Tag: IOHK

Cardano in El Salvador? Charles Hoskinson Planning State Visit To Gauge Country’s Crypto Ambitions

by Dailyhodl

Cardano founder and IOHK CEO Charles Hoskinson is interested in bringing Cardano (ADA) to El Salvador.

On the heels of El Salvador’s move to embrace Bitcoin as legal tender, Hoskinson is making an effort to bring the smart contract platform to the nation as well.

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Hoskinson says he’s applied for a state visit to El Salvador to discuss the possibility of forming ties between Cardano and the Central American nation.

“Yes, we have been in talks with some officials and parties in El Salvador and I may do a state visit. I sent over all the documentation and requests for that and if so we’ll meet the president but it’s basically going to be in their hands.

We’ve talked to a few people that are in that orbit and they have definitely expressed interest in digitizing the country going beyond just legalizing Bitcoin. So we’ll get a better sense probably in the next 2-4 weeks where that sits and if it’s a proper state visit I’ll actually have a suit made.”

Hoskinson’s plans fall in line with Cardano’s efforts to globalize its activities. IOHK announced a partnership with the Ethiopian government this past April to digitize the identification process in 3,500 schools across the country.

In the future, the blockchain-based national identity system for teachers and students could benefit tertiary educational institutions too.

“The project could ultimately be extended to universities where degrees are also digitally verified on the Cardano blockchain, allowing employers to easily validate the authenticity of applicants’ educational credentials.”

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IOHK Unveils A Cross-Chain Bridge To Connect Cardano And Nervos Chains

by Btcmanager

On June 2, 2021, global blockchain engineering company IOHK announced the imminent launch of a cross-chain bridge that will connect Cardano to Nervos, a China-based public blockchain.

Improving Blockchain Technology 

The bridge, scheduled to launch in the next six weeks, will enable interoperability across both blockchains, furthering their shared objective of finding the blockchain sector’s “Bluetooth moment.” 

The cross-chain bridge, a first for Cardano, marks a watershed moment for the industry as it will link two ecosystems worth billions of dollars. According to IOHK, the launch is significant as it will facilitate users to enjoy a seamless experience when using both networks, regardless of which blockchain they are on.  

Furthermore, crypto enthusiasts will be able to interchangeably transact with Cardano and Nervos’ native currencies (ADA and CKB). Participants will also have the capacity to create their own tokens across both blockchains via a technique called token wrapping.

Cardano’s development team has tapped full-service blockchain accelerator Mousebelt to develop the bridge technology with funding from a Nervos grant. On its part, IOHK will contribute to the venture by offering expertise and resources to connect both networks.

A Truly Interoperable Blockchain Ecosystem 

Dubbed Force Bridge, the new trustless bridge between Cardano and Nervos will herald the era of seamless cross-chain transactions and provide a faster and cheaper alternative to the Ethereum chain.

The bridge, when completed, is expected to cut down on transaction fees across both platforms and eliminate the need for users to possess different wallets to access features from both ecosystems.

Developers from both chains will now be able to access features and services to expand their dApps and user bases. Furthermore, Nervos dev teams will be able to tap into IOHK’s industry-leading token solutions for Cardano and access DeFi applications built on top of the Plutus smart contract.

IOHK CTO Romain Pellerin reiterated the need for such bridges, noting that it was the only way to ensure that users have a seamless experience.

“Similar to how the Internet was built from the interconnection of extranets, we believe that blockchain will achieve mass adoption by interconnecting public blockchain networks,” Pellerin explained.

The Force Bridge enables participants to create digital assets that enjoy all the operational benefits of ADA, allowing blockchain projects to access Cardano’s industry-leading levels of security and scalability.

Nervos’ Next-Generation Interoperability Solution

Nervos is building solutions that support multi-chain apps by linking with multiple blockchains, including Cardano. 

