✨Cardano Founder Charles Hoskinson Proposes Merger with Bitcoin Cash🤑
Charles Hoskinson, the founder of Cardano, has made a bold proposal to merge Cardano with Bitcoin Cash. This groundbreaking initiative could lead to the creation of one of the fastest and most efficient Proof of Work blockchains to date.
Hoskinson's plan involves leveraging cutting-edge technologies like Useful Proof of Work Leios, Non-Interactive Proofs of Proof of Work (NiPoPoWs), and Ergo technology. The goal is to boost both scalability and efficiency, paving the way for a more robust decentralized finance (DeFi) ecosystem.
Cardano, a platform designed to be scalable and independent of venture capital, has been a significant player in the blockchain space since its launch in 2017. By merging with Bitcoin Cash, a prominent Bitcoin fork, Cardano aims to extend its capabilities and support broader blockchain interoperability. This merger could also bring significant upgrades to the Bitcoin Cash network, enhancing its appeal for DeFi applications.
Hoskinson's proposal, announced on May 4, 2024, has already gained considerable traction. A poll to gauge community sentiment attracted over 12,500 responses, with 66.3% favoring the merger. The final outcome will be revealed after six days of additional voting.
Bitcoin Cash, created in 2017 as a fork from Bitcoin, was designed to address Bitcoin's limitations, especially in terms of transaction speed and scalability. Since then, it has played a crucial role in promoting blockchain innovation and expanding DeFi opportunities.
If the community supports the merger, this could mark a significant step toward increased blockchain interoperability and collaboration. The final decision will depend on the poll's outcome and community feedback. This proposed merger is not just a merger of technologies but also a merger of visions—creating a more cohesive blockchain ecosystem.
