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Charles Hoskinson believes that the primary memecoin Dogecoin (DOGE) should be a sidechain of the Cardano (ADA) network.
Tech billionaire and cryptocurrency advocate Elon Musk took over Dogecoin’s Twitter account last week, leading Hoskinson to say that Dogecoin’s integration with social media platforms is a real possibility. .
“Now that Twitter is in Elon Musk’s hands, we can see the real possibility that doge will somehow merge with the platform.”
According to Hoskinson, the Dogecoin blockchain could also serve as a sidechain for Cardano.he To tell He will migrate for free and even add smart contract functionality.
The crypto billionaire also hinted at the idea that Twitter is a Cardano-based protocol.
Twitter as a protocol as a Cardano sidechain is definitely the way to go
Charles Hoskinson (@IOHK_Charles) October 28, 2022
Musk completed its acquisition of Twitter on Friday, saying he bought the tech giant because he believes civilization needs a space where ideas can be freely discussed.
I acquired Twitter because it is important to the future of civilization to have a common digital town square where a wide range of beliefs can be discussed in a healthy way without resorting to violence.
Dogecoin, one of Musk’s favorite crypto assets, has responded very positively to the acquisition, becoming the eighth largest coin by market capitalization and virtually surpassing the entire digital asset market.
At the time of writing, DOGE has gained 133% over the past 7 days and is currently trading at $0.138.
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