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Hoskinson Details RWA Integration with Cardano’s Midnight Upgrade

Bitcoin Market Cardano (ADA)

Nov, 27, 2024

< 1 min read

by Ikemefula Aruogu

for CoinEdition

Cardano Founder Says the Blockchain is Evolving Into a Multi-Chain Network

Charles Hoskinson says Cardano is evolving into a multi-chain protocol.
RWAs will integrate into Cardano via the upcoming Midnight upgrade.
Proposed RWA integration and other factors behind ADA’s recent rally.

Cardano founder Charles Hoskinson says the blockchain is evolving into a multi-chain, multi-actor network. The upcoming Midnight upgrade will enable Real World Assets (RWAs) by integrating private smart contracts on the Cardano network.

RWA and Cardano https://t.co/FWhhMyjcj4
— Charles Hoskinson (@IOHK_Charles) November 26, 2024

Cardano-Wrapped Bitcoin: A New Layer of Blockchain Integration

In a recent video, Hoskinson detailed plans to use Bitcoin as a control layer for Cardano’s smart contracts and assets. Under this scheme, users would send Bitcoin to Cardano, which would then generate Cardano-wrapped Bitcoin. This feature is currently under development and showcases Cardano’s push for deeper blockchain interoperability.

Hoskinson also highlighted Midnight’s role in managing KYC and AML requirements within Cardano’s private smart contract structure. This upgrade automates regulatory policies while maintaining transaction identity …

The post Hoskinson Details RWA Integration with Cardano’s Midnight Upgrade appeared first on Coin Edition.

Read the article at CoinEdition