Cardano Founder Considers Partnership With Bitcoin Cash – What Is It About?

Cardano’s
(ADA)
founder,


Charles
Hoskinson,
recently
raised
the
possibility
of
Cardano
partnering
with


Bitcoin
Cash.
He
noted
how
significant
this
partnership
could
be
for
Bitcoin
Cash
as
it
would
put
it
ahead
of
networks
like
Bitcoin. 

What
Cardano’s
Potential
Partnership
With
Bitcoin
Cash
Is
About

Hoskinson
conducted
a
“hypothetical
poll”
on
his
X
(formerly
Twitter)


platform,
asking
his
followers
if
they
would
like
to
see
Bitcoin
Cash
become
a
Cardano
“partnerchain.”
He
noted
that
this
partnership
would
upgrade
Bitcoin
Cash
with
“Useful


Proof
of
Work

Leios,
NiPoPoWs,
and
Ergo
tech.”

Hoskinson
further
claimed
that
the
partnership
would
make
Bitcoin
Cash
the
“fastest
and
most
useful


proof
of
work
chain

(PoW)
ever
built.”
At
the
time
of
writing,
over
13,000
people
have
voted
on
the
poll,
with
67.7%
voting
in
favor
of
the
partnership.
Ben
Scherrey,
founder
and
CTO
of
blockchain
firm
Biggest
Lab,
also
supports
the
move,
noting
how
both
chains
share
similarities. 

He
stated
in
an


X
post

that
he
“always
thought
there
was
some
natural
synergy
between
the
two
chains
given
the
shared
UTXO
model
that
allows
for
high
scalability
and
decentralization.”
Meanwhile,
it
is
worth
noting
that


Bitcoin
Cash

is
already
known
to
have
an
edge
over
Bitcoin
as
it
is
faster,
cheaper,
and
more
scalable. 

Therefore,
Hoskinson’s
claim
that
Bitcoin
Cash
will
become
the
fastest
and
most
useful
PoW
may
be
valid.
Upgrading
Bitcoin
Cash
with
PoW
Leios
and
Ergo
tech
means
the
network
can
process
transactions
faster
and
have
a
more
efficient
smart
contract
functionality.
However,
the
concept
of
making
Bitcoin
Cash
a


Cardano

“partnerchain”
is
still
unclear,
considering
that
they
operate
different


consensus
mechanisms. 

Cardano
Also
Set
To
Undergo
Two
Major
Upgrade

Cardano
is
also
set
to
experience
two
significant
upgrades.
One
is
the


Chang
hard
fork,
which
the
network
plans
to
carry
out
this
quarter.
This
will
promote
decentralized
governance
on
the
blockchain
as
Cardano
shifts
to
a
community-driven
governance
model.
Given
the


criticism

that
Hoskinson
has
prevented
the
network
from
progressing,
this
could
change
the
outlook
of
the
network. 

Specifically,
Tom
Dunleavy,
Partner
and
Chief
Investment
Officer
(CIO)
at
MV
Capital,
once
called


Hoskinson

a
“megalomaniac”
who
is
“unwilling
to
change
or
adapt
to
the
ecosystem.”
Therefore,
with
the
community
having
more
control,
there
could
be
changes
in
the
network
that
could
help
it
adapt
to
the
ecosystem. 

The
second
upgrade
is
the
introduction
of
the


Ouroboros
Leios

protocol,
which
will
also
take
place
this
year.
This
upgrade
is
expected
to
enhance
Cardano’s
scalability
and
efficiency.
Hoskinson
noted
that
this
development
is
a
big
step
towards
solving
the


blockchain
trilemma

of
security,
scalability,
and
decentralization. 

ADA price slips toward $0.45 | Source: ADAUSDT on Tradingview.com

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