- Cardano founder Charles Hoskinson provided updates on potential partnerships with Ripple, plans to rekindle Chainlink integration, and efforts to build a secure Bitcoin-Cardano bridge, emphasizing collaboration and robust security measures.
- These initiatives aim to enhance cross-chain functionality and position Cardano as a leader in blockchain innovation.
Cardano founder Charles Hoskinson recently hosted a two-hour livestream to outline exciting developments in partnerships and integrations for the blockchain. Speaking from Gillette, Wyoming, Hoskinson provided updates on Cardano’s plans to collaborate with Ripple, integrate Chainlink, and bridge Bitcoin into its ecosystem. These initiatives highlight Cardano’s focus on fostering cross-chain innovation and enhancing blockchain security.
Ripple and Cardano: A Promising Collaboration
Hoskinson shed light on Cardano’s budding partnership with Ripple, emphasizing the potential synergy between Ripple’s infrastructure and Cardano’s privacy-focused sidechain, Midnight.
“We’d like to include Ripple in the Midnight ecosystem,” Hoskinson explained, highlighting ongoing technical discussions with Ripple’s CTO, David Schwartz. The collaboration could leverage Cardano’s smart contract language, Marlowe, which Hoskinson believes could greatly benefit Ripple developers.
While the partnership is in its early stages, the technical groundwork is being laid. Hoskinson stressed that such agreements take time, noting that “integration work and other tasks” follow the initial technical conversations.
Chainlink Integration: A Missed Connection to Be Rekindled
Chainlink’s oracle services, essential for bringing real-world data onto the blockchain, were initially slated for integration with Cardano back in 2021. However, the project stalled despite early enthusiasm from both teams.
Hoskinson admitted, “For a long time, I thought they had integrated on the chain.” He now aims to revisit the collaboration, reaffirming the importance of oracles and mentioning alternatives like Charlie3 and Flare.
There is no animosity between Cardano and Chainlink, with Hoskinson emphasizing the “friendly ecosystem” and his plans to resume discussions.
Bridging Bitcoin: A Secure Path Forward
One of the most technically ambitious plans involves creating a trustless bridge between Bitcoin and Cardano. Hoskinson highlighted the inherent risks of cross-chain protocols, referencing numerous high-profile hacks.
“Anytime assets move from one blockchain to another, that is a point of attack,” he stated, underscoring the necessity of rigorous security measures. The goal is to unveil a secure BTC-ADA bridge by May 2025 during the Bitcoin 2025 conference.
Cardano’s approach emphasizes formal methods and cryptographic proofs to ensure security. “If we build something and a year down the road there’s a billion dollars worth of Bitcoin in it and it gets hacked, that’s a catastrophe,” Hoskinson warned.
These updates reinforce Cardano’s commitment to building a robust and collaborative blockchain ecosystem. By fostering partnerships and prioritizing security, Cardano is positioning itself as a leader in the rapidly evolving world of blockchain technology.
