Cardano Moves Forward with Governance, Ripple, Chainlink and Bridge to Bitcoin

• Decentralized governance advances with CIP-1694 on Cardano.
• Partnerships with Ripple and Chainlink are under negotiation.
• BTC–ADA Bridge Aims for High Security by 2025

Cardano founder Charles Hoskinson provided details on strategic partnerships, technological innovation and advancements in blockchain governance during a livestream on Dec. 26. Highlights included collaborations with Ripple and Chainlink, as well as robust Bitcoin integration.

I want to remind everyone that the governance workstream was kicked off during the Age of Voltaire conference at the University of Edinburgh in late 2022. This workstream resulted in CIP-1694 and the candidate constitution after two years of discussion, design, debate, and…

— Charles Hoskinson (@IOHK_Charles) December 27, 2024

Governance and Community: Workstream Update

Hoskinson referenced a recent tweet reinforcing the ongoing work on Cardano’s governance. He noted that the “governance workstream” was initiated during the conference. Age of Voltaire at the University of Edinburgh in 2022. The initiative resulted in CIP-1694 and the proposed constitution after two years of debate and community engagement. “This is an important step towards truly decentralized governance,” he said.

Ripple and Chainlink Integration

In the broadcast, Hoskinson revealed that technical discussions with Ripple, led by David Schwartz, the company’s CTO, are already underway. The proposal is to explore the integration of Ripple’s technology into the Midnight sidechain, which offers privacy-focused solutions. He mentioned that the Marlowe smart contract language could be useful for Ripple and open up new possibilities.

Regarding Chainlink, Hoskinson noted that while an integration was discussed in 2021, implementation did not move forward. However, he signaled interest in reopening negotiations, reinforcing the crucial role of oracles in the blockchain ecosystem.

Bridge between Cardano and Bitcoin

Hoskinson also detailed efforts to build a secure bridge between Bitcoin and Cardano. He highlighted the need for technical rigor and security, especially given vulnerabilities in the protocols. Cross-chain. “This is the most important integration project, and it cannot be rushed,” he emphasized, mentioning that the solution should be presented by the Bitcoin 2025 event.

Commitment to Community and Innovation

Closing the broadcast, Hoskinson highlighted the focus on community-led research and innovation. He highlighted the resilience of the Cardano ecosystem, reflecting the ongoing commitment to simplifying, optimizing, and expanding the blockchain’s functionality.

At the time of publication, the price of Cardano was quoted at US$0,882 with an increase of 1.8% in the last 24 hours.