01 - In a small bowl, whisk together the hot sauce, honey, soy sauce, smoked paprika, cayenne pepper, and garlic powder until smooth and well combined.
02 - Using a sharp knife, make shallow diagonal cuts about 1/4 inch deep along the length of each hot dog. This helps the marinade penetrate and ensures even cooking throughout.
03 - Generously brush each scored hot dog with the marinade on all sides, then set aside for 10 minutes to allow the flavors to absorb while you prepare the toppings.
04 - While the hot dogs marinate, julienne the carrot and cucumber into thin matchstick strips, finely chop the red onion, and roughly chop the fresh cilantro. Set aside.
05 - Preheat a grill or grill pan over medium heat. Place the marinated hot dogs on the grill and cook for 7 to 8 minutes, turning every couple of minutes with tongs, until nicely caramelized and heated through.
06 - Split the hot dog buns and place them cut-side down on the grill for about 30 seconds to 1 minute, until golden and lightly crisp. Watch closely to avoid burning.
07 - Place each grilled hot dog into a toasted bun. Layer on the shredded cheddar cheese so it melts slightly from the heat, then top with pickled jalapeños, chopped red onion, julienned carrot, and julienned cucumber.
08 - Drizzle with mayonnaise if desired, scatter the fresh cilantro over the top, and serve immediately while hot for the best texture and flavor.