Overview
- Input Output announced on Friday that it will begin transferring control of Cardano’s core engineering to external specialist firms starting in August 2026 with the handover running into 2027.
- The handover covers the Haskell node, the Plutus smart‑contract platform, the Daedalus wallet, Hydra scaling tools, and developer relations, with Se7en Labs and Teragone named as early participants.
- Community bodies Intersect and Pragma will oversee formal specifications and a plan to maintain at least three independent node implementations in Haskell, Rust and Go to avoid a single‑client failure.
- The Van Rossem upgrade to Protocol Version 11 is set to go live on July 18, 2026 and is expected to cut smart‑contract execution costs through new Plutus built‑ins.
- Cardano’s engineering handover comes as on‑chain activity is weak (TVL near $70 million and ADA around $0.16) and IO shifts resources toward IO Labs and IO Ventures, so the next 12–18 months will show whether decentralised teams boost development or fragment coordination.