Twitter wants to decentralize social networks and Cardano (ADA) will help

Twitter wants to decentralize social networks and Cardano (ADA) will help
фото показано с : invezz.com

2021-1-16 10:55

Twitter CEO, Jack Dorsey, has been talking about the decentralization of social platforms for quite some time now. He became even more convinced that this is the right way to go after social networks recently decided to block Donald Trump’s accounts. However, he is not the only one to think so, as Cardano’s Charles Hoskinson stated that Cardano (ADA) will help make it happen.

Jack Dorsey wants to make a decentralized social network standard

Twitter is already working on making its platform decentralized by creating a new, decentralized social media standard. In fact, it plans to be its first user, and to set an example for others. The new standard is called Bluesky, and it has been in the works since December 2019.

However, neither Twitter nor Dorsey spoke much about it since then, and the project ended up being pushed aside. But, earlier this week, Dorsey brought back the plans following the Trump incident.

Dorsey does not regret making the decision, as he still believes that it was the right thing to do, due to Trump’s misuse of social networks. However, he also believes that there should be a balance on social networks, Twitter included, and that an open standard can bring such balance.

He says that he wants Twitter to be more like Bitcoin (BTC), and not controlled or influenced by any individual or entity.

Cardano joins the movement

The idea started receiving support even from the crypto industry, as Cardano founder, Charles Hoskinson, hinted at similar plans in response to Dorsey’s statement.

It is worth noting that Cardano has not revealed any official plans of its own, but given the proximity of the events that caused it all, it is possible that the project is still working on the concept.

In fact, Hoskinson urged Dorsey not to make the new standard in-house, but to open-source it and allow the entire crypto industry to contribute.

We are working on something Jack. You shouldn't build this in house. Make it an open source project and our entire industry can contribute.

— Charles Hoskinson (@IOHK_Charles) January 14, 2021

Another thing worth mentioning is that Cardano cannot support smart contracts until March, when it is scheduled to enter the Goguen stage, so its own standard — if it has it — is still months away, at best.

The post Twitter wants to decentralize social networks and Cardano (ADA) will help appeared first on Invezz.

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