Recently, Charles Hoskinson of Cardano showed surprise as a developer introduced a new way to connect Bitcoin and Cardano. This smart contract, designed by developer elraulito, lets Bitcoin wallets directly use Cardano's features, including managing ADA, handling tokens, and staking without needing a new wallet.
How the New Smart Contract Works
The smart contract uses various tools and protocols. Aiken, a tool for Cardano development, helped write the contract, and CIP69, a proposal to make addresses more flexible, was also crucial. Multivalidators oversee transactions and withdrawals, while Mesh SDK handles transactions off the main blockchain.
Plutus V3 and its Features
Plutus V3 is the latest update to Cardano's smart contract platform. It adds new features that improve how it works with other blockchains, reducing the size of the contract and speeding up its execution. This was important for building the new smart contract that connects Bitcoin and Cardano.
Community Reaction to the Innovation
Hoskinson reacted with a GIF on the X platform, where a man is dramatically removing his glasses.
Developer elraulito's new solution provides Bitcoin users with the ability to integrate Cardano features, opening up new opportunities for cryptocurrency wallet users and creating conditions for deeper integration of various blockchains.
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