There is no division between Bitcoin and the others

The bankruptcy of FTX is an interesting probe into the behaviour of cryptocurrency communities. Bitcoiners immediately started claiming that FTX is not their problem. Indeed, the fault was not on Bitcoin’s side and it continues to produce blocks. Is it possible to separate Bitcoin from its surroundings this strictly? Bitcoin is not just a protocol, but an entire ecosystem in which there are many interdependent services and actors. The blockchain industry is evolving dynamically and changing literally every day as new projects are created, new entrepreneurs and new users come on board. What position can Cardano and other blockchains have in the Bitcoin ecosystem? And how do different communities view this?


  • Bitcoin and all blockchains are dependent on their environment.
  • The goal of decentralization is not just having decentralized money but also the creation of reliable financial services.
  • PoS, DeFi, stablecoins, DID, NFT is an important technological advancement in the blockchain industry.
  • The development of new technologies does not threaten the status of Bitcoin.
  • The Cardano ecosystem can enable greater opportunities for the use of BTC.
  • Blockchain communities must not see each other as competitors but as allies.

This article was prepared by Cardanians with support from Cexplorer.

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