Potential decentralized different for Twitter could embrace the most important cryptocurrencies on the market
Just lately, Charles Hoskinson teased the cryptocurrency neighborhood after telling Elon Musk that he’s able to create a decentralized model of Twitter if he can’t purchase out one of many largest social media platforms on the planet.
After the providing, Hoskinson confronted a wall of criticism, together with questions concerning the community’s alternative for a potential decentralized different to the platform. Since Hoskinson works with Cardano blockchain, customers recommended it might not be honest if the “free model” of Twitter would work on one blockchain solely.
Cross chain with Bitcoin, Doge, and Cardano https://t.co/6Q8bJgaCY9
— Charles Hoskinson (@IOHK_Charles) April 15, 2022
However Hoskinson rushed to relax the neighborhood with the idea on which the decentralized model of the social community would work. Based on one other Tweet, Hoskinson could be blissful to construct a cross-chain between Dogecoin, Bitcoin and Cardano for the platform.
Satirically, Hoskinson did not point out the Ethereum community in his blockchain trifecta since it’s thought-about the key competitor of Cardano in the identical class as Solana.
Will Musk settle for the supply?
Since Cardano has barely carried out good contracts expertise and has launched some options on the community, it’s nearly not possible that somebody would efficiently construct such an advanced construction like a social media platform primarily based purely on Cardano. Additionally it is not clear how cryptocurrencies match platforms like Twitter other than tipping and transferring funds, which isn’t a major objective of such platforms.
Even when the richest individual on Earth builds a decentralized different to Twitter, he’ll most probably select extra refined networks like Ethereum, which has confirmed its validity as a community with complicated options constructed on prime of it.