Cardano founder pitches Elon Musk decentralized solution for X’s woes

Following a current hacking incident on X (formerly Twitter) affecting AI developer Ben Goertzel, Cardano (ADA) creator Charles Hoskinson has prompt implementing decentralized identifiers (DIDs) to boost the platform’s safety.

Elon @elonmusk, we want DIDs built-in into X. It solves all of those issues. Once more, I will do it without cost. https://t.co/iadaN2yLl2

— Charles Hoskinson (@IOHK_Charles) July 16, 2024

Hoskinson directed his proposal to X proprietor Elon Musk, providing to combine the know-how without charge. Hoskinson argues that DIDs may considerably enhance person verification and digital identification safety on X, doubtlessly mitigating dangers of unauthorized entry and hacking makes an attempt.

The suggestion sparked a debate with Timothy Ruff, a basic companion at Digital Belief Ventures specializing in decentralized identification options. Ruff questioned the effectiveness of DIDs for true decentralization, advocating for a extra complete method to identification administration on social platforms.

In the event you’re utilizing “DIDs” as quick for decentralized identification (it’s not) and it’s on some blockchain, it’s not decentralized and shouldn’t be built-in into X.

That’s simply embedding one platform into one other. What X wants is really decentralized identification, not blockchain.

— Timothy Ruff (@RuffTimo) July 16, 2024

Blockchain agnostic

In response, Hoskinson clarified that his proposed DID implementation would align with W3C requirements and make the most of a blockchain-agnostic framework for managing varied facets of digital identification. He emphasised the potential advantages for X when it comes to safety, entry management, and regulatory compliance.

Hoskinson additionally highlighted that the system may work with no blockchain in any respect.

Regardless of differing opinions on the perfect method, Hoskinson stays dedicated to advancing X’s capabilities. He has proposed forming an industry-wide working group to handle identification challenges and place X as a essential public infrastructure.

Who’s Charles Hoskinson?

Cardano is a blockchain platform that goals to offer a extra sustainable, scalable, and environment friendly various to different cryptocurrencies. It makes use of a proof-of-stake consensus mechanism known as Ouroboros, which is designed to be extra energy-efficient than proof-of-work methods utilized by cryptocurrencies like Bitcoin.

Charles Hoskinson is among the co-founders of Cardano and the CEO of IOHK (Enter Output Hong Kong), the corporate primarily chargeable for Cardano’s improvement.

Hoskinson’s a outstanding determine within the cryptocurrency world, identified for his involvement within the early days of Ethereum (ETH) as certainly one of its co-founders. Hoskinson left the Ethereum undertaking in 2014 on account of disagreements over the undertaking’s route and later initiated the event of Cardano in 2015.