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<p class="et_pb_module et_pb_post_content et_pb_post_content_0_tb_body"><img src="/site/uploads/2022/Jun/09/EMURGO-Cardano-Foundation-Release-Decentralized-Applications-Tool-Stack-Developers-1280x720.jpg" alt=""><br></p><p>EMURGO and the Cardano Foundation today announced the release of a decentralized applications tool stack or<span>&nbsp;decentralized application backend (DAB) solution</span>, for Cardano’s Web3 developer community.&nbsp;</p><p>The joint project was originally&nbsp;<a href="https://emurgo.io/blog/emurgo-and-the-cardano-foundation-launch-project-to-develop-new-decentralized-applications-tool-stack" target="_blank" rel="noreferrer noopener">launched</a>&nbsp;in January 2022 with technical support from&nbsp;<a href="https://fivebinaries.com/" target="_blank" rel="noreferrer noopener">Five Binaries</a>&nbsp;– an infrastructure development company focused on creating customized, highly reliable blockchain solutions, under the Apache Software License 2.0 publicly on GitHub and hosted by the Cardano Foundation.</p><h2>What is the DAB?</h2><p>To date, there is a lack of open-source Plutus application backends available to Cardano developers.&nbsp;</p><p>The newly released DAB solution is an MVP (Minimum Viable Product) that provides an&nbsp;<span>open-source alternative</span>&nbsp;for Cardano developers to build decentralized applications (dApps) on Cardano’s blockchain, and also serves as an index, a common infrastructure for core integration components to launch a dApp.&nbsp;</p><p>As the DAB solution is a Cardano community-based open-source tool, it enables the Cardano Web3 developer community to collaborate on developing common infrastructure.</p><h2>What benefits does the DAB provide to Cardano developers?</h2><p>Using this open-source DAB:</p><ul><li><span>dApps</span>&nbsp;and&nbsp;<span>wallets</span>&nbsp;will be able to connect to Cardano&nbsp;<span>without a full node</span>; the DAB is a lightweight solution that allows easy interaction with smart validators on the Cardano blockchain.</li><li>Developers can easily deploy a dApp to&nbsp;<span>read or write smart contracts on Cardano</span></li><li><span>A variety of dApp use cases</span>&nbsp;are able to easily be deployed on Cardano when needed to read and interact with the Cardano blockchain.</li><li>Enables&nbsp;<span>faster and more flexible integrations</span>&nbsp;to support&nbsp;<span>dApps</span>&nbsp;and&nbsp;<span>wallets&nbsp;</span>to further grow the developer community and diversifying the level of quality on-chain activity on Cardano.</li><li>Allows for a&nbsp;<span>variety of applications</span>&nbsp;to be built by&nbsp;<span>third parties</span>&nbsp;and increases the&nbsp;<span>diversity of options available</span>&nbsp;for developers to build&nbsp;<span>solutions</span>.</li></ul><p>Ultimately, the DAB solution is a toolset that helps Cardano developers easily interact with the Cardano blockchain and collaborate to further build on community-owned resources.</p><h2>How is the DAB different from other tools out there?</h2><p>The DAB is an MVP that is able to integrate with all blockchain connectors and serves as a “building block” or a toolset for the Cardano community to contribute</p><p>Alternatively, it can be looked at as a dApp framework for other components to also be built on top.</p><p>Currently, many other projects are building in what are effectively silos, without any planned interoperability features. This toolset supports standardized components which can be utilized by all DApps, supported by a consensus-driven community framework for sustainable dApp development.&nbsp;</p><p>For more information, please access the Cardano Foundation GitHub repository:&nbsp;<a href="https://github.com/cardano-foundation/dab" target="_blank" rel="noreferrer noopener"><span>https://github.com/cardano-foundation/dab</span></a><span>&nbsp;</span></p><p><span><strong>About EMURGO:</strong></span></p><p>EMURGO is the official commercial arm of Cardano and provides socially impactful solutions to solve some of the most intricate problems of organizations. As a founding entity of the Cardano protocol, EMURGO is able to leverage its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients.&nbsp;</p><p>EMURGO has offices in Singapore, India, and Indonesia, and a roster of global clients &amp; partners. To connect and learn more, visit&nbsp;<a href="https://emurgo.io/" target="_blank" rel="noreferrer noopener">https://emurgo.io</a>.</p><p><span><strong>About the Cardano Foundation:&nbsp;&nbsp;</strong></span></p><p>The Cardano Foundation is an independent Swiss non-profit organization that oversees and&nbsp; supervises the advancement of Cardano and its ecosystem. The Foundation’s core focus is in&nbsp; developing a Cardano adoption strategy through to integration and execution, to enable fast-track value creation for inclusive and equitable growth. As the custodian of the protocol and the owner of&nbsp; the Cardano brand, the Foundation works to drive adoption and partnerships, grow the wider&nbsp; blockchain community, shape legislation, and commercial standards, and ensure stakeholder&nbsp; accountability. Find out more:&nbsp;<a href="http://www.cardanofoundation.org/" target="_blank" rel="noreferrer noopener">www.cardanofoundation.org</a>&nbsp;</p><p><span><strong>About Five Binaries:</strong></span></p><p>Five Binaries is a Prague, Czech Republic based consulting company who have been 100% focused on improving the Cardano ecosystem since day one. The members are all ex-Trezor Suite core developers and previously maintained the backend infrastructure for&nbsp;<a href="https://trezor.io/" target="_blank" rel="noreferrer noopener">Trezor Wallet</a>. The team created the first stake pool on the ITN and second on Mainnet,&nbsp;<a href="https://stakenuts.com/" target="_blank" rel="noreferrer noopener">StakeNuts</a>. They also processed the first Shelley Mainnet transaction. The Five Binaries team are also behind the first oracle solution on Cardano,&nbsp;<a href="https://nut.link/" target="_blank" rel="noreferrer noopener">Nut.link</a>, and developed&nbsp;<a href="https://blockfrost.io/" target="_blank" rel="noreferrer noopener">Blockfrost</a>, APIs which are used to access the Cardano blockchain. Regarding usage and adoption, Blockfrost APIs is a core service used by the ecosystem and has a community of over 10,000 developers that have contributed to over 4,000 projects.</p><div class="et_pb_text_inner"></div>

