Charles Hoskinson, the founder of Cardano blockchain and a well-known mathematician, wants to work with Elon Musk and create a decentralized Twitter. Cardano founder has planned to make a brand new localized social media platform from scratch along with Tesla Elon Musk if the multibillionaire’s audacious decision to take over Twitter fails. Stephen A. Douglas Horn, the chief creator of the Telos blockchain, tongue-in-cheek foreseen that the project would be delivered by 2035.
Will Charles Hoskinson be able to succeed?
Following the decision for a decentralized Twitter by Charles Hoskinson, the community began to form fun of him. Whereas one says that it’ll take an extended time to make such a platform from scratch, another user joked that the platform would solely be ready to send ten messages per minute. Such jokes suggest numerous school problems plaguing Cardano-based decentralized applications.
Musk is trying to own Twitter
Musk created a suggestion to pay $41 billion to require Twitter private, claiming that the unsought bid was meant to guard freedom of speech. Before that, he was non-inheritable, with a 9.2% stake within the company.
The platform that’s serving Musk to avoid wasting his promoting funds associated with influencing the market is important for him. Such an intimidating person might become the owner of the extremely important social media platform that expectedly caused loads of controversy. Dogecoin co-founder Jackson Palmer criticized Musk for attempting a takeover of Twitter.
Critics argue that the mogul is far from being a free speech messiah, and his real motive is to urge back at the U.S. Securities and Exchange Commission (SEC). As a part of his settlement with the formidable regulator, Musk’s tweets must be compelled to be preapproved before publishing. The wealthy person is currently attempting to eliminate his “Twitter sitter.”
Musk is “not sure” whether or not or not he can take up Twitter. However, he claims that he has “an arranged B.” Saudi patrician Alwaleed bin Talal Al Saud, a key Twitter shareholder, has shot down Musk’s offer. The company’s board is additionally reportedly not willing to accept it.
Source: https://www.thecoinrepublic.com/2022/04/15/charles-hoskinson-is-looking-for-a-decentralized-twitter/