Cardano founder Charles Hoskinson can imagine an in-depth cooperation with Bitcoin Cash (BCH) and the ADA community is signaling its support. But is this kind of alliance realistic?
Charles Hoskinson, founder of Cardano (ADA), surprises with a push towards Bitcoin Cash (BCH). On X, Hoskinson has launched a poll on the question of whether his followers could imagine Bitcoin Cash as a partner network for Cardano. The interim results of this survey so far point towards approval. In fact, ADA’s price curve is lagging behind the overall market trends and Cardano could urgently use some positive news.
Charles Hoskinson has repeatedly and loudly discussed privileged partnerships between Cardano and other cryptocurrencies and projects, such as Solana (SOL) as a sidechain and Dogecoin (DOGE) in a similar role. Hoskinson has always been rebuffed. Bitcoin Cash has no official management level and a connection to the Cardano ecosystem would probably have to be prepared technologically via a so-called improvement proposal (CHIP) at BCH. The Bitcoin Cash Foundation has not yet commented on Hoskinson’s proposal.
Hoskinson, on the other hand, envisions that Bitcoin Cash will carry out technological upgrades for the merger and thus raise the controversial Proof-of-Work (PoW) protocol to an advanced level. ADA itself is based on a modified proof-of-stake (PoS) protocol. These differences alone show that the developers would have a lot of work ahead of them if a merger of Cardano and Bitcoin Cash were to be seriously pursued.
Observers therefore remain very skeptical about an alliance between ADA and BCH. Bitcoin Cash has been in the top 20 cryptocurrencies in terms of capitalization for some time and BCH has found its niche as an online payment method. Cardano, also a TOP 20 altcoin, sees its future as a multi-functional network, but is looking for a convincing use case for ADA. Hoskinson has not yet answered where synergy effects could arise with such different profiles.
Conclusion: Cardano and Bitcoin Cash – dream team or PR stunt by Hoskinson?
Hoskinson is forging ahead with Bitcoin Cash for Cardano and is receiving mixed reactions. However, the BCH community remains conspicuously silent – so Hoskinson’s idea could quickly disappear into oblivion again. Realists have recently identified the new Cardano association Pragma as a promising starting point for practice-oriented further development for ADA. Hoskinson, on the other hand, seems to be primarily playing an attention game, as he has so often done, and thus risks damaging the interests of Cardano investors.
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