Investor's Crypto DailyInvestor's Crypto Daily
Font ResizerAa
  • Home
  • Headlines
    • Financial Market News
    • Cryptocurrency News
    • Press Releases
    • My Bookmarks
  • Spotlight Stories
  • Crypto Stock Plays
    • Crypto ETFs, Trusts & Investment Funds
    • Crypto Adjacent Stocks
    • Crypto Futures (Settled in USD)
  • Step Into Crypto
    • Common Crypto Terms
    • Crypto Rules & Regulations
  • Economy
    • Economic News
    • Economic Calendar
  • Join Us
Reading: Cardano Founder Fills Void Left by X with New Platform
Share
Font ResizerAa
Investor's Crypto DailyInvestor's Crypto Daily
  • Home
  • Headlines
  • Spotlight Stories
  • Crypto Stock Plays
  • Step Into Crypto
  • Economy
  • Join Us
Search
  • Home
  • Headlines
    • Financial Market News
    • Cryptocurrency News
    • Press Releases
    • My Bookmarks
  • Spotlight Stories
  • Crypto Stock Plays
    • Crypto ETFs, Trusts & Investment Funds
    • Crypto Adjacent Stocks
    • Crypto Futures (Settled in USD)
  • Step Into Crypto
    • Common Crypto Terms
    • Crypto Rules & Regulations
  • Economy
    • Economic News
    • Economic Calendar
  • Join Us
Follow US
  • Advertise
© 2024 Investor's Crypto Daily. All Rights Reserved.
Investor's Crypto Daily > Blog > Headlines > Cryptocurrency News > Cardano Founder Fills Void Left by X with New Platform
Cryptocurrency News

Cardano Founder Fills Void Left by X with New Platform

Last updated: September 2, 2024 3:57 pm
By Troy Nilock 3 Min Read
Share
SHARE

  • Charles Hoskinson, Cardano’s Charles Hoskinson, plans to create a decentralized network of social networks in Brazil following the X ban.

  • Brazil bans X because Elon Musk refused to appoint a representative to liaise directly with the government.

  • Hoskinson’s project aims at counteracting censorship through a decentralized network.

Charles Hoskinson, founder of Cardano, is stepping in to create a social media platform that is decentralized in Brazil. This comes after the Brazilian Supreme Court banned Elon Musk’s X. Hoskinson emphasized his commitment to freedom of speech when he announced his plans.

The consequences of censorship, and why decentralization is important. Although Brazil has silenced the voices of our brothers and sister on X, we will still be able to benefit from their work. We will see their delegates at the convention, and I can not wait to recruit many Brazilians to help us… https://t.co/MkHb5NMOwd

Charles Hoskinson, (@IOHK_Charlie) August 31, 2024

Many of the 20 million Brazilian users of X are now unable to access it. Musk refused to name a legal representative who would communicate with the Brazilian government. The platform was accused of allowing hate speech, racism and anti-democratic material to spread. The court’s actions led by Minister Alexandre de Moraes resulted in X being suspended and a directive that it be removed from app stores within 5 days.

Elon Musk’s response to the ban was to remind users that X is still accessible via its website and to advise them to use a VPN in order to bypass the block. Elon Musk also criticised Brazil’s Supreme Court Judge Alexandre de Moraes who was responsible for the ban, accusing him that he overstepped his authority in an ongoing investigation into online hatred speech.

Just a reminder that you can always access this platform via https://t.co/bOUOek5Cvy, even on your phone. No app is required.

Downloading a VPN is also a good idea in case your account gets blocked.

Elon Musk (@elonmusk), August 30, 2024


Hoskinson’s platform is a response to the challenges posed by centralized social media platforms, especially in regions where government intervention is increasing. His project is seen to be a direct reaction to the challenges presented by centralized social media, especially in areas where government intervention is on the rise. The move highlights the importance of decentralized technology in ensuring free speech.

This development comes at a time when Cardano is preparing for a major change in governance with its new Constitutional Committee. The decentralized network is likely to be a key factor in shaping the future social media in Brazil, in line with Cardano’s mission to create secure and decentralized solutions.

This site is for entertainment only. Click here to read more

You May Also Like:

  • Venezuelan media crackdown: More than 400 outlets…
  • US ban on Brazilian visas sparks diplomatic rift and…
  • Pavel Durov Is Under Formal Investigation – The…

You Might Also Like

Analyst: Ripple’s RLUSD Stablecoin could enter the top 5 by 2025.

Stock Market Appears To Be Bottoming, Says Morgan Stanley’s Dan Skelly – Here’s Why

Feds charge an Atlanta man for allegedly applying for over $3,390,000 of fraudulent small business loans during COVID

Litecoin increases as inflows of digital assets reach $901 Million

Billion-Dollar Bank Handing $1,500,000 To Current and Former Customers To Settle Class Action Lawsuit Over Data Breach

Share This Article
Facebook Twitter Email Copy Link Print
Previous Article Big Tech continues to invest in AI: is this good news for Bitbot?
Next Article After a weak June, the economic growth of Chile accelerated by 4,2% in July.
Leave a comment

Click here to cancel reply.

Please Login to Comment.

Stay Connected

TwitterFollow
- Partnered Content -
Ad image

Latest News

Strategy (MSTR) stock jumps 16% as Bitcoin rally pushes holdings to profit
Financial Market News
BTCC Exchange Launches SpaceX Pre-IPO Perpetual Futures Trading and Celebrates with Tesla Cyberbeast Giveaway
Cryptocurrency News Press Releases
Paraguay Police Bust Teen Crypto Hack Gang Behind Million-Dollar Theft
Cryptocurrency News
Is the S&P 500 surge built on conditioning, plumbing, and illusion?
Economic News
//

We support the traditional finance investor’s journey into the cryptocurrency space, using education and traditional terms. Get involved in crypto directly or through adjacent stocks and funds. Time to get off the sidelines.

– Sponsored Spotlight –

Get Around

  • Home
  • Headline News
  • Spotlight Stories
    New
  • Economy
  • Step Into Crypto

Get Involved

  • Advertise With Us
  • Join Us
    Hot
  • My Bookmarks
  • Privacy Policy & Legal Disclaimer
  • Contact US
2024 Investor's Crypto Daily | InvestorsCryptoDaily.com | Privacy
Welcome Back!

Sign in to your account

Lost your password?