Why Cardano has seen a “massive” spike in developer interest

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

According to Harrison, the applicants will have the opportunity to be part of a new “dedicated team”. Their goal is to support Cardano’s growing community.

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

Harrison said the network is currently experiencing increasing interest from developers:

As we get 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 serve this fast-growing community well and help get them on board.

According to IOG’s announcement, the Cardano developer has approximately 300 employees. The company is distributed in more than 50 countries around the world and claims to embrace different cultures and people. The company states the following:

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

IOG doubles down on Cardano’s Ouroboros Omega

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

When Plutus goes live on the mainnet, IOG and Cardano’s community will reach an important milestone. The smart contracts will expand the network’s usage scenarios and could bring a new wave of users and developers looking to take advantage of its features.

After that, as Cardano’s inventor Charles Hoskinson said, the company will focus on the development of Ouroboros Omega. Hoskinson disclosed via his Twitter account on April 18th, an additional $ 1.5 million for the budget of this project. 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 about the update, but it could give this network more security, faster finality, more throughput, and scalability.

ADA is trading at $ 1.24 with a loss of 2.7% on the daily chart. In the weekly and monthly chart, ADA has a loss of 1.9% and 4.7%.

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

Trader Justin Bennet expected ADA’s price to see a similar price action to August 2020. At that point, the cryptocurrency was through a correction and was taking enough momentum to hit its current price, as shown in the chart below.

Cardano ADA
Source: Justin Bennett

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