Cardano’s core development team, Input Output Global (IOG), ensured approval of a $ 71 million Treasury allocation to finance 12 months of network upgrades following a draft management of management that raised concerns about transparency, accountability and costs.
The proposal adopted by 74% and authorizes the payment of 96 million ADA, or approx. 13% of the Protocol’s Treasury, to i and. Payments will be milestone -based and monitored by crosses, a member -driven management body.
Smart contracts and an independent committee will add additional supervision, I and said.
The most important deliveries include Hydra, a LAG-2 scaling product for faster and cheaper transactions and Project Acropolis, aiming to architect the Cardano node for greater modularity and light developer on board. The team also plans to reduce memory consumption and improve operating costs for validators.
Such implementations can eventually lead to increased developer activity and new use cases on the Cardano network, which contributes to the demand for ADA, the network’s gas.
The proposal, which has been under discussion since the beginning of the year, was facing a degree of resistance, with some critics who argued that the lack of granular collapse and questioned whether it should have been divided into smaller, individually voted objects. A rival proposal from Cardano’s technical management committee was ultimately rejected despite the fact that he was given early traction.
Rival chains also push on with upgrades. Solana increased her computer device ceiling by 20% last week, and Ethereum’s recent pectra upgrade lifted its so-called block and stack capsules. Another larger fork, Fusaka, is scheduled until the end of 2025.
