Charles Hoskinson, the CEO of Input Output Global (IOG), has recently said that the largest meme token in the market, Dogecoin (DOGE), should be a sidechain for the Cardano network.
Hoskinson made this comment in a tweet after the tech billionaire and crypto supporter Elon Musk’s takeover of Twitter ignited a meteoric price surge for Dogecoin (DOGE). He said now that Twitter is in the hand of Musk, there is a possibility for collaboration between Cardano and Dogecoin.
Charles Hoskinson tweeted, “Now that Twitter is in the hands of Elon Musk I can see a real possibility that doge will somehow merge with the platform.”
Now that Twitter is in the hands of @elonmusk I can see a real possibility that doge will somehow merge with the platform.
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
According to Hoskinson, Dogecoin should be a Cardano sidechain and he could do the migration for free
“Should be a cardano sidechain. I’d do the migration for free. Hell I’d even add smart contracts.”
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
Cardano creator also teased that Twitter should be a Cardano-based protocol.
“Twitter as a protocol as a cardano sidechain is definitely the way to go.”
Twitter as a protocol as a cardano sidechain is definitely the way to go
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
It can be recalled that the long-awaited takeover of Twitter was completed by Elon Musk on Friday. According to the tech billionaire, he made this whooping acquisition because he believes that civilization and free speech need a space to thrive.
In his speech on Friday, he said, “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.
“There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.
Since the Twitter takeover was announced, Dogecoin (DOGE), Elon Musk’s favorite crypto asset, has been experiencing a massive surge in price. It outperformed other top crypto assets over the past week. According to CoinMarketCap, DOGE is currently the 8th largest cryptocurrency and trading at $0.1176.
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