Besides the imminent Force Bridge, the China-based public blockchain has developed various other components in its quest to create an interoperable blockchain ecosystem. For one, the firm has developed PW Core, a pioneering SDK that enables developers to build apps that are accessible on multiple chains. 

They have also rolled out Polyjuice, a cross-chain bridge to ETH that lets dev teams seamlessly move smart contracts from the Ethereum chain to Nervos. 

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Cardano Boosting Manpower To Gear Up for Smart Contract Rollout

by Dailyhodl

Cardano is boosting its workforce as it gears up to introduce smart contract capabilities, according to its creator, Charles Hoskinson.

In a new video update, Hoskinson tells his 195,000 subscribers that his team is hiring for key positions in preparation for Cardano’s Alonzo launch in August, an upgrade that will add smart contract capabilities to the protocol.

“We have internally Alonzo nodes running, the code is running on Alonzo. There’s still lots of bugs and kinks and things to get out and there’s still lots of stability that needs to be improved as expected… And there’s a boatload of things that need to be integrated properly like the wallet backend and we need to make sure that the Plutus application backend is portable. And we are doing everything in our power to make sure that that works in parallel and speedy.

We’ve brought on a lot of extra QA (quality assurance) resources. We’ve brought on a lot of part-time and temp (temporary) dedicated people just to handle specific things. So we upgraded part-time, I should say, to full-time and all these kinds of things.”

The Cardano founder assures that the scalable blockchain has assembled a team to assist in getting projects off the ground.

“Over the next 90 days, we are extremely interested in making sure that those who have viable projects or the potential of viable projects aren’t just left to die on the vines but rather get the support that they need so that they can take those projects to the next level. So part of that is the Catalyst program, and part of that is making sure that we have a broad group of developers who are there to lend a hand with some assistance in this new model and help people get their applications to a ship-ready state.”

Hoskinson, who is also the CEO of Cardano-focused development firm Input Output Hong Kong (IOHK), predicts that the Alonzo upgrade will lead to unprecedented levels of activity at the company and the wider Cardano community.

“So this is probably going to be the busiest 90 days in my company’s history and in the ecosystem’s history.”

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Cardano Expands Influence in Africa, Sparking New Interest in ADA

by Cryptobriefing

Key Takeaways

  • IOHK is developing a new blockchain to serve African nations.

  • Ethiopia will be the first country to make use of the new protocol.

  • Market participants seem to have welcomed the news as Cardano’s ADA token holds on top of stable support.




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The Cardano Foundation is making strides in expanding the utility of the ADA network. The organization recently revealed a new identity solution to improve the education system in Ethiopia.

A Blockchain-Based National Identity

IOHK, the development team behind Cardano, revealed a partnership with the Ethiopian Government to develop a blockchain-based system to track educational progress among students in the nation. 

The minister of education, Getahun Mekuria, confirmed that his agency is interested in taking advantage of the benefits of blockchain technology to help “improve the quality of education.” The identity solution protocol will enable the federal agency to monitor school performance and boost education efforts across 3,500 schools with 5 million students and 750,000 teachers.

By digitally recording and verifying grades, the Ministry of Education will identify areas of under-achievement and allocate resources accordingly.


“Ethiopia’s Sheba Valley is already recognized as the leading AI hub in Africa, 70% of our University graduates are in STEM subjects, and we are now leading the way in using blockchain to digitalize education. This forms a key plank of our National Digital Transformation Strategy and will underpin a uniquely transparent, data-driven education system based on a dynamic curriculum. We believe blockchain offers a key opportunity to end digital exclusion and widen access to higher education and employment,” said Mekuriya.

The blockchain-verified digital qualifications system is expected to reduce fraudulent university and job applications, adding transparency to the Ethiopian workforce. 

IOHK’s Atala PRISM identity solution is still in the early stages of development. The platform will launch in January 2022, according to John O’Connor, IOHK’s director of African operations.

Cardano Sits on Stable Support

The market value of Cardano (ADA) has risen more than 4.30% since the announcement was made, rising from $1.31 to a high of $1.37.



IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model shows that ADA sits on stable support. Roughly 176,000 addresses previously purchased 2.85 billion ADA at an average price of $1.21. 

Such a massive demand wall could keep falling prices at bay in the event of a sell-off. Holders within this range will likely try to prevent their investments from going “out of the money.”

In/Out of the Money Around Price by IntoTheBlock
In/Out of the Money Around Price by IntoTheBlock.

As long as the $1.21 support zone holds, Cardano prices have a good chance of advancing further. Based on the IOMAP cohorts, the only price hurdle that could prove challenging for the bulls is $1.43. At this level, approximately 20,000 addresses hold 240 million ADA. 

Disclosure: At the time of writing, this author owned Bitcoin and Ethereum.

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Cardano Unveils Mobile Internet Partnership, Aims To Bring Connectivity and Digital Identity to 100,000 People in Tanzania

by Dailyhodl

Input Output Hong Kong (IOHK), the company building Cardano, says it’s partnering with blockchain-based mobile network World Mobile Group to bring internet connectivity to people in Africa.

The initiative is starting in Tanzania, where it will give 100,000 people living in rural areas digital access to mobile internet, digital identity, and financial solutions. 

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The project aims to provide 5G internet access and give customers a blockchain-based platform they can use to verify their identity.

It also aims to bridge the gap between the unbanked and financial products like credit, insurance, and loans. 

Says IOHK CEO Charles Hoskinson,

“Taking a stakeholding in World Mobile Group is a further demonstration of our long-term commitment to the African continent…

Through our digital ID solution, Atala PRISM, people who were previously unable to verify their identity, complicating and often preventing access to vital services like healthcare will now be able to do so. Atala PRISM will also allow citizens to provide backup copies of important documents like qualifications or property ownership documents, which can allow returning refugees to reclaim their homes.”

The announcement follows IOHK’s deal with the Ethiopian government to provide a Cardano-based identity solution that can digitally verify grades and monitor the school performance of the nation’s 5 million students.

At Cardano’s Africa special event on Thursday, Hoskinson explained why the firm focuses on bringing blockchain solutions to the developing world as opposed to advanced economies. 

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“You always go where there’s a demand for the products that you build, and if you look at government technology, you look at the way that money works. If you look at the developed society, there’s not as strong of a demand for upgrading or changing in the United  States or the European Union as there are in Eastern Europe, Africa, Southeast Asia, and other places…

Some other parts of the world aren’t moving as quickly, so you don’t do the same thing over and over again. That’s the definition of insanity. What you do is you take a step back, and you say, ‘Okay, how can we compete differently?’ So there’s a much broader set of things you can do, and everything is on the table: new voting systems, new property systems, new payment systems, new ways of identifying people, new ways of trading securities.”

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Cardano Launching Smart Contracts in August, Targeting DeFi Boom and Corporate Use Cases

by Dailyhodl

The development team behind the Cardano blockchain is unveiling new details surrounding its smart contract release.

In the wake of its Mary protocol release this March, Charles Hoskinson’s Cardano is revealing that its Alonzo upgrade will launch this coming August.

IOHK (Input Output Hong Kong), Cardano’s development company, announced this week that the Alonzo upgrade will add support for smart contracts to the Cardano blockchain. The update will allow developers to start building on the Cardano platform – a highly anticipated functionality that the Ethereum network currently possesses.

IOHK notes that the upgrade aims to support businesses and provide support for developers wishing to build decentralized finance (DeFi) dApps.

“Smart contracts mark the next phase in Cardano’s evolution as a worldwide distributed ledger. When supporting everyday business, a blockchain must guarantee that individuals can move their funds and pay for products in a secure way.”

Smart contracts help ensure that a transaction or a purchase is only made when certain conditions are met, allowing for reliable and discreet settlements.

