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26 May, 2024

Input-Output Hong Kong (IOHK)

[ In-put Owt-put Hong Kong ]

Input-Output Hong Kong is a software development company that helps businesses create and use blockchain-based products.

Shawn Munir
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Shawn Munir
Shawn Munir Shawn Munir Expert Author
Shawn Munir is the CEO of Coinweb.com and spearheads all the collaborative partnerships for the platform. He bought his first Bitcoin in 2017 and never looked back. He is also an investor in 200+ Web3 startups and is considered an expert in the field. Before building Coinweb with his co-founders, he co-founded Presail, a management...
José F. Pereira
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José, a Partner at Caerus Venture Capital, specializes in seed-stage tech investments in culture-related sectors like sports, music, and entertainment. His career began in Luxembourg's finance sector, managing a varied portfolio of alternative investment funds. His interest in digital assets soon grew into a deep research passion, leading him to develop unique crypto analysis methods...

Input-Output Hong Kong (IOHK), now known as Input-Output Global, is a software development company that helps businesses, governmental organizations, and educational institutions create and use blockchain-based products. 

Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK has become a global organization with over 400 employees from 50 countries. The company created products like Plutus, Lace, Catalyst, and, most importantly, Cardano

Charles Hoskinson is also a co-founder of the Ethereum blockchain and a well-known advocate for blockchain technology.

He started IOHK after Vitalik Buterin and the Ethereum team removed him from Ethereum. They debated whether the project should be commercial (Charles’ vision) or non-profit (Vitalik’s vision), which resulted in a break. 

Since then, IOHK’s main objective has been commercializing blockchain technology, helping companies implement distributed ledgers, develop currencies, and deploy products on-chain – all for a price.

IOHK logo
IOHK logo | Source: altcoinbuzz.com

What’s The Relationship Between IOHK and Cardano? 

Cardano was launched in September 2017, becoming the first product created by IOHK. 

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Cardano was designed to be a next-gen evolution of the Ethereum idea.

Developed by Charles Hoskinson and his team, it enables the development of various dApps, blockchain games, and new tokens. 

Unlike Ethereum, Cardano is divided into two separate layers: 

  1. Cardano Settlement Layer (CSL)
  2. Cardano Computing Layer (CCL)

The CCL is the layer where all the computations are executed, while the CSL contains the ledger of accounts and balances. When presented by the IOHK company, the idea of dividing the blockchain into interconnected layers made Cardano one of the fastest chains. 

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ADA is the native cryptocurrency of Cardano.

ADA is used to pay transaction fees and staked by validators who want to secure the blockchain in exchange for earning rewards. 

Due to all these features created and implemented by IOHK and Charles, Cardano is considered a third-generation blockchain. Bitcoin is the first generation, and Ethereum is the second generation. 

Conclusion

To sum everything up, Input-Output Global is a software development company founded by the ex-CEO of Ethereum, Charles Hoskinson, in partnership with Jeremy Wood. It focuses on helping different entities create and use blockchain-based products. 

Shawn Munir
Written by

Shawn Munir is the CEO of Coinweb.com and spearheads all the collaborative partnerships for the platform. He bought his first Bitcoin in 2017 and never looked back.

He is also an investor in 200+ Web3 startups and is considered an expert in the field. Before building Coinweb with his co-founders, he co-founded Presail, a management platform designed for companies and investors to manage their investments in Web 3.