Charles Hoskinson recently proposed creating a new decentralized social media platform
Founder of Cardan Charles Hoskinson recently offered to create a new decentralized social media platform from the ground up with Tesla Elon Musk in case the billionaire’s bold bid to take over Twitter fails.
In response to a user who asked if the decentralized media platform would be used across chains, the Cardano creator said it would be a cross-chain network with Bitcoin, Dogecoin and Cardano.
The Twitter user had asked: “Great idea, but will it be able to be used on all channels and not limited to Cardano only? If it’s limited to Cardano or just one chain, I don’t think it qualifies as true decentralization. ”
As reported by U.Today, Tesla CEO Elon Musk made an offer to pay $41 billion to make Twitter private, claiming that the unsolicited bid was meant to protect freedom of speech. Before that, he acquired a 9.2% stake in the company.
In response to Musk’s offer, Twitter’s board appears to have adopted the “poison pill”, as multiple outlets have covered. The company intends to spurn the billionaire’s offer to buy it in a deal that could be worth more than $40 billion.
Cardano Vasil hard fork targets June 29 release
Cardano’s big update, the Vasil hard fork, is expected to land in June. The upgrade in question appears to be named after Vasil Dabov, the late Bulgarian mathematician who was a prominent member of the Cardano community.
Speaking on the expected update, Cardano founder Charles Hoskinson said, “This is one of the biggest updates we’ve done in a long time.”
In a recent mid-month update, IOHK shared the latest on network performance and status on preparations for the major June Cardano release, including the target date for the Vasil hard fork, which is June 29. Plutus script referencing and reference inputs are among the major improvements planned to be included in the June Vasil hard fork.