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Cardano Needs to Assist Twitter Decentralize Social Media | Crypto Briefing

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Key Takeaways

  • Charles Hoskinson of Cardano has expressed curiosity in serving to Twitter develop an open social media customary.
  • Each IOHK and Twitter are engaged on a mission alongside these strains.
  • Each initiatives are of their early phases, and few particulars are recognized.

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Charles Hoskinson, head of IOHK and Cardano, has expressed curiosity in serving to Twitter construct a decentralized social media customary.

Twitter CEO Reaffirms Bluesky Normal

Twitter is at the moment within the strategy of constructing Bluesky, a decentralized social media customary first introduced in December 2019. Up to now, the corporate has stated little about its plans or progress.

Nevertheless, Twitter CEO Jack Dorsey reiterated these plans earlier this week whereas discussing the agency’s resolution to droop former U.S. President Donald Trump from Twitter. Although Dorsey says that he believes the ban was “the correct resolution,” he additionally sees worth on checks and balances on Twitter via an open customary.

Dorsey additionally acknowledged his long-standing enthusiasm for Bitcoin, stating that he admires it as a expertise that’s “not managed or influenced by any single particular person or entity.”

Cardano’s Social Media Plans

Cardano has not formally introduced its plans for a social media platform or customary. Hoskinson merely hinted at plans alongside these strains this week in response to Dorsey’s tweets.

Cardano is not going to assist sensible contracts till the mission enters its Goguen stage in March. That may be a necessity for blockchain apps of any type, together with a social media platform. This means that any working social media product from Cardano is a number of months away.

Given a scarcity of different apps for Cardano, a social media mission might turn out to be a flagship app for the blockchain mission, assuming it reaches completion at an early date.

Any platform that Cardano creates will compete with different blockchain-based social media platforms reminiscent of Hive, Memo.money, Peepeth, Block.one’s Voice, and lots of others.

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Cardano Wants to Help Twitter Decentralize Social Media | Crypto Briefing

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