Charles Hoskinson, the co-founder of Ethereum , launched Cardano in 2017. It features more scalability, cheaper transaction fees, and faster processing than Ethereum. It was once called the "Ethereum killer," but Cardano seems to have faded out of people's mind recently. discussion, and was even rated as one of the blockchain zombie companies by Forbes.
Cardano integrates with Bitcoin Cash?
Perhaps in order to revive morale, Charles Hoskinson launched a poll on the 4th, sparking discussion again. He asked:
Would you like to see Bitcoin Cash become a Cardano partner chain, upgraded with useful proof-of-work Leios, NiPoPoW and Ergo technologies, becoming the fastest and most useful proof-of-work chain in history?
Charles Hoskinson did not say why he had this idea. The poll will close in six 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 structure 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, providing the entire Architectural security.
ADA and BCH currency prices performed mediocrely
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 exceeded 85%. Decline.
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 the historical record of $3,785.82 set in December 2017 From its highs, it is still down more than 87% so far.
Bitcoin Cash promoter arrested last week
Bitcoin Cash (BCH) is a cryptocurrency born in August 2017. It was directly hard-forked from Bitcoin to increase the block size and enhance its scalability. Bitcoin, known as the "Bitcoin Jesus" Early investor Roger Ver played a key role in promoting Bitcoin Cash and its usability.
Roger Ver, who owns 131,000 Bitcoins, hopes to solve all challenges related to the Bitcoin network through the innovative development of the Bitcoin Cash network. He even plans to introduce support for DeFi protocols on the Bitcoin Cash network. .
However, Roger Ver was arrested in Spain last weekend. He was accused by the US Department of Justice of evading nearly $50 million in taxes, suspected of fraud, tax evasion and filing false tax returns. The United States will seek to extradite Roger Ver to the United States to face trial.
Extended reading: Bitcoin Jesus Roger Ver was arrested, the US Internal Revenue Service charged him with tax evasion of 48 million mg, and sought extradition to stand trial
