Elon Musk’s acquisition of Twitter has resulted in unprecedented events in general and in the cryptosphere in particular. There has been a lot of change, from firing more than half of the staff to considering new policies.
This news also impacted Elon’s favorite cryptocurrency, “Dogecoin.” The billionaire expresses his interest in DOGE by regularly tweeting about it, occasionally causing the coin’s value to skyrocket. Musk also made DOGE a form of payment for Tesla, his automobile company. This gives the coin an advantage over other meme coins.
Charles Hoskinson, the CEO of Cardano, made a statement about making Twitter a decentralized social media platform. In a YouTube video, he proposed using Dogecoin to build a decentralized Twitter, turning it into a token with actual value.
Doge would function as a sidechain to Cardano, handling Twitter transactions and payments.
Billy Markus, the co-creator of Dogecoin, responded to Charles Hoskinson, saying, “Doge is not going to use Cardano for anything.” This sparked an exchange of words between Charles and Billy. With Dogecoin supporters cheering Billy on.
doge isn’t going to use cardano for anything.
— Shibetoshi Nakamoto (@BillyM2k) November 6, 2022
Members of the Dogecoin community on Reddit deleted the video Charles made about the proposal to show their disapproval. Ever optimistic, Charles brushed it off and continued to reach out to more people.
If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
