Cardano
$0.03604 -2.87%
ADA · 17w

Charles Hoskinson Says Cardano’s 1.6 Update Will Take Off in a Few Days

According to reports, Cardano has entered a collaborative process with Konfidio. The Zug-based Cardano Foundation made the announcement on August 15. The platform revealed that it had entered a strategic partnership with the Berlin-based Blockchain firm, Konfidio. This is yet another milestone for the Cardano Blockchain as it pushes for more adoption and use cases.

Cardano (ADA) Price Today – ADA / USD

Name Price Cardano $0.047 0.622% What we know About Both Firms

Concerning the two firms involved in the accord, the development of Cardano’s platform is actually determined by the below organizations:

The Cardano Foundation: this arm is responsible for overseeing the development of Cardano itself and its ecosystem. It also oversees the protection and promotion of Cardano, along with advocating on for users and the Cardano community. Input Output HK (IOHK): this arm holds the responsibility of designing and building the Cardano platform. Emurgo: this is the for-profit arm of the Cardano Foundation. Its responsibility involves working to improve Cardano’s ecosystem by means of commercial initiatives.

All in all, the primary responsibilities of the Cardano Foundation include driving the adoption of Cardano itself, growing the global Cardano community, shaping legislation and commercial standards for the network, making sure of stakeholder accountability, and pushing for strategic partnerships.

Konfidio

As for Konfidio, Cardano’s new strategic partner, the company was founded in 2016. Konfidio is Berlin-based firm. It is a Germany based Blockchain expert. Hence, Konfidio can be described as:

A Blockchain accelerator solution which is known as KAP. A Blockchain venture studio that has ventures ranging from decentralized energy platforms to micro-insurance to platforms. Both or all of which are using the Kstack-based technology in house” What you need to know about the Partnership

Speaking via a blog post that was pu...

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