tl;dr
Cardano founder Charles Hoskinson has outlined the focus areas for Input Output Global (IOG) in the coming year. These include addressing Bitcoin DeFi, developing the Midnight Network, and expanding Partnerchains. The protocol aims to enhance privacy-centric innovation in Web3 and is seeking partner...
Cardano founder Charles Hoskinson has outlined the focus areas for Input Output Global (IOG) in the coming year. These include addressing Bitcoin DeFi, developing the Midnight Network, and expanding Partnerchains. The protocol aims to enhance privacy-centric innovation in Web3 and is seeking partnerships with protocols like Algorand. Additionally, there is speculation about potential collaborations with Ripple's XRP.
The community is also monitoring the impact of these upgrades on the price of ADA, Cardano's native token, which is currently at $0.8567 and is expected to reclaim $1.20 in the short term.
The Cardano founder highlighted the protocol’s other focus, including Midnight and Partnerchains. All year long, the Cardano ecosystem has focused on developing the Midnight Network, a protocol it believes is essential to restoring privacy-centric innovation in Web3.
In addition, Cardano has highlighted its complete focus on Partnerchains as a means of expanding the blockchain ecosystem further. One of the protocols it attempted to woo as a partnerchain is Algorand. While there has been no confirmation of a partnership in recent months, the possibilities remain open in 2025.
Charles Hoskinson and Ripple CTO David Schwartz have also recently discussed Midnight Network and XRP. Many in the community speculate that a potential partnership might be in the works. Meanwhile, Cardano also plans to focus on all the dApp upgrades, Midgard and what Charles Hoskinson said is some extra magic called "the fire rises."
Amid the planned upgrade, the community is also partly focused on the impact on the price of ADA, the blockchain’s native token. At the time of writing, the coin was changing hands for $0.8567, down by 2.11% in the past 24 hours. Overall, the planned upgrades are poised to enhance the attractiveness of Cardano as a protocol, fuel the adoption of ADA, and set the pace for price growth in the long term. In the short term, ADA price has the historical backing to reclaim $1.20 in the coming weeks.