Cardano Development Proposal Secures $71 Million From Treasury

Cardano Development Proposal Secures $71 Million From Treasury

Cardano’s primary development team has received approval to pay 96 million ADA from the Treasury to influence the proposed promotions to the network.

Global input (IOG) – the main development team in Cardano – presented a proposal equivalent to $ 71 million in Cardano (ADA), which is what Pass With 74 % in favor, they represent 200 votes, with six against and seven abstinence, according to the governance procedure.

The 12 -month development plan focuses on improving expansion, developer experience and inter -employment.

However, it has sparked some concern about society about costs, total accountability and transparency.

source: Entry output

The upgrade includes faster transactions, better on board

The financing will be based on the teacher, as the Cardano -based Cardano is intersecting as an independent official.

Payments will be issued when delivering promotions, with other supervision through smart contracts and a customized committee, According to To IOG.

IOG must publish monthly updates, engineering timing timing and quarterly budgetal disturbances.

Some major projects include IOG HYDRA, which is a high -cost and low -cost transaction protocol, and Project AcroPolis, which is a standard structure for Cardano node for more flexibility and easier on board new main developers.

The average cost of treatment in Kardano is currently 0.34 ADA, According to Blockchain research is 20 seconds for each block.

In addition, IOG is looking to reduce the use of random access memory and reduce the operational costs of arrow gathering operators through performance improvements and the implementation of technical institutions for the most advanced smart contracts and a smooth inter -employment.

Cardano Community Voices related to costs and transparency

Tim Harrison, Vice President of Community and Ecological System at IOG, said in a statement on Saturday that this is the first time that society has directly authorized the funding of a basic development of Cardano.

Before voting, some members of society Cross Fears about the cost of financing, transparency on how to use the difference, and how money will be spent and accountable for providing what you promised.

Some also interrogation Whether the proposal should be divided into smaller targets with separate budgets that require individual sounds on each element.

Related to: Hoskinson returns by scrutiny, which is “severely painful” with Cardano treasury claims worth $ 600 million

There was a competitor’s proposal from the Kardano Technical Committee (TSC), which was not eventually adopted by the intersection.

Adam Roche, member of the Interestct Board, He said In a post on April 28 to X, the community must determine its support proposal.

source: Adam Roche

Other Blockchains is also upgraded

Cardano is not the only Blockchain that works on this year’s promotions.

The Solana network increased its capacity by 20 % on July 22, raising the limit to 60 million calculations (CU) with plans for further expansion before the end of the year.

ETHEREUM gas has been increased to less than 44.92 million on July 22, According to To ycharts. ETHEREUM’s upper gas limit allows more transactions to each block.

Also, the Pectra Hard fork from Ethereum on May 7, increased the number of data points for each bloc, the auditor, among other promotions. The following Fusaka is scheduled to be upgraded, at the end of 2025.

magazine: Charles Hoskinson, Cardano and Ethereum – for registration

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