- Cardano’s founder is mulling a potential partnership with Bitcoin Cash.
- Hoskinson conducted a poll to gauge the community’s interest.
- The community’s response was interesting.
Cardano Founder Charles Hoskinson is big on collaboration. The crypto pundit often extends invitations to some of the biggest projects in the industry, including Algorand, Solana, and, ironically, Ripple. In his latest outreach, he calls upon the Bitcoin Cash community, urging them to vote on whether they’d be interested in partnering up.
Hoskinson Reaches Out to Partner Up
On May 4, Charles Hoskinson posted a ‘hypothetical poll’ on X, probing interest in a potential integration between Cardano and Bitcoin Cash.
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Hoskinson asked whether the community would like Bitcoin Cash to evolve into the fastest and most useful proof-of-work chain ever built. With such bold phrasing, the post quickly made rounds on social media. At press time, the poll had garnered over 13,000 votes, with 67.3% of respondents expressing enthusiasm for the hypothetical proposition.
Many notable figures in the crypto sphere echoed this sentiment, with Ben Scherrey, founder and CTO of blockchain firm Biggest Lab, highlighting the natural synergy between the two chains, citing their shared UTXO model enabling high scalability and decentralization.
The community is all for a partnership between the two protocols, but how will it happen?
Will Bitcoin Cash and Cardano Partner Up?
The specifics of the partnership remain ambiguous, stemming from the fundamental differences between the two protocols. Nonetheless, Hoskinson proposes a concept where Bitcoin Cash could function as a partner chain, potentially establishing a cross-chain bridge or utilizing Cardano as an underlying asset settlement layer while leveraging Bitcoin Cash as a service layer.
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Hoskinson has previously delved into Cardano’s pursuit of interoperability, with initiatives like the Minotaur paper and the realization of the Cardano Settlement Layer (CASL) serving as key components.
Given that there is no animosity between the communities of both protocols, a rare occurrence, the idea holds promise for materialization pending agreement among developers and stakeholders.
On the Flipside
- Charles Hoskinson proposed a partnership with Algorand to become a partner chain. However, he faced ridicule from its executives and the community.
- Known for his bold statements, Charles Hoskinson claimed that Cardano would become the largest and fastest project in the summer of 2023. The protocol has yet to substantiate this assertion.
Why This Matters
In the frantic race for crypto protocols to enhance their infrastructures, interoperability often gets overshadowed. However, with Cardano’s potential partnership with Bitcoin Cash on the horizon, the stage is set for a groundbreaking move that could reshape how projects connect and collaborate.
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