Cardano has joined the globally recognized Linux Foundation in the capacity of a Gold Member.
We are excited to welcome the Cardano Foundation as a Linux Foundation Gold Member. Welcome to our global #opensource community @Cardano! https://t.co/0lMKPvg9Gc #Cardano #Blockchain #OSSummit pic.twitter.com/K3uQ61o22X
— The Linux Foundation (@linuxfoundation) June 22, 2022
Cardano has been a major force in the crypto and blockchain industry. The company has managed to keep upgrading its network, with the next upgrade, dubbed the Vasil upgrade, slated for the near future. Now, Cardano has taken a step to join the Linux Foundation.
The Linux Foundation is a non-profit organization dedicated to supporting a free code society via sharing of innovation and resources in an open source setup. Software companies contribute a great deal to this goal, and that’s why Cardano is joining the foundation.
Following the decision to admit Cardano, the Linux Foundation took to Twitter to announce the development. The Cardano community is overjoyed with the news. Earlier on, a clip from a recent event at the foundation was retweeted by Cardano’s community handle on Twitter.
What It Means For Cardano
Joining the Linux Foundation is a great play by Cardano in terms of publicity and acceptance as a global force regarding blockchain development. The company’s developer team, IOHK, has made a name as one of the strongest coding teams in the world. This is especially apparent from the many upgrades that the Cardano network has undergone over the past few years.
The move will also popularize Cardano’s products and possibly affect ADA’s price upwards in the future. However, the effects of ADA may not be felt now because of the prevailing harsh market conditions.
– Advertisement –
Disclaimer
The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.
Source: https://thecryptobasic.com/2022/06/22/cardano-bags-gold-membership-in-the-linux-foundation/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-bags-gold-membership-in-the-linux-foundation