Cardano cryptocurrency founder thinks Doge and BNB tokens will integrate into Twitter

Charles Hoskinson, co-founder and CEO of IO Global (IOG), the company responsible for Cardano’s research and development, said that in the long run, Cardano will become a «blockchain network» and explained why he believes Dogecoin (DOGE) and BNB could be part of Elon Musk’s plans to develop Twitter.

Speaking at the Web Summit conference in Lisbon, Hoskinson predicted that Elon Musk’s takeover of Twitter could attract another 200 million users to the cryptocurrency space and suggested that the Tesla and SpaceX CEO could use his favorite cryptocurrency, Dogecoin, on the platform.

According to Hoskinson, DOGE cannot currently scale to serve up to 200 million people, although he added that it would be «a lot of fun» to create a DOGE sidechain on Cardano or build a bridge between the two projects to help scale the meme-coin.

Hoskinson added that he sees «a lot of interesting things on the horizon» when it comes to cryptocurrencies, as we are «right in the middle of the third generation of cryptocurrencies.» According to him, the first generation brought decentralization and saw BTC emerge as a winner. The second wave, he said, was the smart contracts created by Ethereum (ETH), but the third wave is now bringing scalability, interoperability, and governance. Hoskinson named Algorand, NEAR, Tezos, and Cardano as protocols that are «fighting in the third generation.»

He also suggested that Binance's $ 500 million investment in Musk’s buyout of Twitter had something to do with the exchange having a stake in it: «I don’t have any information about that, but just to assume, I think Binance is pushing for it… You’re investing half a billion dollars, that’s a pretty big check if it’s just a passive investment. I think Binance has every intention of being part of the crypto conversation [щодо інтеграції у Twitter]».

Changpeng Zhao, the head of Binance, is less categorical in his assessments and has previously stated that one of the reasons for the loan is to support freedom of speech.