Bitcoin interoperability is coming faster than you think.
Aeternity has announced that it will be the next blockchain to plug into Grail by BOS, creating cryptographically secure asset transfers between the Bitcoin and Aeternity blockchains for the first time.
Not only will this unlock access to Bitcoin’s $1.5 trillion ocean of liquidity, but it will also bring Bitcoin asset interoperability to Aeternity’s network of hyperchains. The entire world of blockchain innovation is becoming interconnected, and Bitcoin will be at the center of it.
Bitcoin As The Base For Interoperability
Interoperability refers to how well different blockchain networks can communicate with one another. When blockchains are truly interoperable, it means they can interact with one another without intermediaries, maintaining the ethos of decentralization that Bitcoin was built on.
Interoperability is critical for transferring assets between different chains so that users can take advantage of the apps and functionality of each. Bitcoin’s base asset, BTC, is the most valuable in crypto, yet the Bitcoin blockchain itself gives BTC holders very limited flexibility.
As such, interoperability with other ecosystems is paramount for unlocking more functionality for BTC holders, including scalability and DeFi. Thankfully, in July 2024, BOS unlocked the key to true Bitcoin interoperability by verifying a ZK proof on Bitcoin for the first time.
Soon, blockchains of all stripes will be able to use Grail – BOS’s zero-knowledge solution for moving assets between Bitcoin and other chains with cryptographic integrity. Aeternity will be one of the first chains to integrate this game-changing technology.
Aeternity: Built For Scale, Built For Bitcoin
Aeternity comes with innovative functionalities surpassing earlier blockchains like Bitcoin, including smart contracts and lightning-fast confirmation times. Furthermore, its use of state channels for off-chain smart contract execution and its use of FATE VM for lower gas costs even improve on Ethereum and other smart contract chains in terms of scalability.
Through its upcoming hyperchains consensus upgrade, Aeternity will soon allow anyone to permissionlessly launch their own Aeternity-style sidechains for either private or public use. With this, businesses will be able to leverage Aeternity’s technology to launch blockchains tailored to their needs.
Aeternity’s hyperchains will piggyback on Bitcoin’s unparalleled PoW consensus to create secure, tamper-proof random numbers for securing each hyperchain. Now, through BOS, hyperchains can also inherit part of Bitcoin’s massive capital base, opening the blockchain to an entirely new decentralized market.
Bitcoin: The Eternal BOS Of Blockchain
Aeternity’s choice to plug into Bitcoin via BOS once again proves the overwhelming demand among developers to re-integrate with the Bitcoin ecosystem – the largest and most popular in all of crypto.
Between Bitcoin’s insurmountable hash rate security and overwhelming network effects, it’s far more productive for other chains to join Bitcoin and complement it rather than compete with it in a separate, siloed ecosystem.
Between Sovryn, Cardano, Aeternity, and others—BOS is supercharging Bitcoin with new functionality from every corner of the crypto universe, with Aeternity presenting one of the most scalable and interoperable solution power-ups yet.
We proudly welcome Aeternity to the BOS family.
Check out BitcoinOS on X and YouTube for the latest Bitcoin Alpha, and join the Discord to get to know the community. Also be sure to see Aeternity’s website, and to follow the Aeternity Foundation on X.
To learn more about BOS’s amazing ZK technology, see the technical documents.