In May and June, IOHK anticipates allowing users to test the new product, which will also allow crypto exchanges and wallets “time to upgrade and prepare for the Alonzo protocol update.”

This year, Cardano’s native token, ADA, has skyrocketed in value by roughly 722% from $0.18 in January to an all-time high of $1.48. The asset is currently trading around $1.19 and holds a market cap of nearly $40 billion.

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Alonzo Upgrade to Launch Soon on the Cardano Platform to Support Smart Contracts

by Btcmanager

According to the newly published blog post that discusses the network’s new features, Alonzo, Cardano’s latest protocol update, will be a game-changer.

The Alonzo Upgrade in Detail

IOHK, the team behind the update, is looking to establish Cardano as the leading smart contract platform. Last month, the group launched Mary, a multi-asset modification that enables users to develop unique tokens for Cardano transactions. 

Introducing metadata for transactions, locking tokens with Allegra in December, and creating native tokens, it is time for the next major step to build on prior capabilities.

According to the Cardano roadmap, the Alonzo upgrade will be live by the summer of this year. Through the update, it will provide Cardano with help for smart contracts – digital agreements. It will offer companies and developers opportunities by enabling smart contracts and decentralized applications (DApps).

Alonzo extends the simple multi-signature scripting language (multi-sig) used in Cardano Shelley by applying a systematic approach focused on formal methods and verification. For more efficient and stable scription options, Multisig will receive an update to the Plutus Core language.

The Alonzo ledger implements the extended unspent transaction output (EUTXO) accounting model to provide powerful scripting.

This development will be implemented using the hard fork combiner technology of IOHK, making Cardano a versatile platform for constructing smart contracts to power business needs.

It means smart contracts based on Cardano are uncomplicated and vulnerable, vital for automated trading applications or massive cash movements.

Developers will have practical Cardano transaction validation experimentation tools to customize them. They will then expand the APIs library so that Plutus Core code on Cardano can be deployed and operated while communicating with wallets and the ledger.

It’s a complex process to deploy Alonzo and after they execute usable smart contracts in the mainnet, the team will further improve the off-chain infrastructure to supply software development kits.

What Cardano Will be Working On

The IO Global team has been progressively combining Alonzo’s rules with a Cardano node and ledger code from March through April. Once Alonzo is complete with the node, Cardano will provide CLI support and working API tools.

The team will work on Plutus production to start a private testnet from mid-April to early May. During this stage, their partners (advanced developers) will test the platform, create and use smart Cardano tokens (NFTs), marketplaces or DApps. The method will concentrate step by step on enhancing the efficiency of the operation.

May and June will be a period for quality assurance and user testing, followed by a 4-week feature freeze. The Alonzo protocol update will be available for crypto exchanges and wallets to have time to upgrade.

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Cardano Unveils Smart Contracts Timeline, Pushing ADA

by Cryptobriefing

Key Takeaways

  • The head of IOHK revealed the rollout plan for the upcoming Alonzo hard fork.

  • Following the announcement, ADA’s price shot up by more than 17.50% and could be heading to retest previous all-time highs.

  • On-chain metrics reveal there is not any significant resistance level ahead of Cardano.




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The so-called “Ethereum killer,” Cardano, is back in the spotlight after its founder announced when the protocol would finally enable smart contract functionalities.

New Cardano Hard Fork Underway

IOHK CEO Charles Hoskinson made headlines after publicly revealing the official roadmap of the upcoming Alonzo upgrade. The new protocol update will come in the form of a hard fork around July or August, bringing smart contracts to the Cardano blockchain.

Hoskinson affirmed that developers would be able to deploy their decentralized applications on the network as soon as late April when the testnet would launch.

“For the first time ever, publicly, people will be able to write smart contracts and deploy them on Cardano,” said Hoskinson.

Cardano's Alonzo Hard Fork Rollout Plan by IOHK
Cardano’s Alonzo Hard Fork Rollout Plan by IOHK

Following the announcement, market participants rushed to exchanges to get a piece of ADA. The buying pressure pushed the token’s price higher, posting more than 17.50% gains in the last 20 hours.


