Hoskinson: Elon Could Use DOGE on Twitter!

Cardano Charles Hoskinson, one of the founding partners of Input Output Global (IOG), the parent company that developed its network, took the stage at the 2022 Web Summit event held in Lisbon, Portugal. Hoskinson, the future of the Cardano (ADA) project and Elon Musk twitter talked about his move

Cardano founder, for questions about the future of the ADA project “I expect Cardano to evolve into a blockchain network in the long run” said. The smart contract platform has used the Ethereum infrastructure to date.

Hoskinson then made some predictions about Elon Musk’s acquisition of the giant social media platform.

“Elon Could Use Dogecoin on Twitter”

The crypto phenomenon estimated that 200 million new users could join the platform after Musk bought Twitter. Hoskinson is also in the famous billionaire’s new toy Dogecoin believes he will use it.

Based on this, the Cardano founder stated that the current scalability of DOGE is not enough for such a big breakthrough. According to Hoskinson, Dogecoin can overcome this problem with a sidechain to be built on ADA.

“Binance Didn’t Waste Investment in Twitter”

Charles Hoskinson also touched on the role he played in the Twitter acquisition of the giant crypto exchange Binance. The ADA founder thinks that this move by CZ was not in vain.

“I believe CZ did not waste this investment. It’s pointless to spend half a billion dollars on just a passive investment. We may see the presence of a Binance or BNB token inside Twitter in the coming period.”

Binancebecame one of the main partners of Twitter, investing $500 million in Musk’s acquisition.