Cardano founder Charles Hoskinson proposes integrating BCH: it will become the fastest PoW chain

This site (120btC.coM): Charles Hoskinson, the co-founder of Ethereum, launched Cardano in 2017. It focuses on being more scalable, cheaper in transaction fees, and faster than Ethereum. Cardano was once called the "Ethereum Killer", but Cardano seems to have faded out of people's discussion recently, and was even named one of the blockchain zombie companies by Forbes.

Cardano integrates with Bitcoin Cash?

I wonder if in order to revive morale, Charles Hoskinson launched a poll on the 4th, sparking discussion again. He asked: Do you want to see Bitcoin Cash become a Cardano partner chain, through useful work? Proof of Work Leios, NiPoPoW and Ergo technology will be upgraded to become the fastest and most useful Proof of Work chain in history?

Charles Hoskinson did not explain why he had this idea. The poll will close in 6 days. Nearly 11,000 people have voted so far, with 65.7% voting in favor and 34.3% voting against. .

Cardano is designed as a two-layer chain model, divided into settlement layer (CSL) and computing layer (CCL). Charles Hoskinson shared the new architecture of the Partner Chain in 2023. The original settlement layer was adjusted to the Asset and Settlement Layer (CASL), which is still responsible for the final settlement task; and the original computing layer was adjusted to the Service Layer (CSL). ), different projects can build their own computing layers through the partner chain architecture in the future.

To put it simply, the Cardano main chain focuses on settlement, while the partner chain is somewhat similar to the side chain. The side chain focuses on the calculations to be processed, and has its own consensus and ledger. The Cardano main chain is responsible for the final Cross-chain settlement provides security for the entire architecture.

ADA and BCH currency prices have mediocre performance

Although Charles Hoskinson proposed the idea of ​​cooperation between ADA and BCH, the currency prices of ADA and BCH have not improved.

ADA is currently trading at US$0.4595, down 1.98% in the past 24 hours. CoinGecko data shows that ADA has fallen by more than 20% in the past month. Compared with the historical high of US$3.09 set in September 2021, it has so far There has been a drop of more than 85%.

BCH is currently trading at $463.8, down 0.9% in the past 24 hours. CoinGecko data shows that BCH has fallen by more than 32% in the past month, but has risen by more than 290% in the past year, but compared with December 2017 The all-time high of $3,785.82 hit in March is still down more than 87% so far.

Bitcoin Cash promoter was arrested last week

Bitcoin Cash (BCH) is a cryptocurrency born in August 2017. It is directly hard forked from Bitcoin with the purpose of increasing the number of blocks. size, enhancing its scalability, and early Bitcoin investor Roger Ver, known as the “Bitcoin Jesus,” played a key role in promoting Bitcoin Cash and its usability.

Roger Ver, who owns 131,000 Bitcoins, hopes to use the innovative development work of the Bitcoin Cash network to solve all challenges related to the Bitcoin network. He even plans to introduce Bitcoin Cash on the Bitcoin Cash network. DeFi protocol support.

However, Roger Ver was arrested in Spain last weekend. He was charged by the U.S. Department of Justice with tax evasion of nearly $50 million, suspected of fraud, tax evasion, and filing false tax returns. The United States will seek to extradite Roger Ver to the United States. trial.

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