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Home News

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

6 May 2024
in News
Reading Time: 3 mins read
105 4
Cardano Founder Suggests Integration with Bitcoin Cash In “Hypothetical” Social Media Poll

Source: Coin Desk

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

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: BitcoinCashCardano
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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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