The Cardano (ADA) community has overwhelmingly voted to fund a major development initiative, the IOE Roadmap, securing its future with substantial treasury backing. The proposal garnered significant 73.93% support in community voting.
Approximately 96.8 million ADA, valued at roughly $71.4 million, will be allocated from the Cardano treasury. This major fund injection targets core protocol improvements across three critical areas as outlined in the approved proposal.
The largest portion, 40 million ADA, is dedicated to enhancing network scalability, aiming for increased transaction throughput and efficiency. Another 30 million ADA is earmarked for developing advanced tools to improve the experience for developers building on Cardano. Finally, 26.8 million ADA will fund efforts to bolster cross-chain communication and interoperability.
This strategic allocation aims to tackle scalability limitations, simplify development processes, and enable seamless interaction with other blockchain ecosystems. The strong community backing reflects confidence that the IOE Roadmap will enhance Cardano’s capabilities and market competitiveness. The approved upgrades are expected to attract new projects and users to the network.