Hoskinson Says Bitcoin DeFi Under Cardano Blockchain Ecosystem Will Surpass ETH & Sol DeFi

Charles Hoskinson is now highly bullish on Bitcoin (BTC) integration within the Cardano blockchain ecosystem as Cardano partners with BitcoinOS.

Charles Hoskinson, the founder of Cardano blockchain and co-founder of Ethereum blockchain, left the Ethereum project in 2013 to develop a new blockchain model. After years of work, he launched the Cardano blockchain network in 2017. Hoskinson is known for focusing on practical applications and innovations to drive the adoption of Cardano, without merely following market trends.

On 24 Oct 2024, the Cardano blockchain integrated the BitcoinOS Grail Bridge, unlocking decentralised programmability and scalability for Bitcoin.

CARDANO COMES HOME TO BITCOIN IN GROUNDBREAKING BOS GRAIL BRIDGE INTEGRATION
Yes, you read that right!
Cardano, the 11th largest blockchain by market cap, is integrating the BitcoinOS Grail Bridge to unleash decentralized programmability and scalability on Bitcoin!#UTXBros✊ pic.twitter.com/DStCakeEEq
— BitcoinOS (@BTC_OS) October 24, 2024

This development now allows Bitcoin transactions on the Cardano blockchain network. To ensure the security of funds, the BitcoinOS team employs Zero-Knowledge Proofs (ZK-proofs).

ZK-proofs allow someone to prove they know specific information (like a solution to a mathematical problem) without revealing the information itself. In Bitcoin’s case, ZK-proofs verify transaction details or computations without exposing sensitive data, enhancing privacy and security.

By verifying ZK-proofs on the Bitcoin mainnet, BitcoinOS has demonstrated that Bitcoin transactions can be scaled with greater privacy and efficiency. This advancement enables Bitcoin to handle more transactions and complex functionalities without altering its core code (no soft fork needed), opening up new possibilities for applications and faster, more private transactions.

We have done it! For the first time ever a ZK-proof has been verified on Bitcoin Mainnet by BitcoinOS.
The final verification was confirmed in block 853626.
A historic moment and a historic block.
A new era has begun for Bitcoin enabling unlimited scaling and functionality -… pic.twitter.com/x8akim4SJh
— BitcoinOS (@BTC_OS) July 24, 2024

On 25 Oct 2024, Cardano founder Hoskinson expressed his excitement about the integration of Bitcoin into the Cardano ecosystem. He mentioned plans to re-launch a Bitcoin education project in 2025, which will also provide training for Bitcoin developers, helping them to create Cardano/Bitcoin DeFi applications.

In closing, Hoskinson predicted that Cardano with Bitcoin will “dwarf anything Solana and Ethereum have done.”

Now that Bitcoin's back in the family and innovating again, thanks to @BTC_OS, I will re-launch the Bitcoin Education Project in 2025 and produce a new edition of my course. We are also going to prepare Aiken education for Bitcoin developers, including hosting on…
— Charles Hoskinson (@IOHK_Charles) October 25, 2024