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Crypto vs. Dollar

📌 Cardano’s founder is considering a partnership with Bitcoin Cash – what’s it all about?

Hoskinson also claimed that the partnership would make Bitcoin Cash the fastest and most useful proof-of-work (PoW) blockchain ever created. At the time of writing, more than 13,000 people have voted, of which 67.7% voted in favor of the partnership. Ben Shelley, founder and CTO of blockchain company Biggest Lab, also voted in favor of the move, noting the similarities between the two chains. Bitcoin

– Hoskinson also claimed that the partnership would make Bitcoin Cash “the fastest and most useful proof-of-work (PoW) blockchain ever created”. At the time of writing, more than 13,000 people have voted, of which 67.7% voted in favor of the partnership. Ben Shelley, founder and CTO of blockchain company Biggest Lab, also voted in favor of the move, noting the similarities between the two chains.

In a post on Site X, he stated that he “always believed there was a natural synergy between the two blockchains given UTXO’s shared model of high scalability and decentralization.” On the other hand, it is worth noting that Bitcoin Cash is known to have an advantage over Bitcoin as it is faster, cheaper and more scalable.

Therefore, Hoskinson’s assertion that Bitcoin Cash will become the fastest and most useful PoW may be well-founded: modernizing Bitcoin Cash with Leios and Ergo PoW technologies will allow the network to process transactions faster and provide a more efficient and effective PoW, better smart contract functionality. However, the concept of Bitcoin Cash becoming Cardano’s “partner chain” is still unclear, given that they utilize different consensus mechanisms.

Cardano is also awaiting two major updates. One is the Chang hard fork, which the network plans to conduct this quarter. It will promote decentralized blockchain governance, and Cardano will move to a community-based governance model. Given the criticism that Hoskinson is hindering the network’s growth, this could change the outlook.

In particular, Tom Dunleavy, partner and chief investment officer at MV Capital, once called Hoskinson a “megalomaniac” who “doesn’t want to change and adapt to the ecosystem.” Thus, as the community gains more control, changes may occur in the network to adapt to the ecosystem.

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