Bittime -recently launched PRAGMAcommunity associationThe presence of this association was welcomed by Cardano founder and IOHK CEO, Charles Hoskinson.
In his statement on Monday (22 April 2024), Hoskinson appreciated PRAGMA's role in supporting projects related to Cardano (ADA) . He stressed the importance of "many clients and a diverse and resilient ecosystem" to Cardano's future.
"I'm excited to see the groups come together to start building this client and project," said Hoskinson, as quoted by Coinlive.
Interestingly, Hoskinson admitted that he only found out about PRAGMA's existence recently and had never officially met its members. He also explained that the presence of PRAGMA "will not speed up the feature delivery" of Cardano. However, this association will add resilience and be a “second pair of eyes” for Cardano (ADA) formal specifications.
PRAGMA Becomes Big Support for Cardano (ADA)
PRAGMA itself was announced by the Cardano Foundation on April 22. The initiative is described as a non-profit and open-source association focused on blockchain software development.
It should be noted that PRAGMA will not act as a funding platform. The association's participants will need to seek funding elsewhere. This approach is claimed to be a step to ensure PRAGMA's long-term sustainability.
PRAGMA's founding members include the Cardano Foundation and four other members: Blink Labs, dcSpark, Sundae Labs, and TxPipe.
It is interesting to note that PRAGMA is different from Intersect, Cardano's pre-existing member-based organization. PRAGMA's official website explains that Intersect aims to act as a governance entity for Cardano, rather than an initiative for open-source software development.
Nonetheless, PRAGMA called the two initiatives "complementary efforts" that could ultimately "work together."
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PRAGMA Focuses on Two Initial Cardano (ADA) Projects
PRAGMA aims to help the Cardano ecosystem by hosting and supporting existing projects, encouraging the development of new tools, and acting as a “home” for blockchain projects.
In the initial stage, PRAGMA will focus on only two projects. The first is a Rust-based node for Cardano called Amaru. The second project is a smart contract platform for Cardano (ADA) called Aiken.
Until 2025, PRAGMA intends to open membership to selected members in the Cardano ecosystem. Afterwards, they plan to open up to external blockchain ecosystems, meaning the scope of this association is not limited to the Cardano blockchain.
The launch of PRAGMA is a positive signal for the future of Cardano (ADA). The presence of this association is expected to strengthen the Cardano ecosystem and encourage innovation in the blockchain field.
Cardano ADA/USDT Price Today on Bittime
Source: Bittime.com
On April 23, 2024, Cardano ADA/USDT price was at $0.5162 per coin, up 0.21% in 24 hours.
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PRAGMA Impact for Cardano (ADA)
It is believed that PRAGMA's presence will have several positive impacts on Cardano and ADA, its native blockchain token. Here are some of them:
1. Improved resilience and stability of Cardano
PRAGMA will act as a “second pair of eyes” to Cardano's formal specifications, helping to identify and fix potential bugs or weaknesses. This will increase the resilience and stability of the Cardano blockchain.
2. Encouragement of innovation
PRAGMA will support the development of new projects and new tools in the Cardano (ADA) ecosystem. This will drive innovation and improve the functionality of the Cardano blockchain .
3. Potential to Attract more users
The stronger and more innovative the Cardano ecosystem is, the more users will be interested in using it. This will increase demand for ADA and drive up its price.
Conclusion
PRAGMA is a new initiative that promises to strengthen the Cardano ecosystem and increase the value of ADA. The presence of this association was welcomed by Charles Hoskinson and the Cardano community.
While PRAGMA will not accelerate the delivery of Cardano features, the association will make an important contribution in the long term. For Cardano (ADA) investors, the presence of PRAGMA can be positive news worth paying attention to.
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How to Buy Cardano (ADA) on Bittime
You can buy and sell Cardano (ADA) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Cardano (ADA) is available on Bittime with the ADA/IDR market pair . To be able to buy ADA/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Cardano (ADA) on Bittime.
Monitor the price chart movements of Cardano (ADA), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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