Cardano community approves budget of USD $ 70 million ada for technical improvements

By Hannah Pérez

The budget –equivalent to 13% of Cardano’s treasure– It seeks to consolidate its position as a leading blockchain, promoting innovation and adoption through technical improvements. Ada’s value could be benefited.

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• With 74% support, Cardano community approves the deployment of 96 million ADA to improve the network.
• 13% of Cardano Treasury will allocate to finance critical improvements, possibly benefiting Ada.
• The development plan will be deployed in 12 months, includes initiatives such as Hydra and the Acropolis project.
• Ada’s price rose more than 2% in the middle of the ads.

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The community of Cardano He has given green light to an assignment of 96 million ADA, from the Network Treasury, to finance a 12 -month development plan led by Input Output Global (IAG), the main development team of that network Blockchain.

The decision, approved with 74% support in a governance vote, represents a key step to improve the scalability, the experience of developers and the interoperability of Cardano. The development plan is planned to deploy in 12 months and includes initiatives such as protocol Hydra and the project Acropolis.

The development budget comes from the Network Treasury Cardanoa decentralized background that accumulates a part of the rewards generated by transactions in the network, such as transaction rates paid in the native Adaken.

Key projects to boost the growth of Cardano

The approved budget, currently valued at USD $ 70.94 million and corresponding to approximately 13% of the treasure of CardanoIt will finance critical improvements aimed at strengthening network infrastructure.

Payments will be made according to milestones achieved, with the supervision of Intersecta governance agency promoted by the community, together with intelligent contracts and an independent committee to guarantee transparency and accountability.

Among the outstanding initiatives are:

• Hydra: A layer 2 scalability solution designed to allow faster and more economical transactions. Currently, the average transaction rate in Cardano It is 0.34 ADA, with a block time of 20 seconds, according to Messari.
• Acropolis Project: A modular re-architecture of the node of Cardano to facilitate the incorporation of new developers and improve the flexibility of the network.
• Additional efforts to optimize the use of RAM, reduce operating costs for operators Stake Pools and lay the bases for more advanced intelligent contracts and fluid interoperability.

These improvements are expected to promote greater activity from developers and unlock new use cases for applications in the network of Cardanowhich could increase the demand of ADA, the native token of the network used to pay the transaction rates.

Community concerns and transparency measures

The proposal, in discussion since the beginning of the year, faced criticism of some members of the community, who expressed concerns about costs, transparency in the use of funds and accountability in the delivery of results. Some suggested to divide the proposal into smaller goals with individual budgets and votes. A rival proposal of the Cardano Management Committee (TSC) was rejected, despite having gained some initial support.

To address these concerns, IAG promised to publish monthly updates, engineering sheets and quarterly budgetary breakdown, ensuring a higher level of transparency in the process.

Cardano is updated with other blockchains

Cardanoa chain of participation test blocks (POS) founded in 2015 by Charles Hoskinson, is not the only network that is working on technical improvements. Solarium It increased its block capacity by 20% on July 22, raising the limit to 60 million computing units, with additional expansion plans before the end of the year.

For its part, Ethereum increased its gas limit to almost 44.92 million on July 22 and activated bifurcation Pectra on May 7, which increased the number of data bleeds per block and the validated participation limit. The next update of Ethereum, FUSAKAis scheduled for the end of 2025.

With this budget, Cardano seeks to consolidate its position as a Blockchain leader, promoting innovation and adoption through technical improvements that could strengthen its ecosystem and the value of ADA in the market.

Cardano It is one Blockchain Third generation layer 1 designed to be scalable, safe and sustainable, with an approach to intelligent contracts, interoperability and decentralized governance. Your post protocol is called Ouroboros And its native token is Ada, currently the 11th largest cryptocurrency for market capitalization, according to data from Coingcko.

At the time of editing, ADA has a price of USD $ 0.739 with an increase of 2.4% in the last 24 hours.

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Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin

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