- Cardano might be an extension of the Bitcoin community after the most recent integration.
- The group confirmed blended reactions as market sentiment round ADA dropped decrease.
The current integration of Cardano [ADA] into the Bitcoin [BTC] community has once more raised questions on its founder, Charles Hoskinson.
Within the newest replace, Bitcoin OS, the bridge behind BTC and Cardano, claimed that the combination would make the latter an extension of Bitcoin, extra like a BTC L2. It stated,
“By connecting to the BOS Grail bridge, Cardano can quickly be referred to as a correct extension of Bitcoin.”
It added that the Grail Bridge system will enable Cardano and different chains to take pleasure in Bitcoin community safety, an enormous capital base of over $1.3 trillion in liquidity.
Group reacts
Nevertheless, the point out of Cardano as an extension of Bitcoin didn’t bode nicely with the group, given the founder’s earlier criticism.
In September, there was a viral video of Hoskinson stating that the trade doesn’t want Bitcoin anymore and questioning about its long-term sustainability.
He added that,
“I simply don’t see the way it (Bitcoin) survives. It’s a faith, not an ecosystem.”
Some customers shortly pointed out that the Bitcoin OS replace signalled Hoskinson’s softening stance on Bitcoin. One person stated,
“The founding father of Cardano @IOHK_Charles simply reversed his stance on Bitcoin and introduced that Cardano L1 is pivoting to develop into a Bitcoin L2”
On his half, Austin Federa of the Solana Basis criticized the transfer and questioned how low Cardano may go.
“Simply once I thought Cardano couldn’t get any slower.”
However Romain Pellerin, CTO at IOHK, the analysis agency behind Cardano, clarified the replace and said,
“Cardano will give Ordinals the good contract functionality that Bitcoin is lacking. It’s not that Cardano will swap from being a L1 to being a L2 of Bitcoin. It’s referred to as UTXO-enabled interoperability between 2 L1s”
Put otherwise, the bridge might be rather more of a trustless integration between two chains, not precisely a BTC L2, as some have purported.
That stated, most customers didn’t align with the replace or the concept of Cardano being a ‘BTC L2.’ This was illustrated by a pointy decline in weighted sentiment to the detrimental territory.
Supply: Santiment
Bitcoin OS was assured the combination would boost ADA in the long term, particularly from 2025. Nevertheless, the altcoin struggled under key long-term trendline resistance (white) at press time.
It was valued at $0.36, up about 4% on the weekly charts. It stays to be seen how 2025 will play out for ADA.
Supply: ADA/USDT, TradingView