Cardano

Polkadot

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<p class="is-style-lead">According to a Nov. 6 post on X, Cardano has chosen to use Substrate, the foundation of the Polkadot SDK, to build its partner chain project.</p> 
<p>This decision is said to come after four years of research, culminating in Cardano selecting Polkadot’s SDK, formerly Substrate, as the ideal choice due to its modular and flexible design.</p> 
<h2 class="wp-block-heading" id="a-self-sovereign-blockchain">A self-sovereign blockchain</h2> 
<p>A leading developer of Cardano, IOG goes on to describe Substrate as a “proven open-source modular framework” and will contribute a set of composable pallets to broaden its overall reach.”</p> 
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   <p lang="en" dir="ltr">1/ Cardano will use Substrate, the foundation of the Polkadot SDK, to build out its “partner chain” project — showcasing Substrate's potential to expand across Web3, and its ease of use for other chains and ecosystems 🛠️</p>— Polkadot (@Polkadot) <a href="https://twitter.com/Polkadot/status/1721481880782962818?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 6, 2023</a>
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<p>As stated by community member&nbsp;<a href="https://twitter.com/0xgoku_/status/1720520364386640186" target="_blank" rel="noreferrer noopener">Goku</a>, Midnight is likely the first adopter of these partner chains, with a CEO who has roots back from Parity Tech.</p> 
<p> You might also like: <a href="https://crypto.news/cardano-price-rallies-18-percent-four-month-high/"> Cardano price rallies 18% in 7 days, attains four-month high </a> </p> 
<p>The thread goes on to highlight that Substrate can be used to build self-sovereign blockchains that operate separately from Polkadot, citing Polygon’s Avail project as an example of this.</p> 
<h2 class="wp-block-heading" id="on-the-upward-trend">On the upward trend</h2> 
<p>In the first week of the month, Cardano has seen a strong trend, with ADA surging by 7.5% to reach $0.348808, the highest it has been in about four months, according to data on Nov. 5, which in part may have been due to the&nbsp;<a target="_blank" href="https://crypto.news/cardano-price-rallies-18-percent-four-month-high/" rel="noreferrer noopener">Cardano Summit 2023</a>&nbsp;which was held between Nov. 2 and 4.&nbsp;</p> 
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  Cardano Price Chart |&nbsp;Source: <a href="https://coinmarketcap.com/currencies/cardano/" data-type="link" data-id="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener">CoinMarketCap</a>
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<p>However, since this announcement, the price of Cardano has fallen 4.23%, where it currently sits at $0.34.</p> 
<p> Read more: <a href="https://crypto.news/cardano-grows-36-in-the-past-two-weeks-6th-in-gainers/"> Cardano grows 36% in the past two weeks, 6th in gainers </a> </p>

Cardano utilizes Polkadot tech stack for partner chains

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