Back to main

Hoskinson proposes an idea to integrate Cardano (ADA) with the Bitcoin Cash (BCH) network 

Table of Contents

Hoskinson proposes an idea to integrate Cardano (ADA) with the Bitcoin Cash (BCH) network  2

Charles Hoskinson invited people to give their vote for his proposed idea of collaboration between Cardano & Bitcoin Cash. 

Cardano is a highly scalable blockchain network that is mainly known for its ability to handle transactions with better stability, over other crypto networks. Charles Hoskinson, the co-founder of the Ethereum blockchain, founded & launched Cardano blockchain in 2017. The best thing about this crypto network is that it’s not backed by any Venture Capital firm. 

On 4 May 2024, Charles Hoskinson invited people to give their votes to support his proposal to make Bitcoin Cash (BCH) network partner chain on the Cardano blockchain. 

He also confirmed that integration will include several new upgraded features inclined to Proof-of-work (PoW) related technology. 

At the time of writing this article, 66% of people are in support of this proposed idea but it will be interesting to see the poll results after 6 days when more people will come to show their reaction to this proposed idea. 

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

Over the last few weeks, the trade price of ADA coin plunged rapidly, which surely degraded the confidence of ADA investors badly. 

Bitcoin Cash (BCH) 

Bitcoin Cash is a forked chain from the Bitcoin (BTC) blockchain network. Origin of the Bitcoin Cash network was fully initiated by early Bitcoin investor Roger Ver. 

Ver aimed to solve all the challenges associated with the Bitcoin network with the help of innovative development works on the Bitcoin Cash network. Even he has a plan to introduce support for Defi protocols on the Bitcoin Cash blockchain network.

Recently the US Department of Justice (Doj) announced Ver was arrested in Spain. He now faces extradition proceedings, so that the US income tax department can investigate the whole matter. According to legal experts, If he is found guilty, he would face a prison sentence of anything from two months to 30 years.

Read also: Dogecoin pumps 20%, reportedly Tesla planning to adopt Doge payment for new products 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read on Bitcoinik Investment Disclaimer