The Cardano’s main development team has received the approved payment of 96 million ADAs from Treasury to be jailed in advance of suggested network upgrades.
Input Output Global (IOG) – Cardano’s main development group – submitted proposal for the equivalent of $ 71 million to Cardano (Ada), where passed with 74% favor, representing 200 votes, six battles, and seven avoids, according to the action of management.
The 12-month development plan focuses on improving scalability, developer experience, and interoperability.
However, the proposal gained some community concerns at costs, general liability and transparency.
Upgrade includes faster transactions, better onboarding
The funding is based on the milestone, with a Cardano -based organization that acts as an independent overseer.
Payments will be released while upgrades are delivered, along with other administration through smart contracts and a dedicated committee, According to to iog.
IOG is also focused on publishing monthly updates, engineering hours, and quarterly budget breakdown.
Some of the major development projects in the IOG’s proposal include HYDRA, a protocol for fast, inexpensive transactions, and Project Acropolis, a modular re-architecture of Cardano Node for more flexible and easier newly new developers.
The average Cardano transaction cost is currently 0.34 ADA, According to In blockchain research firm Mesari, with an average of 20 seconds per block.
In addition, the IOG is looking to lower RAM’s use and reduce operational costs for stake pool operators through performance optimization and implement technical foundations for more advanced intelligent contracts and seamless interoperability.
Remembers Cardano community voice about costs, transparency
Tim Harrison, the vice president of the community and ecosy system, said in a statement on Saturday that this is the first time the community has directly allowed funding of the main development for Cardano.
However, before the vote, the community members pronounced Concerns about funding costs, transparency around how to use teams, how to spend funding and responsibility for delivering the promise.
Some too Question If the proposal should be broken down with smaller goals with separate budgets and individual votes per item.
Related: Hoskinson promises to be audited, is ‘deeply injured’ by $ 600m Cardano Treasury Claims
There was a proposal competing from the Cardano’s Technical Steering Committee (TSC), which was ultimately not promoted by intersect.
Adam Rusch, a member of the Board of Intersect directors, Says In a post on April 28 at X, it will be left in the community proposal to support.
Other blockchains are also upgrading
Cardano is not the only blockchain working on upgrading this year.
The Solana network increased its block capacity by 20% on July 22Limit limit of 60 million compute units (CU) with plans for further expansion before the end of the year.
Meanwhile, meanwhile Ethereum gas limit increased under just 44.92 million on July 22, According to Kay Ycharts. A higher gas limit provides Ethereum to process more transactions per block.
The Ethereum’s Pectra Hard Fork also raised on May 7, increasing the number of data blobs per block and the validator staking limit, among other upgrades. The next upgrade, Fusaka, is scheduled for the end of 2025.
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