Cardano founder Charles Hoskinson has revealed ongoing efforts to combine with main blockchain ecosystems, together with Dogecoin, Chainlink, and Bitcoin, that might broaden Cardano’s attain and use circumstances.
Talking throughout a Friday interview with Gokhshtein Media, Hoskinson disclosed that discussions with Chainlink co-founder Sergey Nazarov are progressing, nonetheless, emphasizing that integration will take time due to technical challenges.
“I spent final evening with Sergey Nazarov from Chainlink… and I requested, ‘Hey, what about integrating Chainlink with Cardano?’ He mentioned, ‘Yeah, yeah, we’re engaged on it with you guys, however your stack is a bit uncommon, so it’ll take a while,’” Hoskinson informed David.
Chainlink is reportedly growing a extra generalized Oracle answer tailor-made for UTXO-based DeFi functions reasonably than focusing solely on Cardano. The collaboration extends past Cardano, encompassing the broader UTXO-based ecosystem, which incorporates Bitcoin, Litecoin, and Dogecoin.
He additionally touched on the network’s push into Bitcoin. Notably, Cardano has been advancing its integration with Bitcoin by BitcoinOS, a system enabling trustless BTC transfers through the BOS Grail Bridge. This initiative goals to faucet into Bitcoin’s $1.7 trillion ecosystem, bridging its liquidity with Cardano’s DeFi capabilities to improve interoperability, scalability, and adoption. Cardano’s Lace pockets additionally helps Bitcoin, offering seamless multichain asset administration.
Hoskinson additional hinted at potential collaborations with Dogecoin however emphasised that discussions are nonetheless of their infancy.
“They appear open and prepared… however we want to decide what is sensible,” he acknowledged. Whereas particulars stay scarce, integrating Dogecoin into Cardano’s ecosystem may improve liquidity and broaden its use past easy transactions.
Dogecoin has been broadly used for funds, tipping, and microtransactions due to its low charges and quick transaction occasions. Main firms like Tesla and Newegg settle for it for purchases.
One other key matter within the interview was Bitcoin’s potential position in nationwide strategic reserves. Hoskinson talked about that U.S. lawmakers, together with Senator Cynthia Lummis and former President Donald Trump, are reportedly exploring including Bitcoin to the nation’s reserve belongings. Nonetheless, he acknowledged that particulars stay unsure.
There have been additionally rumors that ADA is perhaps included in such reserves. Hoskinson addressed these speculations, saying, “I awoke to 150 messages saying, ‘Congrats, bro ADA is up 70% and within the reserve.’ And I used to be like, ‘Okay, effectively, that’s superior—however I didn’t find out about it.”
Notably, Cardano’s UTXO-based transactions finalize in 20 to 40 seconds. The bottom layer can course of round 250 TPS, and scalability enhancements like Hydra goal for 1 million TPS. As of Friday, the community had processed over 110 million transactions, with charges averaging lower than 25 cents per transaction.
Thus, if built-in with different networks like Bitcoin or Dogecoin, Cardano’s environment friendly UTXO mannequin may improve transaction throughput, cut back charges, and enhance scalability for broader blockchain interoperability.