Why Cardano’s Hoskinson referred to a Bitcoin soft fork?

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3 Reasons Why 2021 is Shaping up to be The Year of Cardano


Input-Output Global CEO Charles Hoskinson announced that he has prepared his segment for the highly anticipated Cardano 360 event. In the mysterious post, Hoskinson hinted at a bug that allowed a hacker to mint 184 billion Bitcoin.

Known as the “Value Overflow Incident”, the bug was recorded in August 2010 and forced Bitcoin creator Satoshi Nakamoto to fork Bitcoin’s blockchain to “delete” the generated BTC. These were sent to two separate addresses.

A few hours after the event, a new version of the Bitcoin client was released and the chain considered “good” overtook the “bug blockchain” at block height 74691. The BTCs created by the bad actor ceased to exist.

In the image presented by Hoskinson, other tabs are also visible in his browser. This refers to smart contracts and the platform that will support them on Cardano’s blockchain, Plutus. Some users speculate that the reference to the “Value Overflow Incident” is a nod to the “double-spending” accusation that “Cardano never had” a few days ago.

In an earlier post, Hoskinson told “Cardano fans” that the event would be full of important announcements:

Cardano Fans, you’re really going to want to tune in to March’s Cardano 360 Episode. It’s going to be action-packed!

Agenda for Cardano 360

Led by IOHK’s Director of Marketing and Communications, Tim Harrison, and Aparna Jue, Product Director at IOHK, Cardano 360 is a monthly event where they give news on the development of the ecosystem.

Bring yer own cushion and don’t worry. If you can’t stick around, we’ll be dicing and slicing it and serving it up throughout next week in bite-size chunks.

In the comments section, the majority of the community asked for more news on the deployment of Alonso and Plutus. Harrison also announced the conclusion of his segment for the event, and stated: “that there will be lots coming down the line”. He also confirmed that there will be updates on Cardano’s DeFi capabilities.

The event will start at 17:30 UTC, Input-Output Global further confirmed that partners, team members, and the community will participate. In addition, it is expected that there will be an update on everything that has happened since the deployment of Hard Fork Combinator “Mary”.

ADA’s price is showing losses of 1.8% on the last day chart. In the last month, Cardano’s native cryptocurrency only registers gains of 1.6%, showing little reaction to its Coinbase listing and the hype of the event happening tomorrow.



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