- The company behind Cardano has revealed plans to bring assurance to decentralized applications.
- Cardano’s plan could benefit smart contract developers and end-users by introducing certification levels.
- Cardano’s security checks will ensure that user funds and project reputation is protected from exploits.
Input Output Hong Kong, the software firm that developed Cardano, is developing certification levels to assess the quality of decentralized applications. Cardano’s goal is to secure smart contracts in its ecosystem.
Cardano rolls out future plans for dApps in its network
Cardano network is keen on providing high assurance to investors working with smart contracts. Input Output Hong Kong (IOHK) is keen on receiving source codes of high quality from secure smart contracts that utilize good properties.
The certification by Cardano would ensure that security checks are performed before deployments. Further to avert the threat of an attack, smart contracts would be continually audited and updated.
The steps taken by Cardano could provide benefits to both smart contract developers and end-users. This helps protect investor funds and project reputations from attacks and exploits.
Cardano laid out its future plans at the September 2021 summit. Cardano’s certification program would provide levels of quality for decentralized applications and internal smart contacts.
The firm is working with Runtime Verification, Tweag, Well Typed, Certik, and others. The new Cardano light wallet will be launched with the firm’s certification program.
ICYMI: a new #Cardano certification program aims to drive higher standards in assurance for #DApps and smart contracts.
— Input Output (@InputOutputHK) December 26, 2021
How do we plan to implement it & what benefits will it bring to #smartcontract developers and end users? https://t.co/tsv4IQNMOc
Charles Hoskinson, the founder of Cardano, noted that in 2021 over “two million assets” were issued in the ecosystem. Over 127 projects are currently under development, and nearly 30 of these projects will be launched within the next 90 days.
Hoskinson said,
Next year, what’s going to happen is that a formal open-source project structure is going to be formed, kind of like Hyperledger to Linux. We’re going to see many institutions wired in, and all the people that are currently working on it will be novated over, including me.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.