Tomiwabold Olajide
Charles Hoskinson recently proposed creating a new decentralized social media platform
Cardano founder Charles Hoskinson has recently suggested that Elon Musk, along with Tesla, create a new decentralized social media platform from scratch if the billionaire’s bold attempt to take over Twitter fails.
In response to a user’s question about whether the decentralized media platform would be cross-chain, the Cardano inventor said it would be a cross-chain network featuring Bitcoin, Dogecoin, and Cardano.
Cross chain with Bitcoin, Doge and Cardano https://t.co/6Q8bJgaCY9
— Charles Hoskinson (@IOHK_Charles) April 15, 2022
The Twitter user had asked, “Great idea, but will it be usable across chains and not just limited to Cardano? If it’s just limited to Cardano or a single chain, then I don’t think it’s true decentralization.”
As reported by U.Today, Tesla CEO Elon Musk made an offer to pay $41 billion to make Twitter private, claiming the unsolicited offer was meant to protect freedom of speech. He previously acquired a 9.2% stake in the company.
In response to Musk’s offer, the Twitter board appears to have adopted the “poison pill,” as reported by multiple outlets. The company is keen to fend off the billionaire’s bid to buy it in a deal that could be worth more than $40 billion.
Cardano Vasil hard fork targets release on June 29th
Cardano’s big update, the Vasil hard fork, is expected to come out in June. The upgrade in question appears to be named after Vasil Dabov, the late Bulgarian mathematician who was a prominent member of the Cardano community.
Regarding the expected update, Cardano founder Charles Hoskinson said, “This is one of the most important updates we’ve made in a long time.”
In a recent update published mid-month, IOHK shared the latest information on network performance and the status of preparations for the major Cardano release in June, including the target date for the Vasil hard fork, which is June 29th. Plutus script references and reference inputs are among the major improvements to be included in the June Vasil hard fork.
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