Potential decentralized alternative to Twitter could include the biggest cryptocurrencies out there. Recently, Cardano founder Charles Hoskinson made fun of the cryptocurrency community after telling Elon Musk that he was ready to create a decentralized version of Twitter if he couldn’t buy one of the world’s biggest social media platforms.
Cardano CEO’s proposal sparked a backlash from the community
After Elon Musk’s offer to buy Twitter outright was rejected, Cardano creator Charles Hoskinson has offered to build an alternative platform to Twitter. Following the proposal, Hoskinson faced a wall of criticism, including questions about the network’s choice for a potential decentralized alternative to the platform. Because Hoskinson works with the ADA Blockchain, users have argued that it wouldn’t be fair for the “free version” of Twitter to run on just one Blockchain.
https://twitter.com/IOHK_Charles/status/1514979417679880199?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E15149979417679880199%7Ctwgr_%A5%A%7Cref_gurtw%A&E5%7% %2Fu.today%2Fcharles-hoskinson-teases-bitcoin-doge-and-cardano-cross-chain-for-decentralized-twitter In response to these backlash, Hoskinson is trying to calm the community with the concept that the decentralized version of the social network will work on. hastened to. On the other hand, according to another tweet, Hoskinson expressed that he would be happy to create a cross-chain between Dogecoin, Bitcoin and Cardano for the platform. However, Hoskinson did not mention the Ethereum network in the Blockchain trio, as it is considered Cardano’s biggest competitor in the same category as Solana.
Will Musk accept the offer?
According to market experts, Cardano (ADA) hardly implements smart contracts technology, while offering some solutions on the network. Therefore, it seems almost impossible for a person to successfully create a complex structure such as a social media platform based solely on Cardano. It is also unclear how cryptocurrencies will fit in with platforms such as Twitter, where such platforms do not have a primary purpose other than tipping and transferring money, according to experts.
There is no statement yet that Elon Musk, one of the richest people in the world, whose views we follow closely as Cryptokoin.com, will agree to create a decentralized alternative to Twitter. It is likely, however, that he will choose more complex networks such as Ethereum, which has proven its validity as a network with complex solutions built on top of it.
3756
