Charles Hoskinson, the founder of Cardano, recently sparked speculation about a potential partnership with Bitcoin Cash (BCH). He conducted a poll to gauge public opinion on the idea of Cardano teaming up with Bitcoin Cash to enhance its performance through innovative technologies such as proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo technology. Hoskinson believes that implementing these upgrades could position Bitcoin Cash as the fastest and most useful proof of work chain in the market.
The poll conducted by Hoskinson received significant attention, with over 11,800 votes within a short period. A majority of 66% of the voters expressed their support for the potential partnership between Bitcoin Cash and Cardano. This positive response indicates a strong interest in exploring collaborative opportunities between the two projects.
Engagement with Bitcoin Cash Community
Prior to initiating the poll, Charles Hoskinson engaged with the Bitcoin Cash community to gather insights on the development progress and near-term priorities of the network. This proactive approach demonstrates his willingness to connect with different cryptocurrency communities and explore potential synergies for mutual benefit.
Hoskinson’s public interest in Bitcoin Cash comes in the wake of a disagreement with Michael Saylor, a prominent figure in the Bitcoin community. Saylor’s remarks about certain altcoins being classified as unregistered securities by the SEC triggered a response from Hoskinson, who defended Cardano’s capabilities and resilience. He emphasized that Cardano is well-equipped to navigate regulatory challenges and dismissed the notion that all altcoins are illegitimate.
The emergence of Bitcoin Cash in 2017 stemmed from a contentious debate within the Bitcoin community regarding blockchain scalability. While Bitcoin is commonly referred to as “digital gold” with an emphasis on security and decentralization, Bitcoin Cash supporters view their project as a form of digital cash. They prioritize efficient payments without compromising the core values and principles of the network.
Charles Hoskinson’s openness to exploring a potential partnership with Bitcoin Cash reflects a commitment to innovation and collaboration within the cryptocurrency space. By engaging with different communities and addressing criticisms with confidence, he exemplifies a proactive approach to advancing the capabilities of Cardano and fostering cross-project collaborations for mutual growth and success.
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