Little Major Resistance Ahead

IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model reveals there is no supply barrier that will prevent Cardano from achieving its upside potential. Based on this on-chain metric, there is only one small interest area between $1.25 and $1.28, where roughly 51,000 addresses hold over 1,40 billion ADA.

This supply wall may have the ability to absorb some of the buying pressure seen recently. Holders who have been underwater may try to break even on their positions, slowing the uptrend.

But if Cardano can slice through this hurdle, it would likely retest the all-time high at $1.50.

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Cardano In/Out of the Money Around Price by IntoTheBlock
In/Out of the Money Around Price by IntoTheBlock

On the flip side, the IOMAP cohorts show that Cardano sits on top of stable support. Nearly 290,000 addresses bought approximately 7.80 million ADA between $1.08 and $1.15. This crucial area of interest suggests that bears will struggle to push prices down. 

Right now, the odds favor the bulls.

Disclosure: At the time of writing, this author owned Bitcoin and Ethereum.

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Cardano Has Reached #3, But Price Gains Are Limited

by Cryptobriefing

Key Takeaways

  • Cardano recently carried out its “Mary” update, enabling developers to issue custom tokens on top of the blockchain.

  • Cardano’s ADA token is now the third largest cryptocurrency.

  • However, ADA’s price gains have been diminished, and investors appear to be cautious about a steeper correction.




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Cardano (ADA) has introduced support for custom assets and become the third largest cryptocurrency. However, investors seem reluctant to purchase the token at current prices. 

Cardano Introduces Custom Tokens

Cardano recently released a new protocol update, “Mary,” which will boost the blockchain’s utility by allowing developers to issue new custom cryptocurrencies on top of the blockchain.

Cardano creator and IOHK CEO Charles Hoskinson called the move “historic,” as it marks the first time the protocol will support customized digital assets. “I have no doubt we will see hundreds of assets, most worthless, some very prominent, launched on the Cardano network,” said Hoskinson.

The upgrade is part of Cardano’s “Goguen” roadmap, which will introduce smart contract features and allow the blockchain to compete more closely with Ethereum.


Waiting on the Sidelines

In the days following the announcement, Cardano has became the third largest cryptocurrency. Its ADA token gained 9.5% over the past seven days, reaching a market cap of $38 billion.

However, despite the significance of the announcement, Cardano’s potential price gains have been supressed, as market participants seem cautious about a steeper crypto market-wide correction.

On-chain data reveals that Cardano’s weighted social sentiment on Twitter has decreased in the week following a recent Bitcoin crash that caused BTC prices to drop as low as $46,700.

From a counter-sentiment approach, the fact that investors are quite pessimistic about ADA despite the recent developments could be considered a positive sign. Historically, prices have tended to trend upwards when social perception is low.


Cardano Weighted Social Sentiment by Santiment
Cardano Weighted Social Sentiment by Santiment

Based on IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model, Cardano’s token sits on top of stable support. Approximately 116,000 addresses had previously purchased over 2.60 billion ADA between the prices of $1.00 and $1.18. 

Such a significant demand barrier could absorb a sudden spike in selling pressure and keep Cardano afloat. Holders within this price range will likely do anything to keep their investments “In the Money.” They may even buy more tokens to allow prices to rebound. 

In/Out of the Money Around Price by IntoTheBlock
In/Out of the Money Around Price by IntoTheBlock

While the odds seem to favor the bulls, IOMAP cohorts show that ADA faces stiff resistance at $1.27. Roughly 65,000 addresses hold 2.9 billion ADA around this price level, meaning that it will take a significant amount of buying pressure to send prices to new highs.

If Cardano manages to break through this supply wall, it will likely resume its uptrend towards $2.00. 

Disclosure: At the time of writing, this author held Bitcoin and Ethereum.

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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