about whether it aligns with Bitcoin’s principles of security and decentralization. In return, Hoskinson said that connecting Bitcoin with other ledgers does not affect its own network, as the innovation lets it interact with Cardano’s features without changing the way blockchain works.
Only through Cardano, notes the entrepreneur, can Bitcoin operate natively with the UTXO model while even allowing for transaction fees to be paid in BTC. This linkup introduces Bitcoin to a smart contract layer on Cardano, expanding its utility and potential without altering its core network.
This new development fits perfectly with Cardano’s vision of mass adoption and innovation, outlined by Hoskinson previously, and at the same time may provide a smooth way to expand Bitcoin’s utility.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
