The Cardano project is backed by Input Output Hong Kong (IOHK) and the development company recently released the maiden edition of its eBook. The Plutus eBook as it is called is the first of its kind and will be available for purchase on LeanPub and Amazon.
Cardano (ADA) Price Today – ADA / USD
The book is a guide to the Plutus programming language used by the company. Its main aim is to simplify the process of developing on the Cardano network.
Simplifying The Development Experience on Cardano
IOHK chose to create and also publish this guide on its programming language after the huge success the Haskell based programming language enjoyed. The news came to public knowledge when the company announced via its social media channels on July 31.
In another blog post, IOHK commented about the new release. The guide was created to simplify the development experience on Cardano. The authors of the book are Polina Vinogradova and Lars Brünjes and they said the goal of the good is to ease the process for people who want to write high assurance smart contracts with Plutus.
Also, the news Plutus eBook would contain all the information an individual would need such as how the blockchain and smart contracts interact. It also contains working code examples with explanations to go with them. Also, the book provides a full overview of the accounting process in the Cardano network according to Vinogradova.
Plutus Aims to Bring More Users Into the Cardano Ecosystem
The programming language will definitely be a good tool in the accelerator lab of Cardano’s blockchain. The Plutus eBook release is a part of the IOHK’s plan to draw more users to the Cardano ecosystem. The venture and commercial arm of Cardano, Emurgo recently launched a blockchain accelerator hub with SOSV called dLab blockchain accelerator.
The venture capital firm, SOSV is an international company with over 800 subsidiaries. Also, it has more than $650 million in assets under management. The company’s work on dLab is the first blockchain partnership program it is encountering. However, it has founded other accelerator startups. In the past, SOSV has worked with IndiaBio, Hax, RebelBio, Chinaccelerator, as well as Food-X. these startup labs are located around the globe and are focused on developing hardware and tech companies.
The SOSV program with Emurgo aims to provide seed funding as well as mentorship to crypto and blockchain-focused startups. It supplies grants of about $200,000 with a 14-week intensive co-located programming. The benefits of such grants and programs are usually given to young blockchain startups. Also, dLab has a fellowship program for funding selected individuals. The program lasts for 6 months to 1 year and exposes the members to new areas in decentralization.
How ADA Price Is Responding to The Recent News
ADA is trading at $0.058007 at press time according to Coin Market Cap. The coin is the 11TH largest cryptocurrency by market cap. Its market cap is $1,503,963,026 with a 24 hour trading volume of $50,609,969. The coin has lost 0.34% of its value in 24 hours. It failed to follow top altcoin as they rally. how high can ADA price go with these positive developments in the sphere?