Cardano Breaks New Ground with Community-Funded ADA Protocol Upgrade Approval

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.