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Cardano (ADA) developer Charles Hoskinson states that tech magnate Elon Musk has the capability to onboard 200 million more individuals to crypto with his current purchase of social networks giant Twitter.
Speaking at the Web Top 2022 conference, Hoskinson states that Cardano and 3 other Ethereum (ETH) rivals are fighting it out to be the most scalable and interoperable procedure.
“There’s a great deal of cool things on the horizon. We’re best in the middle of the 3rd generation of cryptocurrencies. The very first generation was decentralization. That’s what Bitcoin brought us, and it’s the winner. The second was clever agreements, so programmability which’s what Ethereum brought us, and the 3rd generation is scalability, interoperability and governance, and there are lots of procedures that remain in this area.
You have Algorand (ALGO), NEAR, Tezos (XTZ) and Cardano etc, and we’re all type of fighting it out. And ultimately, some winners will take place, however on the horizon, we took a look at things like the 4th generation and there you have multi-resource agreement, identity developed into the system, a great deal of post-quantum things, so there’s a limitless river of cool things that we focus on.”
The crypto leader states that adoption in the market is speeding up, and another increase might be coming thanks to Elon Musk and the possibility of in some way incorporating digital properties like Dogecoin (DOGE) with Twitter’s almost 250 million users.
“It’s simply insane the scale of things. 3 hundred million cryptocurrency users worldwide now. It went from no to 300 million in 13 years …
Elon [Musk] purchasing Twitter is most likely going to bring crypto to 200 million individuals there. He has every objective of some type of crypto combination. I believe that’s why Binance put half a billion dollars in. He’s undoubtedly a fan of Dogercoin (DOGE), and it’s doing rather well due to the fact that there’s a belief that there’s going to be some type of combination on the horizon.”
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Included Image: Shutterstock/VFX video
Source: www.remintnews.com.