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Cardano Ecosystem

DeFi-Planet

05/06/2024

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Cardano Founder Suggests Integration with Bitcoin Cash In “Hypothetical” Social Media Poll

Cardano founder Charles Hoskinson recently conducted a "hypothetical poll" on the X (formely Twitter), sparking discussions about a potential integration between Cardano and Bitcoin Cash.

Cardano Founder Suggests Integration with Bitcoin Cash In “Hypothetical” Social Media Poll

Cardano founder Charles Hoskinson recently conducted a “hypothetical poll” on the X (formely Twitter), sparking discussions about a potential integration between Cardano and Bitcoin Cash. 

In the poll, Hoskinson asked, “Would you like to see Bitcoin Cash become a Cardano Partnerchain upgraded with Useful Proof of Work Leios, NiPoPoWs, and Ergo tech, thus being the fastest and most useful proof of work chain ever built?” 

The poll, which received over 12,000 votes within 24 hours, has about 68.3% of the votes in favour of the proposal.

Ben Scherrey, founder and chief technology officer of blockchain firm Biggest Lab, expressed support for the integration, citing the shared UTXO model between the two chains as a potential synergy point that allows for high scalability and decentralisation.

Despite the community’s apparent enthusiasm, the technical implementation of a partnership between Bitcoin Cash and Cardano remains unclear. Hoskinson’s use of the term “partnerchain” suggests that Bitcoin Cash would need to be bridged or cross-chained to operate with the proposed upgrades.

While Hoskinson described his poll as hypothetical, recent events, such as Elon Musk’s utilisation of the X platform for decision-making following his acquisition, suggest that such polls could potentially influence future actions.

In another development, Hoskinson’s discourse on social media coincides with Cardano’s preparations for two significant upgrades in 2024: the Chang” hard fork scheduled for the second quarter and a new proof-of-stake model called “Ouroboros Leios.”

Hoskinson addressed criticism of Cardano’s development progress in response to crypto influencer Ben “Bitboy” Armstrong’s video, where Armstrong referred to Cardano as dead.” 

Hoskinson countered by highlighting the forthcoming upgrades, indicating a vibrant future for the project.

“The problem with our industry is that we let short-term narratives and carnival barkers dominate the conversation. AI has the same issue,”

he noted

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ORIGINAL SOURCE

https://defi-planet.com/2024/05/cardano-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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