The integration project aims to develop Cardano integrations with e-commerce and empower online stores and clients to make purchases with zero fees and commissions.
As per the announcement, Cardano plans to roll out the e-commerce integration with an official Shopify app targeting 500K online shops across the globe. Afterwards, the e-commerce expand its integrations to other e-commerce platforms such as Magento.
The project will soon introduce support for regular payments in ADA and other tokens that run on the Cardano network.
Interestingly, the source code and documentation for the project will be accessible on GitHub, allowing developers and more advanced users to customize, build, and deploy it to their servers.
Development for the e-commerce project is set to commence once the SHOP pool starts producing rewards on Cardano mainnet.
The ADA team called to the community to expand the Cardano ecosystem by delegating to the SHOP pool, which currently has 580K ADA pledged.
Fees from this pool will be used for the development and maintenance of the upcoming e-commerce integrations.
Cardano Still Focused on Decentralization
While announcing plans to develop Cardano as a viable payment gateway for online ecommerce stores, the ADA dev team also reiterated the importance of building an open-source, decentralized ecosystem.
Cardano founder Charles Hoskinson announced that all codes and specifications for the blockchain network would be transferred to the ADA community.
This move is aimed at achieving the decentralization of the protocol while appreciating the community’s efforts on improving the ADA platform.
Furthermore, the team behind the development of Cardano (IOHK) also announced that they have rolled out the first experimental stage for the ADA catalyst governance program dubbed ‘Fund 1’.
In a series of tweets posted yesterday, IOHK explained that Fund 1 represents a pathway to the Cardano network’s decentralized governance.
The essential program is designed to bring about a better governance structure for the ADA protocol and equip the community with the right tools to govern the ecosystem’s treasury.
After completing the governance project, the IOHK team will be ready to hand control of the ADA network to the community by the year 2021.
Hoskinson Proposes Staking Guilds
After the successful launch of the shelly mainnet on July 29 that introduced staking rewards for ADA holders, Hoskinson now proposes the implementation of staking guilds.
As the Cardano CEO explained a few days ago, stake pools could agree on common standards by forming staking guilds that are organized as decentralized autonomous organizations (DAOs).
Shortly after the proposal, two stake pool operators responded by setting up a guild for the stake pool operators named “Spacra”.