Charles Hoskinson: Dogecoin Should Be A Cardano Sidechain
Charles Hoskinson: Dogecoin Should Be A Cardano Sidechain.
Charles Hoskinson, the creator of Cardano, has proposed the concept of Dogecoin joining the Cardano sidechain and has stated his willingness to perform the migration for free.
Dogecoin As A Cardano Sidechain
Charles Hoskinson made the declaration after theorizing that there is now a strong likelihood that Twitter and Dogecoin will merge following Elon Musk’s recent acquisition of the social media platform, who is an unwavering supporter of Dogecoin.
When asked if the meme currency will be changed to a proof-of-stake (PoS) network or proof-of-useful work (PoUW), an alternate method to proof-of-work (PoW) that tries to replace excessive hash function usage with jobs that bring in more real-world, the answer was “both.”
Read More: DogeCoin Up By More Than 100% Following Elon Musks Twitter Acquisition
Should be a cardano sidechain. I'd do the migration for free. Hell I'd even add smart contracts
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
It’s not altogether novel to consider Cardano as having additional sidechains from other blockchains. The founder mentioned Cardano might be a network of blockchains with several sidechains connected to it in a recent live stream.
Dogecoin To Merge With Twitter & Cardano Sidechain?
Following Tesla CEO Elon Musk’s acquisition of Twitter for $44 billion on October 27, the dominant meme coin has once again been to the forefront of discussion.
In a letter to sponsors on October 27, Musk stated that he bought Twitter to “benefit humanity.” Musk said he bought the digital giant because he thinks humanity needs a place where ideas can be discussed openly as he finalized his takeover of Twitter on Friday.
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.”
The acquisition has sparked rallies in Dogecoin over the past week. According to Hoskinson, there’s a chance that DOGE might be merged with the social media network.
“Now that Twitter is in the hands of Elon Musk I can see a real possibility that doge will somehow merge with the platform.”
Additionally, the crypto billionaire made light of Twitter’s potential Cardano-based platform.
Twitter as a protocol as a cardano sidechain is definitely the way to go
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
