- IOHK set to launch a game-changing Bitcoin DeFi Toolchain.
- This Toolchain is set to unify the crypto space and allow for greater collaboration.
- Blockchain developers should be able to save a lot more time with this Toolchain.
Taking the crypto space by storm today is the new announcement by IOHK. The engineering company that builds blockchains for academic institutions, government entities, and corporations under the leadership of the Cardano Blockchain reveals bullish news. In detail, IOHK set to launch a game-changing Bitcoin DeFi toolchain set to unify the crypto space and allow greater innovation and collaboration between blockchains.
IOHK Set to Launch a Game-Changing Bitcoin DeFi Toolchain
The Cardano blockchain is highly revered as it is recognized as the only truly decentralized blockchain in the crypto space at the moment. This accomplishment was delivered after a 10-year-long journey led by Cardano’s Founder, Charles Hoskinson. The reputed leader began his journey with one goal, to create a truly decentralized blockchain that would also be interoperable, so developers can collaborate across all chains and innovate to make the world a better place.
This mission was a slow and grueling one as Hoskinson was never willing to compromise any quality for the sake of time. He and the team endured research-heavy peer-based reviews before moving on to the next upgrade that would elevate the Cardano ecosystem to its next phase. Now, these final phases are finally upon us, and the Cardano and crypto community could not be more thrilled.
One of the many accomplishments of the Cardano ecosystem since the last bull cycle is that developers can now launch smart contracts, interact with other chains, experience Solana-style speeds, mint NFTs, and launch DeFi protocols, among many other updates. The team has also been steadily working on the Midnight Sidechain as well, ensuring that users will enjoy heightened privacy and interoperability in the coming days ahead.
Besides the ‘Glacier Airdrop’ around the Midnight Sidechain launch, Cardano is also eager to announce the launch of its game-changing Bitcoin DeFi Toolchain. As we can see from the post above, the Bitcoin DeFi toolchain, allows developers to tap into the existing Cardano and ADA smart contract infrastructure. This means that developers will not have to start from scratch.
The Increasing Price of ADA
Amidst all this success, the price of Cardano’s native token (ADA) has been growing steadily. According to CoinMarketCap data, the price of ADA currently sits at $0.8, boasting a total market cap of $28,620,966,556.4 and a 24-hour trading volume of $2,430,801,679.66. The asset is up almost 40% over the past month and up almost 100% over the past year. Lastly, the altcoin is only under 75% away from its previous ATH price of $3.1, which analyst expect to be beaten this altseason.
