The main development team of Cardano, Output Global Entrance (IAG), obtained the approval of a treasure allocation of $ 71 million to finance 12 months of network updates after a prolonged government vote that attracted concerns about transparency, responsibility and cost.
The proposal was approved with 74% in favor and authorizes the disbursement of 96 million ADA, or approximately 13% of the protocol treasure, to IAG. Payments will be based on milestones and supervised by Intersect, a governance body driven by members.
Intelligent contracts and an independent committee will add additional supervision, said IAG.
Key deliverables include Hydra, a layer 2 scale product for faster and more cheap transactions, and Project acropolis, which aims to rear me up the cardan node for greater modularity and ease of incorporation of the developer. The equipment also plans to reduce the use of memory and improve operating costs for validators.
These implementations can eventually lead to a greater activity of the developer and new cases of use in the Cardano Network, contributing to Ada’s demand, the network gas token.
The proposal, which has been discussed since the beginning of the year, faced a degree of opposition, and some critics argue that it lacked granular breakdowns and questioned whether it should have divided into smaller and smaller and individually voted items. A rival proposal of the Cardano Technical Management Committee was finally rejected despite gaining early traction.
Rival chains are also advancing with updates. Solana increased her roof from the computer unit by 20% last week, and the recent tong update of Ethereum raised her so -called BLOB limit and rethinking tapas. Another important bifurcation, Fusaka, is scheduled for the end of 2025.
