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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

This is Why Cardano Has Seen a “Huge” Spike in Developer Interest

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
Cardano ADA ADAUSDT

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Tim Harrison, Marketing and Communications Director at Input Output Global (IOG), Cardano’s developer company, published a job advertisement for a Data Engineer, Consulting Lead, Java Consultant, Solutions Architect, and other positions at this company.

The applicants will have the opportunity to, according to Harrison, become part of a new “dedicated team”. Their objective will be to support Cardano’s growing community.

In addition, IOG’s new team will help brim Cardano’s user “on board” as the platform approaches its third Hard Fork Combinator (HFC) event “Alonzo”. With a tentative deployment date set for Q3, 2021, Alonzo will integrate Cardano’s smart contract platform Plutus.

Harrison said the network is currently experiencing an increase in developer’s interest:

As we draw ever closer to rolling out #smartcontracts on #Cardano, we’re seeing a HUGE spike in developer interest. Exciting times. So we’re building a new dedicated team to help properly serve this fast-growing community & help bring them on board.

Per IOG’s announcement, Cardano’s developer has around 300 employees. Distributed in over 50 countries around the world, the company claims to embrace different cultures and people. The company states the following:

We aim to make collaboration between diverse people fun, exciting, and always rewarding. Many companies say they ‘think outside the box’ – for IO Global it’s more, ‘we think outside the geography’.

IOG doubles down on Cardano’s Ouroboros Omega

Alonzo is the last of 3 HFC, IOG began to implement them and Cardano’s smart contract capabilities with “Allegra” back in 2020. Later, “Mary” was rollout along with the platform’s native tokens functionality.

When Plutus goes live on the mainnet, IOG and Cardano’s community will achieve an important milestone. The smart contracts will expand the network’s use cases and could bring a new wave of users and developers seeking to leverage its features.

After, as Cardano’s inventor Charles Hoskinson stated, the company will focus on developing Ouroboros Omega. Hoskinson revealed via his Twitter handle on April 18th, an additional $1.5 million for this project’s budget. Therefore, its development and delivery will be accelerated.

Ouroboros Omega will be the improved version of Cardano’s current consensus mechanism. Little has been revealed on the update, but it could give this network more security, fast finality, more throughput, and scalability.

ADA is trading at $1,24 with 2.7% losses in the daily chart. In the weekly and monthly chart, ADA has 1.9% and 4.7% losses.

Cardano ADA ADAUSDT
ADA with small losses in the weekly chart. Source: ADAUSDT Tradingview

Trader Justin Bennet expects ADA’s price to see a similar price action as in August 2020. At that moment, the cryptocurrency when through a correction and took enough impulse to reach its current price, as shown in the chart below.

Cardano ADA
Source: Justin Bennett
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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