Cardano Feed

EMURGO and the Cardano Foundation Release Open-Source Cardano Web3 Decentralized Applications Tool Stack

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<p>Kraken, the prominent crypto exchange, has revealed in its <a href="https://kraken.docsend.com/view/mi9zz8t55jzjgzy7">report</a> that Cardano&rsquo;s (ADA) current price movement combined with its daily transactions could be a bullish indicator.</p>
<p>Cardano recovered life with the Shelley hard fork in July 2020, a full 3 years after the blockchain&rsquo;s debut, and saw a massive spike, holding a solid position in the top 5 crypto assets by market capitalization for much of 2021.</p>


<p>While ADA&rsquo;s <a href="https://watcher.guru/news/cardano-price-prediction-why-ada-can-rebound-to-1-40-this-week">price</a> is significantly connected with the volume of network activity, according to Kraken&rsquo;s research, this has not been the case since late 2021, when Cardano&rsquo;s price failed to keep up with the increase in daily transactions.</p>
<p>Cardano&rsquo;s strategy and attitude are considerably different from that of its L1 contemporaries, which could provide them a competitive advantage if advancements go well. Importantly, Cardano is a value-driven project that prioritizes community governance, academic peer review, and high-assurance development.&nbsp;</p>
<p>The team at Kraken sure is bullish on Cardano. The reason for their beliefs is explored below.&nbsp;</p>
<h3 id="h-cardano-s-ouroboros-upgrade">Cardano&rsquo;s Ouroboros upgrade</h3>
<p>Ouroboros is a Cardano-based blockchain technology that uses Nakamoto-style consensus, similar to Bitcoin, in which nodes agree by following the &ldquo;longest chain rule.&rdquo; Unlike Bitcoin&rsquo;s PoW process, which relies on hash power or energy to generate new blocks, Ouroboros leverages the network&rsquo;s token (i.e. ADA) to influence how often a node is chosen to generate new blocks.&nbsp;</p>
<p>In addition to security, Ouroboros&rsquo; design improved throughput as compared to Bitcoin and Ethereum (7 TPS and 15 TPS, respectively), reaching up to 257 TPS at the base layer in early testing.</p>
<p>Moreover, a slashing mechanism is not required on Cardano due to the nature of the Ouroboros protocol. As a result, the staked monies of delegators are not at risk of being seized by the SPO or the network.</p>
<p>Users can continue delegating their ADA to their preferred SPO from within smart contracts, which is a feature unique to Cardano.</p>




