Cardano (ADA) creator Charles Hoskinson says tech mogul Elon Musk has the ability to onboard an additional 200 million people into crypto with his recent purchase of social media giant Twitter.
Speaking at the Web Summit 2022 conference, Hoskinson said that Cardano and three other competitors to Ethereum (ETH) are fighting to be the most scalable and interoperable protocol.
“There’s a lot of cool stuff on the horizon. We are right in the middle of the third generation of cryptocurrencies. The first generation was decentralization. That’s what Bitcoin brought us, and it’s the winner. The second was smart contracts, so programmability and that’s what Ethereum gave us, and the third generation is scalability, interoperability, and governance, and there’s tons of protocols that are in this space.
You have Algorand (ALGO), NEAR, Tezos (XTZ) and Cardano and so on, and we are all fighting. And eventually some winners will happen, but on the horizon we’ve looked at things like fourth-gen and there you have multi-resource consensus, system-integrated identity, a lot of post-quantum stuff, so there’s an endless stream of cool things we pay attention to.
Crypto pioneer says industry adoption is accelerating and another boost could come thanks to Elon Musk and the ability to somehow integrate digital assets like Dogecoin (DOGE) with almost 250 million Twitter users.
“It’s just crazy how big things are. Three hundred million cryptocurrency users worldwide now. It went from zero to 300 million in 13 years…
Elon [Musk] buying Twitter is likely going to bring crypto to 200 million people there. He has every intention of some form of crypto integration. I think that’s why Binance invested half a billion dollars. He’s obviously a Dogercoin (DOGE) fan, and he’s doing pretty well as it’s believed there will be some form of integration on the horizon.
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