Cardano Founder Eyes Strategic Integration With Bitcoin and XRP Ledger

Cardano founder Charles Hoskinson has outlined an ambitious vision to bridge Cardano's ecosystem with Bitcoin and the XRP Ledger (XRPL), aiming to create synergies

In an interview with eToro analyst Sam North, Charles Hoskinson, the founder of Cardano, spoke about his vision to integrate the Cardano ecosystem with Bitcoin and the XRP Ledger (XRPL).

The goal is to create synergies that could elevate Cardano’s Total Value Locked (TVL) to new heights.

Highlighting the strengths and weaknesses of the XRPL, Hoskinson recognized that while the Ripple ecosystem is well-capitalized, the technical limitations of the XRPL have posed challenges.

Despite having a good community and significant capitalization, the lack of smart contract capabilities or the ability to do "anything useful" has hindered the XRPL from attracting more developers, he explained.

To address this shortcoming, he proposed adding a computational layer to the ledger. This addition would open up possibilities for introducing smart contracts and facilitating real-world asset (RWA) integration, ultimately making the ledger more appealing to developers and expanding its capabilities.

Furthermore, Hoskinson mentioned plans to integrate both XRP and Bitcoin into Midnight, Cardano’s privacy-focused blockchain, which is still under development.

This integration would aim to bring mutual benefits to all three ecosystems by connecting them in a meaningful way.

Highlighting the potential impact of these integrations, Hoskinson stated that they could significantly boost Cardano’s TVL. He envisions this integration initiative could help Cardano’s TVL to massively increase.

Pointing out that Ethereum and Solana currently have the highest TVLs, he anticipates that Cardano’s TVL could surpass the combined value locked on these two protocols by up to four times.

This integration initiative is part of a broader strategy by Cardano to position itself at the intersection of interoperability and innovation in the crypto sector.

As the industry continues to evolve, the ability to connect different blockchains and leverage existing strengths will be crucial for protocols to thrive in the long term.

By targeting technical gaps in Bitcoin and XRPL while creating on-chain utility, Cardano is setting itself up for optimal growth and aiming to capitalize on the strengths of other protocols to enhance its own ecosystem.