<h3 id="extended-utxo-model">Extended UTXO model&nbsp;</h3>
<p>Cardano&rsquo;s accounting model, which refers to how transactions are processed and wallet/account balances are maintained and updated, is one of the features that sets it apart from most other smart contract platforms.&nbsp;</p>
<p>The capabilities and benefits of the UTXO paradigm drew the IOG team to Cardano, but they also wanted to keep Ethereum&rsquo;s programmable smart contract functionality. As a result, Cardano uses the Extended UTXO model, which is an expansion of Bitcoin&rsquo;s UTXO paradigm that allows smart contracts to be used.</p>
<p>The EUTXO model allows users to pay network transaction fees in any user-defined token (e.g. USDC, wBTC, wETH) instead of ADA, which IOG refers to as babel fees.</p>
<h3 id="concerns-regarding-dapps">Concerns regarding dApps</h3>
<p>IOG is creating Marlowe, a smart contract language built on top of Plutus exclusively for financial contracts and designed to be utilized by financial contract professionals who do not have programming abilities, to answer concerns about the dApp community.&nbsp;</p>
<p>Cardano&rsquo;s founding organizations have also partnered with outside development firms like Five Binaries and Runtime Verification to accelerate the development of supporting infrastructure and make smart contract development on Cardano accessible to developers of any language, including Solidity, C++, Rust, and Java.</p>
<h3 id="cardano-s-web3-developments">Cardano&rsquo;s Web3 developments</h3>
<p>Cardano&rsquo;s Web3 ecosystem is currently in the early stages of development. Despite this, the network is home to a diverse set of projects. Cardano&rsquo;s mainnet has yet to see many dApps go live, although smart contracts were launched as part of the Alonzo hard fork in September 2021. Cardano&rsquo;s first DEX, MuesliSwap, became live in early January 2022, and the highly publicized DEX, SundaeSwap, debuted a beta version of its DEX on the network just recently on January 20th.</p>
<p>Part of the reason for the delay in dApp adoption on Cardano is the paradigm shift brought about by the EUTXO model. To accommodate the UTXO architecture, developers must rethink the core logic of many dApps, such as how to construct a liquidity pool for a DEX.</p>
<p>Another important reason for the dApp delay is that developers are waiting for the Plutus Application Backend to be released (PAB). PAB isn&rsquo;t essential for dApps to start, but it does provide a fundamental set of infrastructure for developers to implement basic dApp capabilities including wallet backend infrastructure and blockchain interaction. PAB also facilitates testing and speeds up dApp development.</p>
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Watcher Guru

This is why Cardano can be a major player in 2022

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<ul><li>Cardano Foundation is now boosting the development of Dapps (Decentralized Applications) over Cardano with a partnership with EMURGO.</li></ul><ul><li>The project would be built and maintained by Five Binaries in two stages, namely MVP1 and MVP2, with the beginning step being the creation of a tool stack with a small backend to work as proof of concept.</li></ul><ul><li>Cardano ($ADA) left Ethereum ($ETH) behind based on transaction volume, that too, before the introduction of SundaeSwap.&nbsp; The number of wallets over Cardano has now reached 2.5 million from 190,000.</li></ul><p>As the CEO of Cardano Foundation, Fredrik Gregaard, <a href="https://cardanofoundation.org/en/news/emurgo-and-the-cardano-foundation-launch-project-to-develop-new-decentralized-applications-tool-stack/">said</a> that the development of this tool stack while being in partnership with EMURGO would further enable a robust, inclusive environment for third-party smart contract development on Cardano.&nbsp; This is the first of a series of open-source architectures that the foundation is considering, and they expressed their delightment to get started.&nbsp; The foundation aims to offer support and tools to the community so that they can become future architects.</p>



<p>The Five Binaries, a Czech Republic-based infrastructure development business focused on the Cardano ecosystem, would build, implement, and maintain the project in two stages, namely MVP1 and MVP2.&nbsp; The project&rsquo;s initial step would entail the creation of a generic tool stack that involves a small backend that would work as a proof of concept.&nbsp; Cardano intends to invite developers of the Cardano ecosystem to participate in the initiative&rsquo;s second phase.</p>



<h2><strong>Phase 2 Plans Of Cardano Foundation</strong></h2>



<p>As per the Foundation, concerning the second phase, MVP2, the <a href="https://themarketperiodical.com/2022/01/16/cardano-price-analysis-investors-are-poised-to-invest-in-ada-coin-at-a-high-level/">Cardano</a> Foundation would publically invite various partners and projects from throughout the ecosystem to contribute in some way to the project.&nbsp; At this point, every pull effort to add an additional backend or adapter would be required to fulfil the principles of project development, simultaneously including testing.&nbsp;</p>



