Charles Hoskinson Proposes Cardano and Bitcoin Cash Merger
Charles Hoskinson, the founder of Cardano, has proposed a merger with Bitcoin Cash.
This proposal, announced through an X (formerly Twitter) poll, seeks public opinion on integrating Bitcoin Cash as a partner chain within the Cardano ecosystem.
Charles Hoskinson’s Bold Proposal: Merge Cardano With Bitcoin Cash
Hoskinson’s initiative aims to utilize the Useful Proof of Work Leios, Non-Interactive Proofs of Proof of Work (NiPoPoWs), and Ergo technology to create what could potentially be the fastest and most efficient Proof of Work chain in existence.
Cardano, known for its scalability and lack of venture capital backing since its inception in 2017, stands to enhance its capabilities significantly through this integration. The proposed merger would improve the functionalities within the Bitcoin Cash network and push the boundaries of what decentralized finance (DeFi) protocols can achieve.
Hoskinson’s announcement came on May 4, 2024, and has already generated considerable interest. Within a short span, the poll attracted over 12,500 participants. The preliminary results show a strong lean towards approval, with 66.3% favoring the integration. The final decision will be revealed after six days of further voting.
Bitcoin Cash, which originated as a fork from Bitcoin, was initially championed by Roger Ver. It was designed to address some of the limitations of Bitcoin. Since then, it has been a pivotal player in enhancing blockchain functionalities, particularly in the DeFi sector.
Read more: Cardano (ADA) Price Prediction 2024 / 2025 / 2030
This potential merger is viewed by many as a strategic move towards enhancing blockchain interoperability. The community’s response to the poll will play a crucial role in determining the feasibility and timing of this integration.
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