As Twitter takes more steps to developing its decentralized social media standard, Bluesky, Cardano offers a helping hand. Head of IOHK and Cardano, Charles Huskinson expressed interest in helping the social media site to decentralise its network.
On January 14, Jack Dorsey, CEO of Twitter, stated his reasons for having so much passion for Bitcoin and revealed plans about to fund an initiative around an open decentralized standard for social media.
In response to Jack’s tweets, Charles suggested that his team is “working on something”. He encouraged Jack to make an open source project, asserting that the entire industry could contribute.
Cardano could be considered as an ideal partner to Twitter for a blockchain project due to its wealth of experience in the sector. In only a matter of years, it has been able to create
A decentralised standard seems to have been on the cards for a long time. In its early days, Twitter showed a lot of potential to be a decentralised internet standard like SMTP (email protocol).
Earlier in 2019, Jack stated,
“Twitter was so open early on that many saw its potential to be a decentralized internet standard, like SMTP (email protocol). For a variety of reasons, all reasonable at the time, we took a different path and increasingly centralized Twitter. But a lot’s changed over the years…”
Twitter’s transition to the blockchain presents many opportunities for its users who may be able to gain more benefits from the decentralised technology already available for use on the platform. Brave Browser’s Basic Attention Token helps to tip other Twitter users. Tip bots can also be used to send XRP to other Twitter users.
Cardano is a cryptocurrency network and open source project with goals of running a public blockchain platform for smart contracts. Its internal cryptocurrency is called Ada. Cardano was founded by Charles Huskinson, an Ethereum co-founder.