Cardano co-founder Charles Hoskinson has asked the crypto community whether he should submit a proposal to connect Dogecoin to his blockchain ecosystem.
Charles Hoskinson has posted a poll on Twitter revealing a newfound interest in Dogecoin, a cryptocurrency that has gone from being a mere memecoin to the industry's eighth-largest cryptocurrency by market cap.
The poll posted by Hoskinson via his Twitter account asks his more than 950 thousand followers if he should introduce a proposal from a social network like Twitter to connect Dogecoin to its blockchain ecosystem. Specifically, Hoskinson asked if the network should “launching an ultra-fast, Cardano identity-enabled, post-quantum sidechain to Twitter, tailor-made for social media”.
At the time of writing, Hoskinson's poll has 80,6% of the crypto community voting in favor of the proposal, while only 19,4% of respondents were not attracted to it.
Cardano's Charles Hoskinson is interested in Dogecoin
The proposal presented by Hoskinson on Twitter surprised several members of the crypto community. There are even those who questioned the recent interest that the co-founder of Cardano is showing in the cryptocurrency meme.
In response, Hoskinson assured that he is currently seeing a huge opportunity for Dogecoin, especially now that Elon Musk has bought the social network Twitter.
Through his official account, Hoskinson stated that Dogecoin could finally have a real use case. In his publicationHoskinson noted that if Elon Musk decides to integrate Dogecoin into the social network Twitter, then there will automatically be 200 million users and a real use case for this cryptocurrency.That is much more real than memes”, wrote the Cardano co-founder.
Dogecoin, Twitter
When he announced his plans to buy Twitter, Musk had mentioned the possibility of expanding cryptocurrency payments on this platform. Currently, Twitter is developing New crypto features, such as those related to NFTs and, according to technology researcher and blogger Jane Manchun Wong, a crypto wallet with which users will be able to manage their own crypto assets.
For all these reasons, Hoskinson believes that Twitter could become a gateway to the crypto and blockchain ecosystem under the direction of Elon Musk and that the billionaire's favorite cryptocurrency, Dogecoin, could somehow merge with the Cardano ecosystem.
“Twitter as a protocol as a Cardano sidechain is definitely the way forward”, Hoskinson said.
Musk, as the new owner of the social media company, has recently made changes to its management, dissolving Twitter's board of directors and removing the company's CEO, CFO, chief legal officer and general counsel from their positions.
Dogecoin leads crypto market gains
Elon Musk's acquisition of Twitter has sent Dogecoin (DOGE) price soaring in the market. Currently, according to CoinMarketCap data, the meme cryptocurrency is showing a weekly gain of 116% and its price is very close to the $ 0,13 dollars per unit.
Dogecoin's market cap has surged to $16.997 billion, displacing Cardano and Solana into ninth and tenth place in the crypto market.
Continue reading: Dogecoin is the second largest PoW cryptocurrency