<p>Creating a secondary software backend for the Cardano ecosystem is considered necessary.&nbsp; The announcement included that the establishment of a secondary software backend for the Cardano ecosystem is critical because it expands the number of alternatives accessible to developers when building services on Cardano and allows external parties to construct a variety of apps.</p><div>
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<p>The CEO of EMURGO, Ken Kodama, stated that the company completely endorses the establishment of essential Cardano framework components and that they are thrilled to participate in its development by a staff with a proven track record.</p>



<p>Cardano has woken up recently, outperforming sideways markets by 27% over the past week.&nbsp; At the time of writing, Cardano&rsquo;s native token, $ADA, is trading at $1.40 after facing a downtrend of about 7.93% in the last 24 hours. The token acquires a max supply cap of 45 billion, of which 33.53 billion is the circulating supply. The token has an all-time high of $3.10 and is ranked at 5th position by market capitalization.</p>



<h2><strong>Cardano Beats Ethereum!</strong></h2>



<p>Cardano has recently surpassed Ethereum ($ETH) in the volume of transactions before the introduction of SundaeSwap, a much-anticipated decentralized exchange platform on the Cardano blockchain.&nbsp; Cardano wallets increased by over 1,200% year over year, reaching 2.5 million from 190,000, indicating that the cryptocurrency&rsquo;s network is gaining traction, thanks in part to the integration of smart contracts.</p>
                                
	                            
                                                                    
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The Market Periodical

Cardano With EMURGO Launches New Project To Boost The Development Of Dapps

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<p><img width="1024" height="683" src="https://cryptogazette.com/wp-content/uploads/2021/10/121-1024x683.jpg" alt="" loading="lazy" srcset="https://cryptogazette.com/wp-content/uploads/2021/10/121-1024x683.jpg 1024w, https://cryptogazette.com/wp-content/uploads/2021/10/121-300x200.jpg 300w, https://cryptogazette.com/wp-content/uploads/2021/10/121-768x512.jpg 768w, https://cryptogazette.com/wp-content/uploads/2021/10/121-1536x1024.jpg 1536w, https://cryptogazette.com/wp-content/uploads/2021/10/121-600x400.jpg 600w, https://cryptogazette.com/wp-content/uploads/2021/10/121-1200x800.jpg 1200w, https://cryptogazette.com/wp-content/uploads/2021/10/121.jpg 2048w" sizes=" 1024px) 100vw, 1024px" title="121 | CryptoGazette - Cryptocurrency News"></p>
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<p>Last year, Cardano was in the spotlight a lot, and 2022 is said to be the year of ADA as well. Check out the latest move that the project managed to make.</p>
<p>It&rsquo;s been just revealed that the Cardano Foundation is accelerating decentralized application (DApp) development on Cardano (ADA) with the help of EMURGO.</p>
<p>In a new announcement, the Cardano Foundation explained the fact that they are teaming up with EMURGO, the commercial arm of Cardano.</p>
<p>The main goal of this move is to develop a new set of tools to help developers support, maintain, and accelerate DApp growth within the ADA ecosystem.</p>
<p>Cardano Foundation CEO Frederik Gregaard said the following:</p>
<p>&ldquo;The development of this tool stack, in partnership with EMURGO, will further enable a vibrant, inclusive ecosystem for third-party smart contract development on Cardano.This is the first of a set of open-source architecture we are looking at and are excited to push this forward now.&rdquo;</p>
<p>He continued and explained this:</p>
<p>&ldquo;We want to provide tools to and support to the community and to ensure we enable the architects of the future.&rdquo;</p>
<p>As the online publication the Daily Hodl notes, the project is set for two stages, MVP1 and MVP2, which are to be built, maintained and implemented by the Five Binaries.</p>
<p>This is a Czech Republic-based infrastructure development company focused on the Cardano ecosystem.</p>
<h3>ADA price predictions</h3>
<p>Nicholas Merten says that the performance of Cardano (ADA), Ethereum (ETH), and Solana (SOL).</p>
<p>He addressed the fact that over the past month or so, Cardano in its Ethereum pair (ADA/ETH) has rallied over 30%, signaling healthy investor appetite for altcoins even.</p>
<p>He also made sure to highlight the fact that the price action looks uncertain.</p>
<p>&ldquo;We can see that since back in December, about a month ago, ADA/ETH has made about a 33% move here&hellip; You can see here, generally speaking about a 30% move up against Ethereum.&rdquo;</p>
<p>At the moment of writing this article, ADA is trading in the red, and the coin is priced at $1.39.</p>
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