• Hoskinson has unveiled an entirely novel framework called Partner Chains.
  • The price has been witnessing upsurge in recent weeks and is up 12.62% in the last 7 days.

Cardano blockchain co-founder Charles Hoskinson has unveiled an entirely novel framework called Partner Chains, which he claims will completely alter the way new blockchains are created and run in the future. An IOG blog reports that Hoskinson proposed a new framework for integrating Cardano’s offerings into modular blockchain applications.

Some of the most well-known cryptocurrency projects and their respective team have come together for the Cardano Summit 2023 in Dubai. As Cardano approaches a crucial period of growth, speakers, creators, and the community will share their thoughts on the expanding industry and the trajectory of the network and blockchain technology throughout the course of the three-day event.

Hoskinson spoke at length on the “Past, Present, and Future” of the blockchain. Using his famed whiteboards, Hoskinson explained the “strategic pillars” guiding Cardano’s progress. The co-founder also elaborated on the network’s trajectory toward self-amendment capabilities by outlining forthcoming additions like Hydra for scalability and governance tools like 1694 and Intersect.

Bulls in Control

At the time of writing, Cardano (ADA) is trading at $0.32, up 1.12% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 5.39%. The price has been witnessing upsurge in recent weeks and is up 12.62% in the last 7 days.

If the price manages to go above $0.33 recent high then it will likely test $0.36 resistance level. On the other hand, if the bears drive the price below $0.30 support level, then price will likely test $0.29 level. Further decline will likely see price testing $0.28 support level.