{"id":244547,"date":"2024-07-17T16:33:27","date_gmt":"2024-07-17T16:33:27","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/17\/cardano-founder-pitches-elon-musk-decentralized-solution-for-xs-woes\/"},"modified":"2025-06-25T17:14:33","modified_gmt":"2025-06-25T17:14:33","slug":"cardano-founder-pitches-elon-musk-decentralized-solution-for-xs-woes","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/17\/cardano-founder-pitches-elon-musk-decentralized-solution-for-xs-woes\/","title":{"rendered":"Cardano founder pitches Elon Musk decentralized solution for X&#8217;s woes"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/a-large-white-x-on-a-black-background-with-green-d-2REZRyeDSAaKzcRXC6Hdzg-HY_L2BFuRSiNul63px-4BA-900x506.jpeg\" \/><\/p>\n<div>\n<p>Following a recent hacking incident on <a href=\"https:\/\/readwrite.com\/tag\/twitter\">X (formerly Twitter)<\/a> <a href=\"https:\/\/x.com\/bengoertzel\/status\/1813075545665773908\">affecting AI developer Ben Goertzel<\/a>, Cardano (ADA) creator Charles Hoskinson has suggested implementing decentralized identifiers (DIDs) to enhance the platform\u2019s security.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Elon <a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a>, we need DIDs integrated into X. It solves all of these problems. Again, I&#8217;ll do it for free. <a href=\"https:\/\/t.co\/iadaN2yLl2\">https:\/\/t.co\/iadaN2yLl2<\/a><\/p>\n<p>\u2014 Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1813243253527048500?ref_src=twsrc%5Etfw\">July 16, 2024<\/a><\/p>\n<\/blockquote>\n<p>Hoskinson <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1813243253527048500\">directed his proposal<\/a> to X owner Elon Musk, offering to integrate the technology at no cost. Hoskinson argues that DIDs could significantly improve user verification and digital identity protection on X, potentially mitigating risks of unauthorized access and hacking attempts.<\/p>\n<p>The suggestion sparked a <a href=\"https:\/\/x.com\/RuffTimo\/status\/1813358061354099088\">debate with Timothy Ruff<\/a>, a general partner at Digital Trust Ventures specializing in decentralized identity solutions. Ruff questioned the effectiveness of DIDs for true decentralization, advocating for a more comprehensive approach to identity management on social platforms.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If you\u2019re using \u201cDIDs\u201d as short for decentralized identity (it\u2019s not) and it\u2019s on some blockchain, it\u2019s not decentralized and should not be integrated into X.<\/p>\n<p>That\u2019s just embedding one platform into another. What X needs is truly decentralized identity, not blockchain.<\/p>\n<p>\u2014 Timothy Ruff (@RuffTimo) <a href=\"https:\/\/twitter.com\/RuffTimo\/status\/1813358061354099088?ref_src=twsrc%5Etfw\">July 16, 2024<\/a><\/p>\n<\/blockquote>\n<h2>Blockchain agnostic<\/h2>\n<p>In response, Hoskinson clarified that his proposed DID implementation would align with W3C standards and utilize a blockchain-agnostic framework for managing various aspects of digital identity. He emphasized the potential benefits for X in terms of security, access control, and regulatory compliance.<\/p>\n<p>Hoskinson also highlighted that the system could work with no blockchain at all.<\/p>\n<p>Despite differing opinions on the best approach, Hoskinson remains committed to advancing X\u2019s capabilities. He has proposed forming an industry-wide working group to address identity challenges and position X as a critical public infrastructure.<\/p>\n<h2>Who is Charles Hoskinson?<\/h2>\n<p>Cardano is a blockchain platform that aims to provide a more sustainable, scalable, and efficient alternative to other cryptocurrencies. It uses a proof-of-stake consensus mechanism called Ouroboros, which is designed to be more energy-efficient than proof-of-work systems used by cryptocurrencies like Bitcoin.<\/p>\n<p>Charles Hoskinson is one of the co-founders of Cardano and the CEO of IOHK (Input Output Hong Kong), the company primarily responsible for Cardano\u2019s development.<\/p>\n<p>Hoskinson\u2019s a prominent figure in the cryptocurrency world, known for his involvement in the early days of <a href=\"https:\/\/readwrite.com\/tag\/ethereum\/\">Ethereum (ETH)<\/a> as one of its co-founders. Hoskinson left the Ethereum project in 2014 due to disagreements over the project\u2019s direction and later initiated the development of Cardano in 2015.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/readwrite.com\/cardano-founder-pitches-elon-musk-decentralized-solution-for-xs-woes\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Following a recent hacking incident on X (formerly Twitter) affecting AI developer Ben Goertzel, Cardano (ADA) creator Charles Hoskinson has suggested implementing decentralized identifiers<\/p>\n","protected":false},"author":1,"featured_media":244548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[152],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/244547"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=244547"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/244547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/244548"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=244547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=244547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=244547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}