Cardano Pumps as Network Moves to Further Decentralize Development

An important story is making waves across the blockchain ecosystem. In brief Input Output will transfer control of Cardano's Haskell node, Plutus platform, Daedalus wallet, and Hydra scaling tool to outside specialist companies starting in August, with the full transition running through 2027. The handover comes one day before the Van Rossem hard fork activates on July 18 at 21:44 UTC, taking Cardano to Protocol Version 11 and cutting smart contract execution costs.

ADA ticked up about 2% to roughly $0. 165 on Friday, but remains nearly 95% below its 2021 all-time high.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.