Bitcoin Cash to Become Cardano Sidechain With Proof of Work Leios, NiPoPoWs, and Ergo
- Charles Hoskinson explores integrating Bitcoin Cash with Cardano technologies including Proof of Work Leios, NiPoPoWs, and Ergo.
- Potential partnership could create the fastest and most efficient proof of work network.
In a recent CNF update and subsequent posts on social media platforms like X (formerly Twitter), Charles Hoskinson, the founder of Cardano and CEO of IOHK, has openly criticized the Bitcoin community for its hostility while praising the more welcoming nature of the Bitcoin Cash community.
This background sets the stage for his latest intriguing proposal: a potential merger between Bitcoin Cash and Cardano. Hoskinson shared a hypothetical poll, sparking discussions about turning Bitcoin Cash into a “Cardano Partnerchain” with enhanced capabilities, leveraging new blockchain technologies such as Useful Proof of Work Leios, NiPoPoWs, and Ergo.For more details and if you wish to participate in the discussion, see Hoskinson’s tweet here.
Hypothetical Poll:
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?
— Charles Hoskinson (@IOHK_Charles) May 4, 2024
Exploring Technological Synergy
Responding to the proposed integration, Ben Scherrey, founder and CTO of Blockchain firm Biggest Lab, has emphasized the “natural synergy” between Bitcoin Cash and Cardano. He highlighted the shared UTXO model that both blockchains could leverage, suggesting improvements in scalability and decentralized governance.
However, while the concept has garnered support within the community, the precise nature and mechanics of such an integration are yet to be clearly defined. The term “joint chain” suggests a complex technological blend requiring significant development work on cross-chain functionality.
Strategic Developments Ahead
As Cardano prepares for pivotal updates including the Chang hard fork and the introduction of a new proof-of-stake protocol, Ouroboros Leios, in 2024, consensus among stakeholders and developers becomes increasingly crucial. The integration talks come at a strategic moment, pointing to substantial future developments within the Cardano ecosystem.
Market responses are cautious; as of the latest, Cardano (ADA) trades at $0.4598, reflecting a slight weekly decrease of 0.40% but a marginal daily increase of 0.01%. The price movements and the potential impact of the integration are displayed in the chart below.
This ongoing dialogue between the Bitcoin Cash and Cardano communities, guided by Hoskinson’s vision, suggests a transformative future for both networks, potentially culminating in the creation of the fastest and most robust proof of work blockchain ever devised.
Recommended for you:
Read More: Bitcoin Cash to Become Cardano Sidechain With Proof of Work Leios, NiPoPoWs, and Ergo
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
