Cardano Wants to Help Twitter Decentralize Social Media

Key Takeaways

  • Charles Hoskinson of Cardano has expressed interest in helping Twitter develop an open social media standard.
  • Both IOHK and Twitter are working on a project along those lines.
  • Both projects are in their early stages, and few details are known.

Charles Hoskinson, head of IOHK and Cardano, has expressed interest in helping Twitter build a decentralized social media standard.

Twitter CEO Reaffirms Bluesky Standard

Twitter is currently in the process of building Bluesky, a decentralized social media standard first announced in December 2019. So far, the company has said little about its plans or progress.

However, Twitter CEO Jack Dorsey reiterated those plans earlier this week while discussing the firm’s decision to suspend former U.S. President Donald Trump from Twitter. Though Dorsey says that he believes the ban was “the right decision,” he also sees value on checks and balances on Twitter through an open standard.

Dorsey also acknowledged his long-standing enthusiasm for Bitcoin, stating that he admires it as a technology that is “not controlled or influenced by any single individual or entity.”

Cardano’s Social Media Plans

Cardano has not officially announced its plans for a social media platform or standard. Hoskinson merely hinted at plans along those lines this week in response to Dorsey’s tweets.

Cardano will not support smart contracts until the project enters its Goguen stage in March. That is a necessity for blockchain apps of any sort, including a social media platform. This implies that any working social media product from Cardano is several months away.

Given a lack of other apps for Cardano, a social media project could become a flagship app for the blockchain project, assuming it reaches completion at an early date.

Any platform that Cardano creates will compete with other blockchain-based social media platforms such as Hive,, Peepeth,’s Voice, and many others.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article