Cardano founder: DOGE and Cardano can decentralize Twitter

Cardano (ADA) founder Charles Hoskinson has in a youtube video explained how to build a decentralized Twitter using dogecoin (DOGE) and Cardano. Now that Elon Musk has taken over the social media platform Twitter, there is a lot of speculation about the integration of dogecoin on the platform. That the CEO of Tesla and SpaceX is a fan of the popular meme-coin is no secret and this has led to high expectations in the Dogecoin community. This was also clearly reflected in the price, as it rose by almost 150% in just a few days.

Dogecoin and Cardano

The Cardano founder shared on Twitter that he thinks there’s a real possibility that Elon Musk will soon somehow integrate DOGE on Twitter. As a result of this prediction, Hoskinson indicated that the Dogecoin blockchain as side chain could act for Cardano. He said he would do the migration for free and even add smart contracts.

The cryptocurrency entrepreneur also teased the idea that Twitter could become a Cardano-based protocol.

In his Youtube video he explains how blockchain is the solution to solve some problems in social media. An example of this is profile verification to crash from the platform. He emphasized that Cardano is working on neutral cross chain identity tools, so you can save profile verification. Hoskinson also suggested replacing the business model so that advertisers don’t influence the composition of tweets, i.e. quality information takes precedence over sponsored posts.

Read Also:  Japanese Bitcoin Giant Soars 500% on Stock Market with Coin Buys

Hoskinson also indicated that DOGE could in principle be the currency of the social network. At first he was always skeptical about the meme-coin, but now he indicates that dogecoin finally has a use case has.

“If Elon decides to use it for Twitter, there will automatically be 200 million users and a use case. That’s a lot more real than memes.”

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here