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Input Output begins Cardano decentralization handover for core tech
The transfer starts in August and will run through 2027, ahead of the July 18 Van Rossem hard fork that activates Protocol Version 11.
Input Output will begin transferring control of Cardano’s core infrastructure to outside specialist teams, starting in August and continuing through 2027, Decrypt reports.
The handover covers the Haskell node, Plutus smart contract platform, Daedalus wallet, and Hydra scaling technology. External partners taking over include Se7en Labs and Teragone, with multiple independent node implementations in Haskell, Rust, and Go planned to run in parallel under community oversight by Intersect and Pragma.
The move is timed just before the Van Rossem hard fork activates on July 18 at 21:44 UTC, taking Cardano to Protocol Version 11 and adding new Plutus built-in functions intended to cut smart contract execution costs. Decrypt adds that the upgrade was ratified on July 13 with 77.63% approval from delegated community representatives.
Cardano’s token, ADA, was up about 2% to around $0.165 on Friday, but still remains nearly 95% below its 2021 all-time high, according to the outlet. Decrypt also notes that Cardano has a roughly $6 billion market capitalization and that open interest in ADA futures sits around $193 million, with a long-to-short ratio of 2.84.
For Input Output, the handover marks a shift in focus toward research and new ventures through its IO Lab, Decrypt reports. Founder Charles Hoskinson described the effort as a final push toward full decentralization of node and engineering as part of Cardano’s Voltaire governance and decentralization phase.