Charles Hoskinson Proposes Cardano and Bitcoin Cash Merger

Charles Hoskinson Proposes Merging Cardano With Bitcoin Cash



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.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Panther AI
Panther AI
Charles Hoskinson Proposes Merging Cardano With Bitcoin Cash
Unlocking DeFi Potential: Role of Finality Bridge in Bitcoin’s Future
Autonomous Agents and their Growing Role in Fostering a Better DeFi Economy
Bitflow brings AI-powered DeFi to Stacks with Automated DCA for Bitcoin and Runes
CrossFi successfully passes AML audit by CityLinkers
Industry Experts Weigh in on Inherent Risks of Restaking Protocols
MEXC to Introduce APT Launchpool with 31,500 APT Rewards
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Hashdex files with SEC to add XRP, ADA, SOL, and other coins to its Crypto Index ETF
The Kingdom's digital transformation showcased at Smart Data & AI Summit
Crypto Outflows Surge to $1.7 Billion as Bitcoin Bears the Brunt of Withdrawals
Standard Chartered drops 2025 ETH price estimate by 60% to $4K
Bitcoin Miner Bitfarms Completes Acquisition of Stronghold Digital Mining
Hashdex files with SEC to add XRP, ADA, SOL, and other coins to its Crypto Index ETF
The Kingdom's digital transformation showcased at Smart Data & AI Summit
Crypto Outflows Surge to $1.7 Billion as Bitcoin Bears the Brunt of Withdrawals
Standard Chartered drops 2025 ETH price estimate by 60% to $4K
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
cardano
dogecoin
tron
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
cardano
dogecoin
tron