PANews July 25 news, according to The Block report, Cardano founder Charles Hoskinson said that the potential threat of quantum computing may test Bitcoin’s ability to coordinate upgrades, and ultimately cause Bitcoin to lose its position as the world’s largest cryptocurrency. “Bitcoin’s problem is that it stagnates. It’s hard to make any changes.” At the same time, he believes Cardano’s formal on-chain governance mechanism and upgrade capabilities make it better equipped to deal with existential technological threats. “In many ways, Cardano is the spiritual successor of Bitcoin. It corrects many problems that I believe Satoshi Nakamoto failed to solve due to expertise or time constraints, but he has been working in this direction.”
