Cardano's founding developer is letting go. Input Output announced Friday it will hand control of core blockchain infrastructure to outside specialist firms, beginning in August—the Haskell node, Plutus smart-contract platform, Daedalus wallet, and Hydra scaling technology are all going to external hands.
The firms taking over include Se7en Labs, a development agency with a Solana infrastructure background, and Teragone, a cryptographic research team that already leads development of Mithril, Cardano's stake-based signature protocol. At least three independent node implementations in Haskell, Rust, and Go will run in parallel, overseen by community bodies Intersect and Pragma. The transition runs through 2027.
Founder Charles Hoskinson called it the final push of the Voltaire era, the governance and decentralization phase Cardano has been building toward since 2024. "Our partners are ready, and the ecosystem now has many diverse options," he said in the IOGroup announcement.
Cardano's protocol and governance are already decentralized. Now its engineering is too.
For Input Output, the handover closes a chapter. The company will shift focus to research and new ventures through IO Labs and IO Ventures, leaving the community to prove whether a decentralized engineering model can move faster than the one it's replacing.
Should you buy the dip?Based purely on the charts, probably not on impulse. ADA hasn't come close to matching its 2024 highs near $1.20, and the charts aren't encouraging: The coin has been grinding lower since August 2025, with the 50-week exponential moving average below the 200-week.
The Relative Strength Index, or RSI, is sitting at 34. RSI measures momentum on a scale from 0 to 100, where above 70 is overbought and below 30 is oversold. The ADX, or Average Directional Index, measures trend direction and it’s pointing at a strong bearish long-term trend. Buying here is a leap of faith, not a conviction trade.
That said, ADA has surprised traders before. If Van Rossem delivers on its cost-reduction promise, Leios arrives on schedule, and decentralized engineering turns out to be more productive than the status quo, those holding at 16 cents could be looking at serious upside.
