Cardano founder, Charles Hoskinson, shared a unique proposal for a potential partnership with Bitcoin Cash, sparking intrigue within both cryptocurrency communities. Hoskinson emphasized potential mutual benefits from this collaboration, such as improved interoperability and shared technology developments.
To gage the reaction to this suggestion, Hoskinson conducted an online poll. The concept attracted considerable attention, with over 12,000 votes cast in the first day. Initial results showed strong support for the idea, with 66.3% of participants expressing approval for it.
Hoskinson suggested that Bitcoin Cash could significantly enhance its proof of work chain by implementing elements such as Leios, NiPoPoWs, and Ergo technology. These features, coupled with a strategic partnership with Cardano, could contribute to creating a faster and more efficient digital currency.
Ben Scherrey, the founder and Chief Technology Officer of Biggest Lab, echoed this sentiment. He suggested that the mutual UTXO model used by both chains could facilitate beneficial synergy.
However, a number of questions arose concerning the practical application of the partnership.
Exploring Cardano’s proposed Bitcoin Cash collaboration
Many are curious to see if Bitcoin Cash will be able to incorporate cross-chaining to implement the proposed changes. Additionally, how the partnership would function on a daily basis is yet to be clarified. Consistent communication and transparency from both parties will be vital to the partnership’s success.
The challenge for the development teams would be reconciling their technical differences to reach a common agreement. Smooth collaboration will be essential to tackle potential roadblocks during the integration process. Promoting open dialogue and ensuring that all stakeholders feel valued will be vital to the project’s success.
This proposal coincides with Cardano’s scheduled major updates for 2024. These include the much-anticipated “Chang” hard fork.
