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Charles Hoskinson of Cardano Contemplates Collaboration with Bitcoin Cash

May 06, 2024
2 Min Reads

Charles Hoskinson, the inventor of Cardano, has alluded to a collaboration with Bitcoin Cash (BCH).

Hoskinson asked users in a poll on X on May 4th, what they felt about Cardano (ADA) and Bitcoin Cash collaborating to improve Cardano's performance through the use of Ergo, non-interactive proofs of proof-of-work (NIPoPoW), and proof of useful work (PoUW) technologies.

Such improvements, according to Hoskinson, might make BCH "the fastest and most useful" proof of work chain available.

There are still six days left in the survey, and as of press time, more than 11,800 votes had been cast. A little over 66% of voters support the realization of the Bitcoin Cash and Cardano collaboration.

Hoskinson asked the Bitcoin Cash community on X a day before he posted the poll to seek for updates on what was happening with BCH's development and to identify some of the network's short-term goals.

Following a confrontation with Michael Saylor, the chairman of MicroStrategy and a Bitcoin (BTC) maximalist, Hoskinson has shown interest in BCH in public.

Saylor's statement that the Securities and Exchange Commission (SEC) will classify cryptocurrencies such as Cardano, Solana (SOL), Ripple (XRP), and BNB as unregistered securities in the summer caused a rift in opinion.

After the SEC approved spot Bitcoin ETFs in January, Saylor also allegedly stated that Wall Street will never adopt these altcoins in the same way that it has accepted Bitcoin.

Hoskinson retaliated against Saylor on X, demonstrating that Cardano is capable of handling any situation that arises. The inventor of Cardano said cynically that those who support Bitcoin maximalism often despise alternative cryptocurrencies, viewing them as all "illegal and a scam."

After a protracted and occasionally contentious debate on how to expand the blockchain within the Bitcoin community, Bitcoin Cash was created in 2017.

Members in the Bitcoin community highlight the cryptocurrency's security and decentralization and refer to it as "digital gold." They are less concerned about the restrictions and perhaps hefty costs associated with utilizing Bitcoin for payments.

Supporters of Bitcoin Cash, on the other hand, see their project primarily as digital currency. They think BCH can successfully compete in the payments market without sacrificing its essential characteristics or values.

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