Cardano Founder To Elon Musk: Cardano, Doge Can Profit Twitter
The acquisition of Twitter by Elon Musk continues to make news. As major advertisers pull their ads from Twitter, the financial future of the company comes into question. However, Cardano Founder Charles Hoskinson believes that a decentralized Twitter can solve many of the company’s issues. In a video, the Cardano Founder pitched the idea of a decentralized Twitter using Cardano and Doge to Elon Musk.
Hoskinson believes that Cardano and Doge can play a huge role in a decentralized Twitter. Elon Musk has already publicly supported Dogecoin multiple times.
The Idea Of Decentralized Twitter
The idea of a decentralized Twitter is not new. Enthusiasts of blockchain technology view it as an alternative to the centralized model of many social media companies. Hoskinson explains this issue in further detail. He states that the social network side of Twitter is already decentralized. However, it is the overarching curation on Twitter that creates centralization issues.
The overarching curation can include dealing with storage, information flow, computation, and artificial intelligence. He highlights that the crypto community can help with peer-to-peer protocols, incentives engineering, and cryptography. He reveals that Elon Musk can use Cardano and Doge to deal with many of the platform’s challenges.
Hoskinson is not the only big name to propose his version of a decentralized Twitter. Evan Henshaw-Blath, the former boss of Twitter Founder Jack Dorsey also revealed that he is working on a decentralized Twitter. David Sneider, the co-founder of Lit Protocol, wrote an article on CoinDesk, explaining his version of Twitter to Elon Musk.
Will Elon Musk Use Cardano, Doge
Elon Musk has publicly supported Dogecoin multiple times. However, he is still hesitant about the use of other crypto networks. Musk initially allowed Bitcoin payments for specific services of Tesla. However, he later suspended it due to energy usage.
While Cardano does not face similar energy usage as Bitcoin, it has been extremely volatile in the crypto winter. Nevertheless, Hoskinson believes that Elon Musk should use Cardano and Doge to solve the issues facing Twitter.
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
