Cardano’s Hoskinson Pitches Free Decentralized Identification Resolution to Musk After SingularityNet Hack

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  • SingularityNet CEO Ben Goertzel's X account was lately hacked.
  • Cardano’s Charles Hoskinson has proposed integrating decentralized identities (DIDs) into X to boost safety.
  • This expertise gives a safe solution to handle private information.

Following the hack of SingularityNet CEO Ben Goertzel's X (previously Twitter) account, Cardano co-founder Charles Hoskinson reiterated his proposal to Elon Musk to combine decentralized id (DID) expertise into the social media platform. Hoskinson claims that DIDs would assist stop fraud and strengthen X's safety.

On Monday, July 15, SingularityNet CEO Ben Goertzel apologized to his followers after his X account was hacked. In an apology posted to X, Goertzel revealed that the hackers had posted fraudulent hyperlinks, a few of which referenced SingularityNET-related crypto tokens, directing followers to rip-off websites.

SingularityNet's CEO has since regained management of the account and suggested affected people to report the incident to authorities to maintain their info protected.

Goertzel mentioned: “I’m working with Twitter and the suitable authorities to research this incident and to forestall this from taking place sooner or later. I urge anybody who has been a sufferer to report the rip-off to the suitable authorities and take the mandatory steps to guard their accounts and private info.”

Following the assault, Hoskinson tagged Elon Musk in X and reiterated his proposal to combine DID expertise to forestall related incidents.

Elon @elonmusk, it’s essential combine DID into X. It will resolve all these issues. Once more, I'll do it at no cost.”

Lately, Hoskinson has tried to get Musk to associate with Cardano, however his efforts have been unsuccessful.

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DID permits customers to retailer their private info in a decentralized id pockets, utilizing distributed ledger expertise maintained by a peer-to-peer community. The system offers customers management over the knowledge they share with corporations and web sites.

This reduces the necessity for websites to retailer delicate information like telephone numbers, bank card info, and many others. Moreover, the answer additionally addresses deepfakes, artificial identities, Sybil assaults, and privateness considerations. Just a few corporations have adopted DID, however Michael Saylor's MicroStrategy is without doubt one of the corporations that has adopted the expertise.

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