Crypto
Cardano to transfer control of core infrastructure to external teams
Cardano developer Input Output will transfer control of key blockchain infrastructure to external teams as part of efforts to decentralise the network. The handover covers the Haskell node, Plutus smart-contract platform, Daedalus wallet, Hydra scaling technology and developer relations. SevenLabs and TeraGon will take on parts of development, with the transition starting in August and running through 2027. The announcement comes as Cardano faces weak network activity and a sharp drop in ADA.
