Input Output Group (IOG), the leading developers behind the Cardano (ADA) blockchain, have officially handed over control of a Haskell-written network node to the community.
According to IOG, "The protocol and governance of Cardano are already decentralized. Now its development is decentralized too." This transition marks a significant shift as part of the final phase of the Voltaire era.
Charles Hoskinson, the founder of Cardano, emphasized that this move represents the culmination of efforts that began in 2024, where IOG and its partners have been managing the transfer process. The full control transition is anticipated to be completed by 2027, involving various independent firms that will support at least three implementations of Cardano utilizing Haskell, Rust, and Go programming languages.
This change coincides with the imminent launch of the Van Rossem hard fork, scheduled for the evening of July 18. The upgrade, which received a 77.63% approval rate from voters, will elevate Cardano to protocol version 11 and bring enhancements to Plutus, aiming to lower smart contract execution costs. Following the announcement, ADA saw a positive market reaction, increasing by nearly 4% to $0.16.
