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Home»TRADING NEWS»Charles Hoskinson proposes merging Cardano and Bitcoin Cash
TRADING NEWS

Charles Hoskinson proposes merging Cardano and Bitcoin Cash

By Crypto FlexsMay 5, 20242 Mins Read
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Charles Hoskinson proposes merging Cardano and Bitcoin Cash
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Cardano founder Charles Hoskinson proposed merging with Bitcoin Cash.

Announced via an X (formerly Twitter) poll, the proposal seeks public opinion on integrating Bitcoin Cash as a partner chain within the Cardano ecosystem.

Charles Hoskinson’s Bold Proposal: Merge Cardano and Bitcoin Cash

Hoskinson’s plan aims to leverage useful proof-of-work Leios, non-interactive proof-of-work (NiPoWs), and Ergo technologies to create what could potentially be the fastest and most efficient proof-of-work chain in existence.

Known for its scalability and lack of venture capital backing since its founding in 2017, Cardano is expected to significantly improve its capabilities through this integration. The proposed merger will improve functionality within the Bitcoin Cash network and push the boundaries of what decentralized finance (DeFi) protocols can achieve.

Hoskinson’s announcement was made on May 4, 2024, and has already generated considerable interest. Within a short period of time, the survey had over 12,500 participants. Preliminary results showed a strong trend toward approval, with 66.3% favoring consolidation. The final decision will be made public after six additional days of voting.

Bitcoin Cash, which began as a fork of Bitcoin, was initially championed by Roger Ver. It is designed to address some of Bitcoin’s limitations. Since then, it has played a pivotal role in advancing blockchain capabilities, especially in the DeFi sector.

Read More: Cardano (ADA) Price Prediction 2024/2025/2030

Many see this potential merger as a strategic move to improve blockchain interoperability. The community’s response to the poll will play a key role in determining the feasibility and timing of this integration.

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In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

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