The basic development team of Cardano, Etar Output Global (IOG), obtained the approval of a cash allowance of $ 71 million to finance 12 months of network upgrades following a developed governance vote which aroused concerns concerning transparency, responsibility and cost.
The proposal was adopted with 74% in favor and authorizes the disbursement of 96 million ADA, or approximately 13% of the Protocol Treasury, at IOG. Payments will be based on a milestone and supervised by Intersect, a membership -oriented governance organization.
Intelligent contracts and an independent committee will add additional monitoring, said Iog.
The key deliverables include Hydra, a layer 2 layout product for faster and cheaper transactions, and Project Acropolis, which aims to re -chite the Cardano node for greater modularity and ease of integration of the developer. The team also plans to reduce the use of memory and improve the operational costs of the validators.
Such implementations may possibly lead to an increase in developers’ activity and new use cases on the Cardano network, contributing to the request of ADA, the gas token.
The proposal, which has been under discussion since the beginning of the year, has been faced with a certain degree of opposition, certain criticisms arguing that it lacked granular breakdowns and wondered if it should have been divided into smaller elements and issued individually. A rival proposal from the Cardano technical management committee was finally rejected despite the end of the early traction.
Rival channels also advance improvements. Solana increased its ceiling of the 20% calculation unit last week, and the recent upgrade of Pectra d’Ethereum has lifted its so -called Blob limit and the jealous caps. Another major fork, Fusaka, is scheduled for the end of 2025.
