Cardano transfers core development to external teams for decentralization

Cardano developer Input Output is transferring control of its core blockchain infrastructure to external teams, marking a significant step in the network's decentralization. This transition includes Cardano's Haskell node, Plutus smart-contract platform, Daedalus wallet, Hydra scaling technology, and developer relations. Specialist companies such as Se7en Labs and Teragone will assume responsibility for various components, with the handover starting in August and continuing until 2027. Input Output has already decentralized protocol decisions and governance to the community, and this next phase aims to distribute the development and maintenance of the software. The plan involves independent teams managing at least three Cardano implementations in Haskell, Rust, and Go, with oversight from organizations like Intersect and Pragma. Input Output will shift its focus towards research and new ventures through IO Labs and IO Ventures. This announcement comes amid declining network activity, with Cardano's total value locked at 70000000 dollars, significantly lower than competitors like Tron and Solana. The value of Cardano's native token, ADA, has also dropped to about 0.16 dollars, nearly 95% below its peak of 3.10 dollars in September 2021. CEO Charles Hoskinson acknowledged the challenges facing the network and emphasized the need for specialized teams to set targets and direct resources. The move aims to lessen Cardano's reliance on Input Output and assess the capability of independent teams to maintain software without hindering development.

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