Cardano Co-Founder Announces Partner Chains

Charles Hoskinson, the co-founder of Cardano blockchain, has introduced a new framework, Partner Chains, claiming it could revolutionize the launch and operation of new blockchains.

Hoskinson, the CEO of Input Output Global (IOG), is considered one of the most visionary leaders in the Web3 realm.

Nevertheless, despite its potential, Cardano, as a blockchain, has yet to pique the interest of developers in the same way that some of its competitors, like Ethereum and Bitcoin, have successfully done.

Indeed, IOG, also known as Input Output Global, serves as the parent company of the Layer 1 blockchain, Cardano.

Cardano Partner Chains Will Use Polkadot Technology

According to an IOG blog, Hoskinson discussed a new framework allowing modular blockchain technology to utilize Cardano’s offerings. The blog explains:

“With partner chains, networks will have the power to build their own computation layer leveraging a modular framework and existing components, yet still leveraging the Cardano Settlement Layer for settlement across chains.”

IOG’s blockchain, Midnight, which focuses on safeguarding sensitive commercial and personal data, will become one of the first blockchains to utilize the Partner chain framework.

Read more: Top Web3 Privacy Challenges and How to Overcome Them.

Cardano’s parent company firmly believes that this framework has the potential to revolutionize the launch and operations of new blockchains. Recognizing this potential, IOG plans to utilize Polkadot’s Software Development Kit (SDK) – Substrate stack for Partner chains.

Even as Cardano is rolling out new technologies, interestingly enough, the data shows that developer activities have significantly declined in the last 365 days.

However, the screenshot below shows that the core developers have declined by 13.7% in the past 365 days, and eventually, the code commits have also declined by 26.1%. Token Terminal defines core developers as:

“Number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days.”

Read more: How To Buy Cardano (ADA) and Everything You Need To Know

Do you have anything to say about the Cardano Partner Chains or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.