Cardano Founder Hints at Major August Release

Cardano founder Charles Hoskinson recently hinted at a significant release scheduled for mid-August. This announcement, however, does not pertain to a network upgrade, although the Cardano network is set to undergo several improvements in the coming weeks, starting from August.

Hoskinson's tweet provided an update on the audit report for Input Output (IO) ADA holdings, which is connected to the upcoming release. He mentioned receiving the first copy of the audit report and requested additional details and context in several areas. Hoskinson expressed confidence that the project is on track for a mid-August release, assuming the current pace of work continues without delays.

Hoskinson emphasized his commitment to transparency by announcing plans to read the entire audit report live via livestream once it becomes available. Additionally, a dedicated website will be launched to house the audit report and historical artifacts from the initial ADA sale, providing the crypto community with access to previously unseen facts and documents. Further updates will be delivered by an IO team member in early August.

Input Output engineering (IOE) has outlined a proposal for the second half of 2025 through the first half of 2026, focusing on continued support for the Cardano codebase and infrastructure. This includes fixing issues, addressing technical debt, and improving performance. The proposal highlights roadmap priorities for scalability, usability, and interoperability, as well as key developments aimed at enhancing Cardano's core infrastructure, smart contract capabilities, and user experience.

Some of the key developments mentioned in the proposal include Hydra (Cardano's Layer-2 scaling solution), Mithril, Leios (increasing network throughput), Plutus (enhancing smart contract capabilities), and nested transactions (Babel fees). The proposal also intends to promote the completion of Hydra v1.0 on the mainnet, ongoing efforts toward a lightweight node, and interoperability with Bitcoin Lightning, as well as a comprehensive audit of Cardano's Layer-2 state channel solution.

This comprehensive plan, combined with strong proposals from the larger developer community, is intended to drive Cardano forward, contributing to a holistic vision for the platform's future. The upcoming release in August is expected to be a significant milestone for the Cardano network, potentially bringing about game-changing developments for ADA holders and the broader crypto community.