Cardano founder Charles Hoskinson's proposal to integrate Bitcoin Cash criticized as self-destructive?
Cardano founder Charles Hoskinson initiated a poll on social media platform X on May 4th, asking the community for opinions on integrating Bitcoin Cash. Within the past two days, the survey has received over 13,000 votes, with supporters currently leading at a temporary 67.4% approval rate.
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
Table of Contents
Integrating Cardano with Bitcoin Cash?
Cardano founder Charles Hoskinson recently proposed through a vote feature X to explore the integration of Cardano with Bitcoin Cash:
Would you like to see Bitcoin Cash become a "Partnerchain" of Cardano, upgrading through useful Proof of Work Leios, non-interactive Proof of Work NiPoPoWs, and Ergo technology to become the fastest and most efficient PoW chain to date?
With approximately 13,000 votes so far, 67.5% of voters have supported this proposal, garnering nearly 9,200 votes.
In other words, the community generally supports the technical integration proposed by Hoskinson, but the specific form and operation of the partnership are still unclear.
Furthermore, if the main teams of both protocols reach an agreement on the technical aspects, consensus will still need to be reached among stakeholders and developers.
Support and Opposition
As a supporter of the proposal, Ben Scherrey, founder of the blockchain company Biggest Lab, expressed optimism here:
The shared model will be able to achieve high scalability and increase decentralization, with a natural synergistic effect between the two.
On the other hand, some community members have expressed opposition here, stating that Bitcoin Cash is fading away, and there is no reason for Cardano to be buried with it:
Imagine the future of Bitcoin Cash, ADA is seeking short.
It is reported that this vote is also related to Cardano's upcoming "Chang Hard Fork Voltaire," expected to occur in the second quarter of this year, introducing the concept of community governance to the blockchain.
The Often Underestimated Cardano
Despite being among the top ten public chains by market value, Cardano has faced criticism due to its limited product launches and lackluster coin performance.
Previously, Forbes research team and on-chain analyst Ignas both mentioned Cardano in a "crypto zombie" list:
Cardano's transactions are entirely based on the popularity of founder Charles Hoskinson.
Forbes names billion-dollar crypto zombies: XRP, XTZ, ALGO, ADA
Earlier this year, BitMEX founder Arthur Hayes also criticized Cardano for its lack of ecosystem and absence of noteworthy dApps:
What popular dApps have been launched through Cardano? None at all, that's the real reason ADA is crap.
BitMEX founder slams ADA as crap, tells Charles Hoskinson: Go buy some ETH
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