Cardano’s Charles Hoskinson Considers Strategic Alliance with Bitcoin Cash

Charles Hoskinson, the visionary founder of Cardano, has recently signaled potential collaboration with Bitcoin Cash (BCH), aiming to augment blockchain functionality and efficiency. On May 4, Hoskinson initiated a discussion on X, formerly known as Twitter, with a poll that gauged public interest in Cardano (ADA) partnering with Bitcoin Cash. This strategic alliance would leverage advanced technologies such as Proof of Useful Work (PoUW), Non-Interactive Proofs of Proof-of-Work (NIPoPoW), and Ergo’s solutions.

Hoskinson believes that these technological integrations could position BCH as the preeminent proof-of-work blockchain in terms of speed and utility. At the time of reporting, the poll remains active with six days left, and it has already attracted over 11,800 responses, with 66% in favor of this innovative partnership.

In the backdrop of this development, Hoskinson’s engagement with the BCH community intensified. A day prior to posting the poll, he sought insights into the current developments and short-term objectives of the Bitcoin Cash network, indicating a deepening interest in a collaborative effort.

This move by Hoskinson follows a public disagreement with Michael Saylor, chairman of MicroStrategy and a staunch Bitcoin advocate. The contention arose after Saylor’s remarks categorizing several altcoins, including Cardano, as potential unregistered securities, which might face scrutiny by the Securities and Exchange Commission (SEC) later this year. Furthermore, Saylor expressed skepticism about the acceptance of these altcoins by Wall Street compared to Bitcoin, which gained a boost from the SEC’s approval of spot Bitcoin ETFs in January.

Responding to Saylor’s criticisms, Hoskinson defended the resilience and legitimacy of Cardano, subtly critiquing the dismissive stance of Bitcoin maximalists towards other cryptocurrencies.

Bitcoin Cash itself was born from a significant ideological and technical schism within the Bitcoin community in 2017, centered around the debate on scaling the blockchain. While Bitcoin proponents view it as “digital gold,” emphasizing its security and decentralized nature, Bitcoin Cash advocates champion its utility in transactions, envisioning it as “digital cash” capable of maintaining essential attributes without sacrificing transactional efficiency.

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