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Charles Hoskinson Interview: CARDANO - A New Era for CryptoBitcoin is a proof-of-work currency used mainly for spending and monetary transfer purposes. Cardano is a proof-of-stake unit for smart contracts and dApps. Touching upon ADA's immediate price trajectory, Chen says: �In the short term, ADA's potential to deviate from BTC's prevailing trend seems. The daily correlation coefficient between Cardano and Bitcoin has remained mostly positive throughout history. As of this week, it was above ADA/USD and.