As a researcher with a background in blockchain technology and experience in following the developments within the cryptocurrency space, I find the potential integration of Bitcoin Cash and Cardano intriguing. The early majority’s strong “yes” vote in Charles Hoskinson’s hypothetical poll on this matter indicates a significant interest from the crypto community.
Charles Hoskinson, the founder of Cardano, posed a hypothetical question to the cryptocurrency community on the X social media platform, inquiring about their level of interest in a potential integration between Cardano and Bitcoin Cash.
As an analyst, I’ve examined the initial data from the recent poll. In just 24 hours, the poll garnered over 12,000 votes. Among these votes, approximately two-thirds (66.3%) expressed a favorable “yes” response to the proposal.
“Would you like to see Bitcoin Cash become a Cardano Partnerchain upgraded with Useful Proof of Work Leios, NiPoPoWs, and Ergo tech, thus being the fastest and most useful proof of work chain ever built?”
Previously identified as speculative by Hoskinson, his social media poll can serve as a guiding force for decisions, similar to how Elon Musk has utilized Twitter since acquiring it.
Ben Scherrey, the founder and CTO of Biggest Lab, a blockchain company, expressed his support for the collaboration between the two chains in a post, expressing his belief that there has always been a strong compatibility between the two due to their common use of the UTXO (Unspent Transaction Output) model, which ensures both high scalability and decentralization.
The concept of connecting Bitcoin Cash and Cardano has gained approval from the community, but the specifics of how this collaboration would come about and operate remain unclear.
As a technology analyst, I’ve noticed that Hoskinson referred to the proposed upgrades as “partnerchain” in relation to Bitcoin Cash. This termination suggests that some sort of interoperability or connection between the two blockchains is necessary for them to function together. In simpler terms, it seems Bitcoin Cash would need to be linked or synchronized in a specific way with the upgraded version for them to work in harmony.
If both development teams reach a technical agreement on their collaboration, it’s essential that all relevant parties and developers align in their perspective.
As a researcher, I’ve been following Charles Hoskinson’s updates on social media with great interest. Exciting times lie ahead for Cardano community members as we gear up for two significant upgrades in the year to come. According to recent reports from CryptoMoon, the first upgrade, known as “Chang” hardfork, is scheduled for the second quarter of 2024. Additionally, we are looking forward to implementing a new proof-of-stake model called “Ouroboros Leios.”
As an analyst, I’d rephrase it this way: In response to crypto influencer Ben “Bitboy” Armister’s April 7 video where he declared Cardano as “dead,” Hoskinson praised the upcoming upgrades.
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2024-05-05 21:53