|

Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”

  • Cardano founder Charles Hoskinson proposed integration of Bitcoin Cash into a Cardano Partnerchain.
  • 65% of 11,340 voters voted in favor of, to the contrary “No”, meaning “Ayes” have it, but this is pending confirmation.
  • Proof of Work Leios, NiPoPoWs, and Ergo tech could be used if partnership is implemented.

Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X (formerly Twitter), about a possible integration.

Also Read: Cardano on-chain indicators flash buy signals

Cardano founder Charles Hoskinson posted a proposal on X on Saturday, inviting the public to vote on whether to bring in Bitcoin Cash into a Cardano Partnerchain.

Based on the post, the integration would mean elements such as Proof of Work Leios, NiPoPoWs, and Ergo tech come into the fold. Based on the latest update, over 11,300 votes have been casted so far, with around 66% voting in favor.

Cardano Bitcoin Cash partnerchain votes

To the contrary, 34% of the voters do not support the proposal, with one responder saying it would be easier to leverage Ergo. Another, @matudavis, says, “Bitcoin Cash feels like we are reaching for something that is dying and very opposite of Cardano.”

Another interesting response from @Bryant_Austin_, reads, “I voted yes, but would love more to see this energy and support directed to Ergo smart contract platform.” Overall, many of those who are for the proposal say Ergo would make for a better integration. 

Author

Lockridge Okoth

Lockridge is a believer in the transformative power of crypto and the blockchain industry.

More from Lockridge Okoth
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin (BTC) treasury and financial intelligence firm Strategy expanded its holdings following another round of weekly accumulation.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.