- Cardano founder Charles Hoskinson disclosed ongoing integration efforts with Chainlink, Bitcoin and Dogecoin to enhance the ninth-largest blockchain’s interoperability and utility.
- Despite Cardano’s “unusual stack” using Haskell programming language, Chainlink’s Sergey Nazarov confirmed integration work is in progress.
- Cardano is working on Bitcoin integration through BitcoinOS and BOS Grail Bridge to access Bitcoin’s liquidity, while its Lace wallet now supports Bitcoin for multichain asset management.
- Though ADA price remains down 78% from its all-time high, community sentiment remains overwhelmingly positive with 89% of traders bullish.
Charles Hoskinson, Cardano founder and CEO of Input Output, the company behind the ninth-largest blockchain, has revealed efforts of an integration with other altcoins. Speaking during an interview with Gokhshtein Media he said they are eyeing an integration with Chainlink, Bitcoin and Dogecoin.
Hoskinson also revealed that he spent some time with Chainlink’s Sergey Nazarov who said that integration was in the works despite some difficulty.
I asked, ‘Hey, what about integrating Chainlink with Cardano?’ He said, ‘Yeah, yeah, we’re working on it with you guys, but your stack is a bit unusual’. The Chainlink integration with Cardano is inevitable. It just takes some time.
Charles Hoskinson, Cardano founderCardano uses Haskell, a functional programming language known for its high degree of fault tolerance and formal verification capabilities.
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Haskell is less commonly used in blockchain development compared to languages like Solidity for Ethereum, which makes the development pool smaller but more specialised.
Conversations Ongoing, Says Hoskinson
Hoskinson hinted at a collaboration with Chainlink back in February, stating that they were having “conversations”, and that it’s not a “financial problem”, adding that they needed to put the “work in”.
Hoskinson also discussed Chainlink’s development of a generalised Oracle solution for UTXO-based DeFi applications, with the aim to serve not just Cardano but also other networks like Bitcoin, Litecoin and Dogecoin.
He said Cardano is working to integrate with Bitcoin through the BitcoinOS and BOS Grail Bridge, enhancing interoperability and tapping into Bitcoin’s vast liquidity.
Additionally, Cardano’s Lace wallet now supports Bitcoin, furthering multichain asset management. Hoskinson also mentioned early-stage talks with Dogecoin about potential integration to boost liquidity and utility within Cardano’s ecosystem.
ADA Price Down with Broader Market Sell-Off
The ADA price didn’t immediately react to the news and is down 1.3% over the past 24 hours. At the time of writing ADA trades hands for US$0.65 (AU$1.03) which is 78% down from the all-time high made in September 2021 when the coin sold for US$3.10 (approximately AU$4.92).
Despite the downtrend, the community still has a positive outlook on ADA; according to data from CoinMarketCap, 89% remain bullish, with 950k traders casting their votes.
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And the downtrend is not ADA-specific, as most cryptocurrencies are in the red, as global macroeconomic uncertainties around trade wars continue.
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