Cardano Breaks New Ground with Community-Funded ADA Protocol Upgrade Approval
Main Idea
Cardano (ADA) has secured community approval for a $71 million treasury fund to support network development, marking a significant step in decentralized governance.
Key Points
1. The Cardano community approved 96 million ADA ($71 million) for the treasury to facilitate network protocol development.
2. This marks the first time core development funding has been directly approved by the community, signaling a new era of decentralized governance.
3. Tim Harrison, EVP Community and Ecosystem at Input/Output, emphasized the importance of community-driven funding.
4. Ricky Rand, General Manager at Input/Output Engineering, highlighted that this funding will help scale development and delivery.
5. The approval involved 200 voters representing 74% of the Cardano community, demonstrating strong collective support.
Description
Cardano has embarked on a remarkable journey after greenlighting a long-term project expected to strengthen the Cardano network.
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