2022-4-18 14:38 |
Cardano creator Charles Hoskinson recently offered to develop a decentralized Twitter alternative with Tesla and SpaceX CEO Elon Musk if his offer to acquire the social media giant for $54.20 per share is rejected.
In all, Charles Hoskinson and Elon Musk are big forces in the world of crypto. Could a BTC, DOGE, and ADA-based Twitter alternative be the next big thing?
Hoskinson Offers To Help Elon Musk Build A Decentralized TwitterElon Musk, who has over 82 million followers on Twitter has repeatedly boosted the price of Dogecoin and bitcoin before he decided the flagship cryptocurrency’s carbon footprint was a bad picture for clean energy-friendly Tesla.
Now the world’s richest person has offered to purchase Twitter for approximately $43 billion, noting that it was important for free speech and the company needed to be taken private to undergo necessary changes.
But if Musk doesn’t get Twitter, Cardano’s Hoskinson is open to working closely with the tech titan to create a new decentralized version of Twitter. Hoskinson implied that for the platform to be truly decentralized, they would build a cross-chain between bitcoin (BTC), dogecoin (DOGE), and cardano (ADA).
Interestingly, Hoskinson didn’t include his previous crypto pet project, ethereum — the world’s second-most valuable blockchain. Though Cardano bears some similarities to ethereum in that it was intended as a basis for smart contracts and blockchain programs, his vision for cardano was a bit different. Particularly, he wanted cardano to be backed by strong scientific evidence and mathematical-based optimizations.
Meanwhile, Musk is yet to say yes to Hoskinson’s alternative Twitter offer. And members of the crypto community are already poking fun at the proposed project.
Will The Imminent Major Hard Fork Provide A Much-Needed Boost For ADA Price?Notably, Cardano is readying for the Vasil hard fork that is scheduled for this June. The upgrade is a big milestone for Cardano that will introduce a series of features, including pipelining. Diffusion pipelining will make the cardano blockchain more scalable by improving the consensus layer and increasing the budget to facilitate faster block propagation and validation times.
Reference inputs, script referencing, and inline datum are among the other features that will come with the June hard fork event as Cardano aims to dramatically improve the developer experience for projects building on the network.
The price of ADA has, however, remained largely unaffected despite Hoskinson asserting that the upcoming Vasil hard fork is “one of the most important updates we’ve done in a long time.” At the moment, the crypto token is trading for $0.9547 according to CoinMarketCap data, having gained 0.18% in the last 24 hours.
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