In a recent development, Cardano founder Charles Hoskinson has suggested the possibility of teaming up with Bitcoin Cash (BCH) to enhance the performance of both cryptocurrencies. Hoskinson conducted a poll on X, seeking feedback from the community on the idea of leveraging technologies such as proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology to improve the capabilities of Bitcoin Cash. According to him, these upgrades could position BCH as the fastest and most useful proof of work chain in the market.
The poll initiated by Hoskinson garnered significant attention, with over 11,800 votes cast within a short period. A majority of 66% of the voters expressed support for the potential partnership between Bitcoin Cash and Cardano. This positive response highlights the enthusiasm within the crypto community for collaboration and innovation in the space.
Prior to conducting the poll, Hoskinson engaged with the Bitcoin Cash community to gain insights into the development roadmap and near-term priorities of the network. This proactive approach demonstrates his interest in understanding the dynamics of BCH and exploring potential synergies between Cardano and Bitcoin Cash.
The discussion around a partnership with Bitcoin Cash comes in the context of a recent altercation between Charles Hoskinson and Michael Saylor, a prominent Bitcoin maximalist. Saylor suggested that altcoins like Cardano, Solana, Ripple, and BNB could be classified as unregistered securities by the SEC, casting doubt on their legitimacy. Hoskinson, in response, defended Cardano’s ability to navigate regulatory challenges and emphasized the value proposition of the project.
Bitcoin Cash emerged in 2017 following a contentious debate within the Bitcoin community regarding scalability issues. While Bitcoin is often viewed as digital gold with a focus on security and decentralization, Bitcoin Cash proponents position the cryptocurrency as digital cash optimized for payments. This distinct vision sets Bitcoin Cash apart and underscores its potential to serve as an efficient medium of exchange.
Charles Hoskinson’s exploration of a potential partnership with Bitcoin Cash reflects a broader trend in the crypto industry towards collaboration and innovation. By leveraging complementary technologies and fostering dialogue between different blockchain projects, the community can collectively enhance the capabilities and utility of cryptocurrencies.
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