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Elon Musk is ready to construct a decentralized version of Twitter, according to Charles Hoskinson, if he can’t buy one of the world’s largest social media networks after the bitcoin community informed him.
The platform will support more than one blockchain
Following the offering, Hoskinson was met with a barrage of criticism, including questions over the network’s decision to go with a possibly decentralized platform option.
Users pointed out that because Hoskinson works with the Cardano blockchain, it wouldn’t be fair if the “free version” of Twitter only supported one blockchain.
However, Hoskinson raced to appease the community by proposing a decentralized version of the social network. According to another tweet, Hoskinson is willing to establish a Dogecoin, Bitcoin, and Cardano cross-chain for the platform.
Ironically, Hoskinson did not include the Ethereum network in his blockchain trifecta, despite the fact that it is a key competitor to Cardano and Solana.
Will Musk accept the offer?
Because Cardano has only recently developed smart contract technology and offered a limited number of solutions, it is very impossible for someone to build a complicated infrastructure like a social media platform exclusively on Cardano.
Apart from finance and transfers, which are not the core goals of such sites, it is also unclear how cryptocurrencies integrate into platforms like Twitter.
Even if the world’s richest man produces a decentralized Twitter alternative, he will go for a more complex network like Ethereum, which has demonstrated its credibility as a network.
About Charles Hoskinson
Charles Hoskinson is an American entrepreneur who co-founded the Ethereum blockchain platform and founded the Cardano blockchain platform.
In late 2013, he joined the Ethereum founding team as one of five initial founders alongside Vitalik Buterin. Hoskinson served as the CEO of Ethereum for a brief period of time.
After a disagreement over whether the project should be commercial (Hoskinson’s view) or nonprofit (Buterin’s view), Buterin booted Hoskinson from Ethereum in 2014.
Hoskinson and former Ethereum colleague Jeremy Wood founded IOHK (Input Output Hong Kong) in late 2014, a cryptocurrency and blockchain engineering and research firm.
Hoskinson spoke at the World Economic Forum in Davos in 2020, predicting that blockchain would eventually create social disruption.
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
